Power 20:20 | Highest growth network creation in central transmission - Power Grid
The Power Grid Corporation of India Limited (Power Grid), is a state-owned electric utility company headquartered in Gurgaon, India. It transmits about 50 per cent of the total power generated in India on its transmission network. Its subsidiary company, Power System Operation Corporation Limited (POSOCO) handles power management for Power Grid
Only Collective Growth is Sustainable
Let us start with the economic reform of India. After a big bang economic reform of Indian economy, Indian power sector was opened for private investment in generation, but with a license to generate. Indian power generation capacity addition growth rate was in between 24-26 per cent during 8th-10th five-year plans, with installed capacity as on March 31, 2002, 85,795 MW to 132,329 MW as on March 31, 2007 respectively.
Ushering in a new Dawn
Ujwal Discom Assurance Yojana (UDAY) announced in the first week of November 2015 to overhaul the operations of distribution companies (discoms) though a slew of carrots and sticks has evoked hopes that the scheme could usher in a new dawn for the Indian power sector, which has been saddled with numerous problems.
India´s power generators continue to face low and declining capacity utilisation, mainly because financially stressed power-distribution companies are unable to purchase power. This underscores the importance of successfully addressing the power distributors´ financial health.
The Energy Mix
Rather a debatable topic, considering India´s move towards green energy and climate change promise, the country´s energy mix will always be led by coal-based thermal power projects, of course, with the help of other supporting energy resources.
The right energy mix
We at POWER TODAY while pondering over the ´right´ energy mix for India, were drawn toward specific examples like Norway, whose energy dependency on the hydro power sector is 90 per cent; and France, where almost 75 per cent of energy comes from nuclear power. Similarly, other European countries too have particular sources of power dominating their energy space.