SRINAGAR: Authorities stated on Wednesday that the current 500 MW thermal energy buy settlement is prone to lead to a one-rupee per unit enhance in tariff in comparison with the prevailing hydropower tariff.
Principal Secretary of the Energy Improvement Division (PDD), H Rajesh Prasad, stated that the method to harness the newly acquired 500 MW would begin quickly.
Whereas acknowledging the area’s reliance on hydropower, Prasad talked about a pre-existing solar energy buy settlement of 1600 MW, surpassing the capability of hydropower. He added that by December 2024, Jammu and Kashmir (JK) would incorporate solar energy into its vitality combine.
Highlighting the constraints of photo voltaic vitality because of variability throughout completely different climate circumstances, Prasad emphasised the benefits of thermal electrical energy era utilizing coal or fuel, offering a constant 24-hour energy provide.
Relating to the five hundred MW energy buy settlement, Prasad confirmed authorities approval and mentioned the anticipated tariff adjustment. He acknowledged that the bottom price for thermal energy would seemingly be barely larger than that of hydro and solar energy, doubtlessly growing from the present price of Rs 4.50 paisa per unit to Rs 5.25 paisa or Rs 5.50 paisa. Regardless of the anticipated enhance, Prasad deemed it an affordable price essential to assist the bottom load.
Talking on the procurement of energy, Prasad talked about ongoing purchases from the facility trade, evaluating its volatility to the share market. He assured that the Energy Improvement Division holds adequate energy buy agreements to satisfy the bottom load necessities.
Whereas acknowledging permission for the five hundred MW thermal energy buy, Prasad talked about the necessity for central electrical energy authority procedures to finalize value approval, anticipating completion inside 2-3 days. (KNO)
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