POSOCO to make use of AI for demand forecasting: Chairman



POSOCO to make use of AI for demand forecasting: Chairman








outlookindia.com

1970-01-01T05:30:00+0530

New Delhi, Jul 24 (PTI) National electrical energy grid operator POSOCO chairman KVS Baba on Friday stated Artificial Intelligence (AI) is the subsequent good thing the state-owned agency plans to make use of for demand forecasting.

Baba was talking at a digital international workshop titled ”Power Utility Challenges throughout COVID-19 Pandemic” organised by Institute of Electrical and Electronics Engineers (IEEE) India Council and Power & Energy Society (PES) India Chapters Council with panelists from varied international locations, the Power System Operation Corporation (POSOCO) stated in an announcement.

The POSOCO chairman and managing director additionally pressured upon distribution firms (discoms) to make use of AI and derive patterns primarily based on this know-how.

“Demand forecasting is still a challenge but for system operator more forecast errors mean more reserves to be kept on our part to meet variables,” Baba stated within the assertion.

When requested about variation in renewable, the CMD stated that renewables are extremely unpredictable since sub-stations are usually not but extremely environment friendly by way of information logging.

Baba requested all the tutorial establishments to take initiative on their very own and go to state energy utilities and be part of fingers with them, ranging from discoms.

About the COVID-19 influence on the nationwide grid operator, Baba stated the pandemic helped to work extra effectively.

POSOCO is an entirely owned Government of India enterprise beneath the Ministry of Power. It was fashioned in March 2009 to deal with the facility administration features of Power Grid Corporation of India Limited however made a separate firm in January 2017.

It is accountable to make sure the built-in operation of the Grid in a dependable, environment friendly, and safe method. It consists of 5 Regional Load Despatch Centres (RLDCs) and the National Load Despatch Centre (NLDC). PTI KKS MKJ



Disclaimer :- This story has not been edited by Outlook employees and is auto-generated from information company feeds. Source: PTI


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