Energy Portfolio Optimization for the State of Rajasthan

Abstract

The power sector in Rajasthan has shown substantial improvement over the past few years or in a decade due to an increase in generation capacity, renewable generation, strengthening of network infrastructure leading to an improvement in the overall power supply position of the state. But still, there is a gap to be fulfilled between demand and the supply from capacity tied up under power long-term, bilateral contracts, short-term contracts, and making the renewable generators as must-run plants. Distribution Company continues to be an insufficient supplier to serve the entire demand across various time blocks for the state of Rajasthan. The state continues to depend on peak load power plants, typically gas-based or diesel-based-close to load centers for meeting their deficit peak and uncertain seasonal demand increase. A linear optimization mathematical model has been developed to address the delinquent of power purchase and its planning encountered by the distribution utilities and large consumers. A power procurement framework is much needed for the state of Rajasthan that can provide the three major distribution utilities, and other power procurement suppliers and producers better views in respect of procuring the right quantum of power from various available markets sources under different time scenario to counter the demand.