Get App
Download App Scanner
Scan to Download
Advertisement
LIVE UPDATES

Mumbai Power Outage Live: Power Supply Restored In Most Areas, For Local Trains

Mumbai Power Outage Live: Power Supply Restored In Most Areas, For Local Trains
Cranes dot the skyline among commercial buildings in the Walkeshwar area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
5 years ago
Mumbai Power Cut News: Parts of Mumbai and its neighbouring areas are facing a power outage due to a grid failure at Tata Power. Track latest news updates here:

Power supply was restored in most parts of India’s financial capital after its worst blackout in decades disrupted transport networks and briefly hit trading volume in bond markets.

Mumbai, home to India’s biggest stock exchanges, financial regulators and the central bank, witnessed a power failure at around 10:00 am. Power tripping—or an overload in the circuit that forces the system to shut down automatically—was the reason for the grid’s collapse, according to local power utility Tata Power Co. Ltd.

The city of 20 million people accounts for about 6% of the $2.9 trillion economy. While Mumbai has largely been immune to daily power outages that plague large swathes of the nation, a long and widespread blackout in the capital of India’s most industrialised state would make it harder for Prime Minister Narendra Modi to revive an economy that shrank 24% in the quarter ended June.

“In my 18 years in Mumbai, I haven’t come across such a widespread disruption right in the middle of the busiest time for equity markets,” said Chokkalingam G., chief investment officer at Equinomics Research & Advisory Ltd. in Mumbai, whose home still didn’t have power at 4:00 pm. “Especially during a pandemic a recurrence of such an event isn’t good.”

Power supply was restored to essential services such as trains and hospitals by about 2:00 pm, according to local authorities.

Here are the latest news updates on the Mumbai power cut situation:

  • Date of incident: 12.10.2020
  • Time of incident reported: 1015 hours
  • Incident reported by: BEST Supply Control
  • Incident : Power Failure Level- L0
  • Details: Electric power failure due to central grid failure of Tara Power at Kalwa. It will take 45 min to 1 hour to restore the supply.
  • Impact: (1) Failure of Electric Supply all over Mumbai City and suburbs; (2) Train traffic of all lines Central, Eastern & Western disrupted.
  • Source: BMC PRO

The BMC commissioner has told hospitals to maintain enough supply of diesel to run operations for at least eight hours. The disaster control and CE M&E are on standby, in case the power outage persists for more than one hour.

All payment and settlement systems are working normally, according to a person familiar with the matter. A banker working at a large private bank said the lender has moved to back up systems.

Stock exchanges BSE and NSE continue to function normally. BSE also carried out the listing ceremony for Mazagon Shipbuilders in the morning, an exchange spokesperson said.

“There is a power failure in south mumbai. Exchange is working normally. The listing ceremony was concluded successfully for Mazagon Shipbuilders today morning, the spokesperson said. “NSE is functioning normally, a spokesperson for the bourse said.

Many traders said the activity wasn’t much affected but if the outage is prolonged then it could impact trading volumes. “Some traders are facing issues” as they have limited battery backup, said Deepak Jasani, head of retail research at HDFC Securities Ltd. The power outage has also affected broadband connections for some and they’re not being able to trade, he added.

Bond traders said the outage is having an impact with trading volumes narrowing with the 10-year volumes at Rs 3,400 crore compared to Rs 5,000-6,000 crore. The yield on benchmark 10-year bonds fell two basis points to 5.91% while the S&P BSE Sensex was up 0.5% as of 10:45 am in Mumbai.

“NPCI would like to inform that all our systems are live and functioning normally, unaffected by the power failure in the region, a spokesperson for the National Payments Corporation of India said.

After a brief cut power has been restored at central office and most of our branches, CS Setty, managing director at State Bank of India, said. “Operations back to normal.”

According to Brihanmumbai Municipal Corporation,

  • Date of incident: 12.10.2020
  • Time of incident reported : 1015 hours
  • Time of Update reported : 1230 hours
  • Incident reported by: BEST Supply Control
  • Incident : Power Failure Level- L0
  • Details: Electric power failure due to Central grid failure at Kalwa.
  • Update : Power supply restored at Municipal Head Office, A ward , B ward, C Ward, D ward , H/W ward, R/C, S ward. Western Railway restored at 1220 hrs.

Most branches have seen power restored. Our ATMs have an hour's worth of backup power, which is why there was no major disruption in our network,” an HDFC Bank spokesperson said on Monday. “All operations are functioning normally now.”

Maharashtra Chief Minister Uddhav Thackeray has spoken with State Power Minister Nitin Raut and the BMC commissioner over grid failure in Mumbai and gave directions for its restoration as soon as possible, his office has said. ANI

Maharashtra Chief Minister Uddhav Thackeray has taken serious cognisance of the power outage in Mumbai Metropolitan Region and ordered an immediate probe into it.

State Energy Minister Nitin Raut also said the reasons behind the technical snag that caused power failure in parts of the MMR will be probed once the electricity supply is restored. Thackeray discussed the issue with Raut and asked him to make immediate efforts to restore supply in the MMR.

An official statement said Thackeray took serious note of the power outage and ordered an immediate probe into it.

Maharashtra Chief Minister Uddhav Thackeray has called for an “important meeting” at 4:00 pm at his official residence to discuss the power outage in Mumbai, his public relations officer has said.

According to Union Power Minister RK Singh, the Mumbai power outage was a result of problems with the state gpower rid, and the national grid is fine.

"We are sending a team from the central authority to Mumbai to sit down with state transmission authority and find out where the problem was and how it started," ANI quoted Singh as saying in a tweet. “There will be a discussion on the steps to be taken so it doesn't happen again."

"The power supply (in Mumbai) has been restored substantially—out of 2000 MW that went off, about 1900 MW has been restored, the remaining will be restored soon," he said. ANI

“All our office buildings have backup power for 24 hours and hence, centralised critical banking operations like treasury and capital market operations are not affected, Rohit Rao, chief communication officer at Kotak Mahindra Group, said. “There could be some delay for transactions emanating from branches, though many of our branches also have backup power and power supply is gradually getting restored in the city.”

A central team comprising officials from the Central Electricity Authority would be sent to Mumbai to study the power breakdown in the city on Monday and assist the state government in finding solutions to such situations, Press Trust of India quoted Power Minister RK Singh as saying in a report.

"A central team will visit Mumbai to identify problem and to find out possible solutions against such breakdowns," Singh said in a statement issued by the Ministry of Power on Monday evening. PTI

Maharashtra Chief Minister Uddhav Thackeray on Monday took serious cognisance of the power outage in the Mumbai Metropolitan Region and ordered an immediate probe into it.

State Energy Minister Nitin Raut also said the reasons behind the technical snag that caused power failure in parts of the MMR will be probed once the electricity supply is restored.

Thackeray discussed the issue with Raut and asked him to make immediate efforts to restore supply in the MMR.

An official statement said Thackeray took serious note of the power outage and ordered an immediate probe into it.

Source: PTI

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search