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Power Minister R K Singh has said that the government has asked all power plants to operate at full capacity as it pulls all the stops to meet peak electricity demand in the searing summer season. With the meteorological department forecasting a harsh and long summer, the government has asked all plants that are shut for maintenance or other reasons, to quickly start operating and harness surplus power available at generating stations dedicated to specific users. He said the government is also ensuring that thermal power plants – the backbone of India’s electricity supply – have enough coal stocks to last through June and has asked all units to offer their uncontracted or surplus power in power exchanges.
He said the Ministry of Power has projected a peak power demand of 260 gigawatt (GW) this summer (April-June), higher than the record of 243 GW in September last year. The ministry had projected 229GW of peak power demand last year, but due to unseasonal rains the all-time high demand was recorded at 243GW in September 2023. However, this year the Indian Meteorological Department (IMD) has forecast that India is set to experience extreme heat during the April-June (summer) period, with the central and western peninsular parts expected to face the worst impact. Besides, above-normal heatwave days are likely over most parts of the plains during summer.
The minister informed that power demand has improved 9.5 per cent in the last year. The peak demand in 2013-14 was 130 GW to 140 GW. Today it is 243 GW. So it has gone up by 80 per cent. He also informed that India has added capacity of about 200 GW which is mostly renewable. Explaining about efforts being made to meet the ever-increasing power demand in the country, he said ‘we are adding more capacity. We are setting up about 80 GW of thermal capacity. We have about 15 GW of hydro capacity under construction. I also have 103 GW of renewable energy capacity under construction.’ He also said that India’s peak power demand would touch 400 GW by 2032.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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