Energy is one of the most critical components required for the development and progress of communities, enterprises and individuals. It thus acts as an enabler to various forms of commercial and individual activity. However, in a developing nation such as India there still are certain regions which are have yet to receive their first rays of reliable and consistent electric supply. Though considerable capacity additions have been made to the nation's power generation facilities, yet the demand levels continue to outpace the supply options.
India is the third largest producer of electricity in Asia with an installed capacity that has increased from 1362 MW in 1947 to about 298 GW as on 31st March 2016. However, alongside this growth story are the shortages in meeting peak (3.2%) as well as energy shortage (2.1%) during FY2015-16. In spite of the overall shortage, the inherent diversity in demand of various States and Regions in the country results in periods of seasonal surplus in one State or region coinciding with periods of deficit in another. This coexistence of overall shortages with complementary geographical and temporal surplus-deficits provides substantial opportunities to improve the economic efficiency and reliable supply through trading of power both within as well as across Regions.
Apart from its all-inclusive spectrum of bioenergy, Power Trading is also focusing on solar energy - a natural, abundantly available source of energy.
Power Trading is also working to develop innovative solutions such as cutting edge technologies to enhance efficiencies, improve cost benefit, and raise acceptance of this critical energy source for diverse industrial and domestic applications.