Indians spend 30K cr annually to deal with power cuts
Indians spend a whopping 30,000 crore every year on fuel and maintenance cost on power back-up equipments to secure themselves against frequent outages.
New Delhi: Indians spend a whopping 30,000 crore every year on fuel and maintenance cost on power back-up equipments to secure themselves against frequent outages.
According to a pan-Indian study commissioned by Wartsila
India, The Real Cost of Power, the expenses on power
generation using inverters, generators and other back-up
equipments are almost 80 per cent more than what consumers pay
on grid supply.
The operational expenses on generating back-up power in
the country are estimated to be around Rs 30,000 crore every
year, the study says.
Dwelling on the cost difference, it says a consumer on an
average spends 80 per cent above the grid cost when faced with
6-7 hours of load-shedding everyday and the cost increases
three-fold if all the appliances like fridge and TV are run on
On the correlation between the growth of the gross
domestic product and power generation capacity, the study
suggests that the growth rate for both should be same.
Releasing the study, Wartsila India Managing Director
Rakesh Sarin said a `reliability surcharge` of as little as 50
paisa per unit can support rapid (power generation) capacity
build-up in the country.
"This surcharge would be far less than the extra charges
consumers incur on back-up equipments," Sarin added.
"While initiatives such as the setting up of Ultra Mega Power
Projects will, hopefully, help in adding base load capacities
in the country, it is high time we looked at other
complementary technologies and solutions to impart much-needed
flexibility into the system to improve peak load management,"
The study was carried out over a five week period in
May-June 2009 and covered 1,500 respondents across 21 cities
in the country.