Mumbai Power Outage Live: Power Supply Restored In Most Areas, For Local Trains
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:
Chief Minister Orders Probe
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.
Power Ministry To Send Central Team To Study Mumbai Power Outage
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
Kotak Mahindra Bank's Operations Not Affected By Mumbai Power Outage
“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.”
National Grid Fine, Problem At The State-Level, Union Power Minister Says
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
Mumbai Power Outage: Uddhav Thackeray Calls For A Meeting At 4:00 PM Today
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.