Days before the national biofuel policy is taken up by the Union Cabinet, the Confederation of Indian Industries has demanded incorporation of enough "flexibility in the biofuel blending mandate" based on the availability of such fuels.
According to the latest data from the Ministry of Water Resources, the water storage position in major reservoirs has gone down to a record low of 34.86 billion cubic metres (bcm) -- about 22 per cent of the total storage capacity of 151.76 bcm of all the 81 reservoirs taken together. The storage level was above 26 per cent last year. Of the total 81 reservoirs in the country, 36 have significant hydro power potential with an installed capacity of more than 60 Mw each.
"Sooner or later, a greater part of our businesses will surely be taken up by the exchange, a more transparent platform," said a senior official from PTC India Ltd, the country's largest power trading company that accounts for about a quarter of the total volume of electricity traded in the country. Interestingly, PTC is one of the co-promoters of the exchange. Another major player in the power trading sector, NTPC Vidyut Vyapar Nigam Ltd, has confirmed similar apprehensions
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