Installed Generation Capacity Sufficient to Meet Electricity Demand
The installed electricity generation capacity in the country was around 364,960 MW on October 31, which is sufficient to meet the electricity demand in the country. The gap between demand and supply of power up to October during the current fiscal in terms of energy and peak is less than 1 per cent, stated Raj Kumar Singh, Minister of Power and New & Renewable Energy.
How the budget can fire power
On 28th February, when Finance Minister Arun Jaitley presents his second budget (after his Interim Budget 2014 in July) the power industry may expect some major policy relief as it will be the first full-fledged budget presented by the FM.
Cabinet approves Rs.32,600 crore power scheme
The Cabinet has approved the Rs 32,600 crore Integrated Power Development Scheme
(IPDS) that will strengthen the transmission and distribution networks and metering in urban areas and smarten it with information technology.
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