What is the News?
The Ministry of Power has launched several initiatives and has undertaken several reforms in the power sector.
What are the reforms and initiatives implemented by the Ministry of Power?
Green Day Ahead Market (GDAM): It is a marketplace for trading of renewable power on a day-ahead basis.
Pan India Real Time Market (RTM): It is an organized market platform to enable the buyers and sellers of pan-India to meet their energy requirements closer to real-time operation. Under this, Buyers/sellers have the option of placing buy/sell bids for each 15-minute time block.
Integrated Power Development Scheme (IPDS): The scheme was launched in 2014 with the following objectives: (i) Strengthening of sub-transmission and distribution networks in the urban areas; (ii) Metering of distribution transformers/feeders/consumers in the urban areas; (iii) IT enablement of distribution sector and strengthening of distribution network.
SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India): It was launched in 2017 to provide coal linkages to the power plants which do not have linkage, thus helping the generators to get cheaper coal and thereby reduction in the cost of generation.
Source: This post is based on the article ‘Year End Review 2021 – Ministry of Power’ published in PIB on 27th Dec 2021.