HomeCurrent affairsErratic monsoons: Threat to Agriculture and security

Erratic monsoons: Threat to Agriculture and security

In H1FY24, erratic precipitation reduced hydropower output by 8%, according to NHPC, based to the CEA, hydropower makes up roughly eleven percent of the energy mix in India and is recognized as a flexible kind of energy production. These units feature a chance to swiftly ramp up or down depending on to changes in power demand, unlike coal-fired services. Insufficient water supply during the first several months of FY23–24, followed by severe downpours and flash floods started in August.

The hydroelectric power throw in Q2FY23–24 was as large as 11%, from 10,138 MUs in Q2FY22–23 to 9,010 MUs in the quarter that ended in September 2023. The following was a tightening of the situation. A statement from a senior official from NHPC Ltd., the biggest hydropower generating company in India, “this is mainly due to decreased water accessibility and then severe rainfall and overflow in certain regions of Himachal Pradesh in August, 2023, which caused damage to the production of electricity in this area, particularly the shutdown of each unit of Parbati III strength location, which is currently fully functioning”

RP Goyal, chairman (financial), NHPC, provided an update on the hydroelectric projects impacted by the flash floods that occurred in north Sikkim on October 3 and 4, during a recent analyst call that accompanied the company’s announcement of its Q2 results. The company’s data analysis additionally demonstrated a drop in NHPC’s operating revenue. It recorded Rs 5,056 crore in the first half of FY23–24, which is about five percent less than Rs 5,327 crore in the same time last year. NHPC is fully insured under a mega-insurance policy for the loss of its assets and losses due to business interruption.

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