Odisha Buys Power From Spot Exchanges To Plug Deficit
Poor monsoon rains have severely affected water levels in Odisha’s key reservoirs, prompting the State-owned bulk power buyer and trader Gridco Ltd. to source power from energy exchanges and plug the widening power deficit.
It is during the months of July-August that hydropower generation in Odisha reaches its peak, aided by benevolent monsoons. However, deficiency in rains this monsoon has dampened the generation levels of many hydroelectric plants across the State. The low rainfall levels have also sparked concerns about the onset of droughts, particularly in Western Odisha.
Gridco plans to continue buying power from spot exchanges until the monsoons get the impetus they are lacking now. However, Gridco can heave a sigh of relief that power will be made available to the state grid from two supercritical units of state-owned Odisha Power Generation Corporation (OPGC), which were commissioned recently. Besides the OGPC, Odisha will also get 800 MW as the state’s share from the NTPC’s upcoming project at Darlipalli near Sundargarh. When combined, availability of power from the OPGC as well as the NTPC could well land Odisha in a comfortable power-surplus position.
Peak power demand in Odisha during the summer months have already crossed 4000 MW this year. The State government had entered into a power-banking agreement with northern states to meet its surging demand for power. Under the agreement, Odisha is obliged to return power to benefactor states during the peak monsoon seasons, when its reservoirs operate on full capacity.