The country added record power capacity in the year ended March 31, expanding output by 15,795 Mw. More than 45% of this capacity addition is from private investors like Adani Power Ltd, Reliance Power Ltd and Tata Power Co. But the power output for the month of April is 8 percent less electricity than a state-mandated target amid a shortage of coal, as per the Central Electricity Authority . Electricity production from April 1 to April 29 was 63,655 million kilowatt-hours compared with a targeted 69,237 million, as per CEA report.
There were 28 coal-fired generators with fuel stockpiles at a “critical” level of less than seven days’ supply and 11 generators with a “super critical” level of less than four days’ inventory on April 28, according to the Central Electricity Authority. That compares with typical stocks of 25 to 30 days, the authority said.
A couple of days ago NTPC chairman denied any news of coal shortage and stated that the shortage is only a price related phenomenon as state distribution utilities are not ready to by costlier power. Stocks of infra and power sector companies are already reeling under the hawkish credit policy released by the RBI to rein inflation. A fall in power output in the summer season which is supposed to be the season of peak demand does not give good encouragement to investors.
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