Economic growth of any Country depends upon its energy resources. No Country can think of growing without a robust power supply as power is the key energy being used by most doing manufacturing activity. The cost of energy is so critical in the total cost of production. Uninterrupted power supply to the Industry is very much essential to be competitive in any Industry. India has been adding new capacity for power generation in each five year plan and the just finished 11th five year plan has also added app 54000MW power generation capacity. Unfortunately most of the power generation Company in India not producing optimum capacity now due to shortage of Coal & Gas. As high as 43000 MW power capacities are being impacted by coal/ Gas issue. Most of the thermal power plants are running with only few days of coal inventory. Coal prices have gone up significantly during the last few years both domestically and globally. It is expected that Presidential directive to Coal India will ensure uninterrupted supply to Power generation Company in the coming Moths thereby restring the power situation to normalcy. Situation of Gas based power units are also in a very difficult situation due to the shortage of Gas. Availability of Gas from KG Basin is decreasing and Government has issued guidance not to set up any new Gas based Power units till 2015. The increasing cost of Power generation due to higher Imported Coal price has made it difficult for generation companies to convince Distribution Company to hike prices. Power distribution Companies are also not at all in a good shape in most of the State .Most of the Loan sanctioned to Power Companies by Banks has not yet been disbursed. India to grow faster and to compete with other developing and Developed Country must think seriously to manage the Power sector efficiently.
No comments:
Post a Comment