2.63 Cr houses electrified, Govt hunts for competitive power prices: Energy Min

New Delhi: Union Minister of State (IC) Power R K Singh said that since the launch of the Pradhan Mantri Sahaj Bijli Har Ghar Yojana – Saubhagya in October 2017, about 2.628 crore willing un-electrified households were electrified by 31 March 2019 across India.

Under this yojana, 7,980,568 households of Uttar Pradesh, 3,259,041 of Bihar and 2,452,444 households of Odisha were electrified. 1,35,881 households of Bulandshahr district, Uttar Pradesh and 1,83,744 households of Balangir district, Odisha were electrified. 

Ministry of Power, Government of India, has formed a high-level group to study the present system of power purchase and sale under the Power Purchase Agreement (PPA) including power trading.

The group will also explore the system of power markets globally and make recommendations for changing the structure and system of power purchase and sale in the country including reforms needed to encourage investments, efficiency, and competitiveness in power markets.

As per the provision of Electricity Act, 2003, Ministry of Power has already issued Competitive Bidding Guidelines for long term, medium-term and short term power procurement by Distribution Licensees.

As mandated in Tariff Policy, all future power procurement by Distribution Licensees in states to be done through tariff-based competitive bidding only.

In order to further optimize the cost of power procurement by state distribution licensees, a mechanism of national load merit order for inter-state generating stations has also been introduced.

This information was provided by Union Minister of State (IC) Power, New & Renewable Energy and Skill Development and Entrepreneurship R K Singh, in a written reply to a question in Lok Sabha yesterday.

Singh had also informed that as on 31 October 2019, the installed generation capacity in the country is around 364,960 Mega Watt (MW), which is sufficient to meet the electricity demand in the country. 

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The ID Staff

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