Gujrat Urja Vikas Nigam Limited (GUVNL) purchased a record amount of power from the Indian Energy Exchange (IEX) in march. The rise in the figure is a result of high demand due to the temperature increase and non supply of power by two state utility.
The figures for march 2018 were 1,565 Million Units of electricity which was nine times more than 173 Million Units in march 2017. GUVNL have purchased about 40 % of the total electricity traded in the Indian Energy Exchange. 3,955 Million Units of electricity were traded in March 2017.
KK Bajaj, who is a Energy and regulatory expert told that GUVNL purchased a total of 65,280 Megawatts out of which a little more than 2,100 Megawatts were purchased from IEX in March. GUVNL was recently declined a supply of 2,000 MW and 1,000 MW by Adani Power and Essar Power. This forced them to purchase power from IEX. The rate at which GUVNL purchased 1,565 Million Units from IEX at Rs 4.74 per unit.
This rate is much more than the rate at which the private producers supply power to GUVNL. The demand increased from 14,300 MW to 15,500 MW in the last week of March. With the summers approaching the demand is expected to touch 16,500 MW in coming time.
On concluding the figures stand at, GUVNL purchased a total of 9,555 Million Units out of which central sector and IEX accounted for more than 50 percent. Gujrat government owned GSECL supplied 2,203 Million Units, Private producers supplied 1,682 Million Units and 868 Million Units came from Renewable Sources.