Allow suspension negotiations in power sector
The Indian power sector’s generation-capacity grew very rapidly in the last decade, 70,000 MW of thermal capacity added in the 12th Plan. Unfortunately, this was followed by two adverse developments. Power demand didn’t pick up during this period by as much as anticipated while adding the capacity. And, there is now a push towards increasing the renewable generation, given India’s resolve to rapidly increase the green component. The prices of solar power have also fallen much below the thermal power generated by the newer capacities. The impact of these factors is reflected in the significantly low utilisation of thermal plants.
