Tepid Power Consumption In Chhattisgarh Despite Soaring Temperature

The demand for power in is not rising in sync with the temperature in the state, which has reached about 40 degress in the capital, Raipur. Instead there has been a decline in electricity offtake in the state

Air-conditioners and coolers in major cities in the state were indeed switched on to beat the heat during the first week of April.

However, the state-owned State Power Distribution Company (CSPDC) is in a fix, because power consumption is down to almost 1,000 Mw in what the company considers as peak season.

“Normally the demand increases to 4,500-Mw in April, but this year it is only 3,500 Mw,” CSPDC officials said. A plausible explanation offered was that consumption has been lower this season due to the Covid-19 lockdown, which has forced shut industrial units and commercial establishments, which are large consumers.

ALSO READ: Telecom infra players urge states to reduce power tariffs amid coronavirus

The industrial sector only consumed about 40 per cent of the total demand. Following the decrease in offtake, the State Power Feneration Company had curtailed production at its units.

While the generating company has been able to cut production costs the distribution company would have to take a loss of about Rs 500 crore, the officials said. It has already beem reeling under a crisis as the state government had subsidised power for consumer by halving electricity tariff.

The lockdown didn't make matters any better. This is because steel makers and small industrial units in the sate had come out with a fresh demand to revive their sectors. They had urged the state government to reduce power tariff for the industrial sector, which is a major customer of the power distribution company in the state.

RECENT NEWS

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more

Coutts Sets Scope On New Continent

Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more

From Cypherpunk To Citadel

How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more