Hyderabad-based renewable energy services startup Fourth Partner Energy (4PEL) raised a series-A funding of Rs 3 crore from The Chennai Angels earlier this week. "We hope to see a billion dollar company in the making," said R Narayan, investor from the angel investment group, that closed eight investments last year and has a string of investments lined up this fiscal.
The self-funded startup focuses on distributed solar power, and provides end-to-end solar energy services, both tech ..
With soaring day temperatures and a lull in monsoon, Hyderabad and rest of Telangana is facing its worst power crisis this year, with an unprecedented shortage of 25 million units.
With no options left, authorities are contemplating a six-hour daily power cut in the city, up from the four-hour ordeal for denizens now. In the districts, the situation has worsened forcing farmers, along with small and medium entrepreneurs, to hit the streets against eight to 12 hour-long cuts in Adilabad, Karimnagar, Warangal and Nizamabad.
"The power shortage is increasing and it has already worsened in the last two to three days. We are prepared to purchase power from everywhere and at any cost. But it's simply not available anywhere in the country," Shailendra Kumar Joshi, principal secretary (energy), Telangana, told TOI.
Tackling the precarious power situation has become an acid test for chief minister K Chandrasekhar Rao ever since he took over reins as the state's head. Officials say lack of transmission connectivity with northern and western grids has made it impossible for them to purchase power from other states.
While KCR has asked power officials to purchase at least 2,000 MW power from Chhattisgarh and other states, non-availability of grid connectivity has become a thorny issue for them. To overcome this, the chief minister is planning to build a dedicated line from Chhattisgarh and purchase power from private power generators in that state. "But commissioning a new line will take at least three years time. Till that time, power troubles are here to stay," averred a senior official in the Telangana government.
Villages and mandal headquarters in Telangana districts are reeling under severe load-shedding and in some places there was no power for more than 12-hours. As a result many small and medium entrepreneurs are closing down their units, officials said."We are not in a position to run our units on diesel generators as the price of diesel has also increased. Power cuts during day is making it impossible for us to run our units and workers are demanding more wages for working in the night shifts," pointed an entrepreneur, whose unit in Medak industrial area has been badly hit due to power shortage.
To meet the unprecedented power shortage, Telangana energy officials are releasing water from Nagarjunasagar and Srisailam reservoirs to generate electricity, despite them being far from full. From the Srisailam dam, the government released 85,150 cusecs on Wednesday when the inflow was only 12,479 cusecs.
Similarly, from Nagarjunasagar, 27,718 cusecs of water was released to generate power along with some quantity from Jurala. Telangana state is now running its Nagarjunasagar, Srisailam and Jurala Hydro units at full throttle to generate 29.45 million units a day.
"The agriculture demand has increased and at the same time demand from domestic sector has also gone up due to unprecedented consumption of power through use of air-conditioners. To meet the situation, we are anyway buying 25 million units of power every day from Odisha and Karnataka," Telangana Genco chairman-cum-managing director Devulapalli Prabhakar Rao said.