India's power demand surges to record high
With the peak electricity demand in the country crossing 1,85,820 Megawatt, the highest-ever recorded, Union power minister RK Singh on Wednesday said that the surging demand for power is a certain indicator of India's economy getting back on track.
"The demand (and supply) of power in January (upto January 19, 2021) has grown by 8 per cent as compared to the corresponding period last year. This is the highest rate of growth ever. The surging demand for power is a certain indicator that our economy is getting back on track," he tweeted.
"The peak demand for power crossed 1,85,820 Megawatt at 9:35 am on today. This is the highest ever, a record," he added in another tweet.
He further said that the surging demand also shows the success of Subhagya, under which the Centre provided electricity to the homes of poor and the underprivileged. "This is a matter of satisfaction for us in the Ministry of Power," he said.
Enter your email to get our daily newsletter in your inbox
- Reiterating his government’s stance on privatisation, the Prime Minister said, “We have made it clear in the new public sector enterprise policy that government will have limited role in only four strategic sectors and all other public sector units can be privatised.”
- After resumption of trade at 3.45 pm, NSE Nifty was quoting 152.95 points or 1.04 per cent up at 14,860.75.
- The scarcity, exacerbated by the pandemic, will be the subject when Biden meets a bipartisan group of US lawmakers on Wednesday to discuss the issue.
- Earlier in the day, NSE had halted trading in its cash and derivative segments at 11.40 am, due to issues with telecom links of its two service providers.