The Union Minister for Power and New & Renewable Energy has informed that the total quantity of power generated in the country over the past three years and current year 2023-24 (till October, 2023) is as given below.

The total amount of power generated in the country over the past three years and current year 2023-24 (till October’23)

 

It will be seen that the peak demand met has gone up from 136 MW in 2014 to 243 MW in 2023.

Government of India has introduced new products in the Exchange for Renewable Energy such as the Green Day Ahead Market and the Green Term Ahead Market. India has one of the fastest growing Renewable Energy Capacities in the world and have emerged as the most favoured destination for investment in Renewables in the world.  Government has constructed Green Energy Corridors and put in place 13 Renewable Energy Management Centres. Presently Renewable Energy Capacity is 178000 MW and 99000 MW is under installation. Further, the transmission planning for integration of 500 GW renewable generation by 2030 had already been published based on renewable potential and the same is being taken up progressively for implementation to ensure availability of transmission system ahead of generation projects.

Government has made efforts to make Power Sector viable. The AT&C losses have come down from 22.62% in 2013-14 to 16.42% in 2021-22.  All current payments of Gencos are up-to-date and the legacy dues of Gencos have come down from Rs. 1.396 lakh crores to Rs. 51,268 Crores.  The subsidy payment to DISCOMS on account of subsidies announced by State Government are up-to-date.

In order to reduce the AT&C losses, the Government of India has implemented the following steps:

 

1. Provided funds under DDUGJY and IPDS to install meter on unmetered connections; and installed covered wire in loss prone areas to make theft difficult;
2. Put in place energy accounting and energy audit system;
3. Revised prudential norms to ensure that no loans are given by REC/PFC to DISCOMs which are making losses, unless they draw up a plan to reduce the losses, get their State Government approval on it and file it with the Government of India; and follow up on these steps;
4. Put in place a merit order despatch system to ensure that cheaper power is despatch first;
5. Reduced the late payment surcharge to reduce the burden on the DISCOMs;
6. Put in place rules to ensure that if the Genco is not paid for the power supplied within 25 days access of the defaulting DISCOMs to the exchange is automatically cut off; and any further delay would lead to  a reduction in medium and long term access;
7. Put in place an incentive of an additional borrowing space of 0.5% of GDP if the DISCOMs puts in place loss reduction measures;
8. Provided that no funds will be given under RDSS to loss making DISCOMs unless they put in place measures to reduce their losses; and
9. Put in place Rules to ensure that the tariff is up-to-date.

As a result of the above measures, the power sector has become viable and profitable.

This information has been given by the Union Minister for Power and New & Renewable Energy Shri R. K. Singh, in a written reply to a question, in Rajya Sabha today, December 12, 2023.

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PIB DELHI | Alok Mishra / Dheep Joy Mampilly

(Release ID: 1985542)