Power prices on exchanges rise as soaring temperatures lift demand
As India approaches peak summer demand, heatwaves have caused a spike in prices of electricity
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As India approaches peak summer demand, heatwaves have caused a spike in prices of electricity
(Bloomberg) -- Sign up for theIndia Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareWhy India’s South Rejects Modi — And Why It MattersBlackstone Nears Buyout of Skin-Care Company L’OccitaneGermany to Order Ships, Armored Vehicles Worth Up to €7 BillionIndia is ramping up
Coal’s share in power output rose to 77% in the first week of April, about two percentage points higher than a year earlier, according to data from the Grid Controller of India Ltd., making up for shortfalls in hydropower output.
Lower hydropower generation has forced India to boost its consumption of coal as it attempts to avoid blackouts this summer.
National Committee for Transmission recommends large ISTS projects worth over 16,400 crore