India s power demand is expected to rise by 7-8% in Q2 2024 due to robust industrial activity, GDP growth, and above-normal temperatures. The rating agency believes this demand will be met through larger operating capacities, adequate coal inventory, and higher utilization of gas-based plants. The Indian Ministry of Power has directed both gas-based and imported-coal-based power stations to maintain availability to meet the anticipated demand.
The capacity utilisation of thermal power plants will increase by a percentage point to 69 per cent in 2024-25, led by the growth in electricity demand and limited thermal capacity addition, says rating agency ICRA.
India s domestic power demand is expected to rise by 7% in 2023-24 due to robust industrial activity, according to Fitch Ratings. The report also predicts that receivable days for Fitch-rated gencos will further shorten in the near term. The strong power demand should keep the average thermal power plant load factor above 60%
The reasons for the dismal stocks range from low production due to monsoons, supply issues due to logistical constraints, and robust power demand even at night. But the situation is likely to improve from the end of this month thanks to higher production
India Electricity Generation: The surge in electricity generation is being propelled by robust demand, spurred by population growth, urbanization, and increased needs in construction, manufacturing, and services sectors.