Page 44 - Policy Economic Report - June 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

maximize the availability of generation capacity. Additionally, plants under long-term outage have
been sensitized to revive their units to ensure maximum power generation.
3. GENCOs Advisory: All generating companies (GENCOs) have been advised to keep their plants in
healthy condition to ensure full capacity availability for optimal operation of various generation
sources.
4. Coal Stock Maintenance: Adequate coal stocks are being maintained at coal-based thermal
stations.
5. Hydro Stations Advisory: Hydro stations have been advised to conserve water during solar hours
and dispatch maximum generation during non-solar hours to ensure power adequacy at all times.
6. Gas-Based Power Plants Operation: Gas-based power plants have been directed to provide grid
support under Section 11 of the Electricity Act, 2003. Additionally, around 860 MW of additional
gas-based capacity (non-NTPC) has been tied up through competitive bidding specifically for this
summer. Furthermore, approximately 5000 MW of NTPC gas-based capacity has been instructed
to be ready for immediate operation as per system requirements.
7. Market Utilization of Surplus Power: Any un-requisitioned or surplus power available with
generating stations is to be offered in the market as per provisions of the Electricity (Late Payment
Surcharge and Related Matters) Rules, 2022, and its amendments. This power can be utilized by
any other buyer from the power market.
8. Inter-State Power Tying: States can also tie up power with other states having surplus capacity
via the PUShP portal.

Government of India approves new transmission schemes worth ?13,595 crore to evacuate 4.5 GW RE
power each from Rajasthan and Karnataka

The Government of India has approved new Inter State Transmission System (ISTS) schemes to evacuate
9 GW of RE power from Rajasthan and Karnataka. These schemes will be implemented through Tariff
Based Competitive Bidding (TBCB) mode. These schemes are part of 500 GW RE capacity by 2030 out of
which 200 GW is already connected.

Brief of the approved schemes is as under:

1. The power evacuation scheme of Rajasthan Renewable Energy Zone (REZ) will evacuate 4.5 GW
of RE power from Rajasthan. It comprises 1 GW from Fatehgarh complex, 2.5 GW from Barmer
Complex and 1 GW from Nagaur (Merta) Complex. This power will be transferred to Mainpuri
Region, Fatehpur and Orai of Uttar Pradesh. The completion period of the scheme is two years.
Cost of the scheme is about ?12,241 crore.

2. The System strengthening scheme of Karnataka will evacuate 4.5 GW RE power from Koppal area
and Gadag area. The scheme will be completed by June 2027. Cost of the scheme is about ?1,354
crore.

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