India will be a power surplus country in the 2018-19 fiscal year, according to CEA (the Central Electricity Authority), which forecast energy and peak power surpluses at 4.6% and 2.5% respectively. The the Central Electricity Authority made the same claim last year, however, and was proved wrong. In the first quarter of the current fiscal year peak power was 0.7% down and overall energy 0.6% lower, mainly because distribution companies were reluctant to buy power and some areas had limited access. Industry observers also said that even if a power surplus emerged this year it would not mean an end to power cuts.
India will be a power surplus country in the 2018-19 fiscal year, according to the Central Electricity Authority (CEA), which forecast energy and peak power surpluses at 4.6% and 2.5% respectively. The CEA made the same claim last year, however, and was proved wrong. In the first quarter of the current fiscal year peak power was 0.7% down and overall energy 0.6% lower, mainly because distribution companies were reluctant to buy power and some areas had limited access. Industry observers also said that even if a power surplus emerged this year it would not mean an end to power cuts.