Weekly Power Sector Round up: 8th January 2022

PSU’s capital expenditure rises 47%

Public sector enterprises under the Ministry of Power have increased capital expenditure during the first 9 months of the current financial year to Rs 40,395.34 cr, a 47% year-on-year increase, according to Govt. data.

The total capital expenditure target for the financial year 2021-22 stands at Rs 50,690.52 cr. Thus, the PSEs have collectively met around 80% of the capex target.

IEX trade volume rises 24% in December

Trade volume at the Indian Energy Exchange (IEX) grew 24% year-on-year in December to 9,035 million units (MU) across all market segments.

IEX traded 9,035 MU cleared volume in December 2021, comprising 7,285 MU in the conventional power market; 365 MU in the green power market and 1,385 MU (13.85 lakh certificates) in the REC (renewable energy certificate) market.

For the third quarter of financial year 2021/22, IEX has recorded 27,677 MU volume and achieved 37 per cent year-on-year growth across all its market segments.