, India

Indian power generation fell in February: report

Electricity generation for the month was at 112 BU.

India’s power generation dropped in February 2021 and is nearly stable from the year period, according to credit rating energy CARE Ratings’ recently released power sector update.

The electricity generation in February was at 112 billion units (BU), 7% lower MoM and with a 0.2% decline YoY. Further, it recorded a decrease compared to output in July – October 2020, which logged 120 BU.

Meanwhile, electricity generation from renewable energy sources moderated in February 2021 by 3%, whilst conventional sources inched up by 0.1% YoY.

“In the first eleven months of FY 2021, domestic electricity generation declined to a three-year low and was 2.4% less than that in the corresponding period of FY 2020,” the report said, noting that this drop was mainly driven by lower output from thermal, hydro, and nuclear sources (which made up 90% of the total generation).

The fall in power generation in FY 2021 was reportedly caused by the plummet in electricity demand from the industrial and commercial sectors, following the nationwide lockdown from March to May 2020, interruptions in supplies of input and raw materials, as well as labour shortages.

Meanwhile, conventional energy sources saw six continuous months of growth since September 2020, but eventually fell on a sequential basis in February 2021. Coal-based power generation, comprising 76% of total power output and 84% of conventional energy output, improved by 3% YoY.

On the other hand, generation from renewable sources in February diminished by 5% MoM and 3% YoY, primarily on the back of lower wind power output, which dropped by 25% on a sequential and annual basis.

“Solar power generation on the other hand rose by 7% MoM and by 2% YoY basis in February 2021,” the report added.

Interestingly, electricity consumption and generation caught on to the improvements of recent months and was only slightly lower than the pre-lockdown period of February’2020.
 

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Asian Power in your inbox

Danish energy company Ørsted launches expansion in Vietnam

This comes on the back of Vietnam increasing renewable energy to 30% by 2030

South Korea launches its largest 2 GW solar capacity tender

The country is expected to allocate 4 GW of solar capacity in 2021 across two tenders.

ACWA to build largest wind power plant in Central Asia

The company will construct the 1500 MW wind power project in Uzbekistan.

India’s Tata Power contemplating $473m IPO for renewable energy business

It initially planned to seek a partner to invest in its green assets.

China’s solar capacity installation crashes by 82% QoQ in Q1 2021

But increased by 35% YoY compared to Q1 2020.

India’s JSPL sells coal-fired power business for $400m to Worldone

This move aims to reduce the company’s debt and carbon footprint by almost half.

Japan authorizes operations of three ageing nuclear reactors

This is the first time reactors older than 40 years are approved to restart.

India’s NTPC launches tender for 600MW of wind and solar projects

Developers can compete for at least 50 MW to 600 MW in 10 MW multiples.

Here’s why the last dirty fuel project in Japan was scrapped 

The country recently pledged to cut down greenhouse gas emissions by 46% before 2030.

Singapore's Sunseap eyes expansion in Japan after latest Series E funding

The company earned an undisclosed amount from several new Japanese investors.