Indian Power Sector - Electricity Demand Growth Revised Upwards To 8.0-8.5% For FY22 From 6.0% Earlier: ICRA

Indian Power Sector - Electricity Demand Growth Revised Upwards To 8.0-8.5% For FY22 From 6.0% Earlier: ICRA

Inside a thermal power plant in India (Photographer: Kuni Takahashi/Bloomberg) 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICRA Research Report

The electricity demand growth estimate for FY22 is revised upwards to 8.0 - 8.5% from 6.0% earlier, led by the faster than expected recovery in demand post Covid-19 second wave and the favorable base effect.

Nonetheless, any emergence of potential third Covid-19 wave and consequent lockdown restrictions remains a monitorable.

The all-India thermal plant load factor level is estimated to show a modest improvement to about 58.5-59.0%, against an earlier estimate of 57.0-58.0% in FY22 from 54.5% in FY21.

Notwithstanding the recovery, the all India average thermal PLF level is estimated to remain subdued, at below 60.0%.

Click on the attachment to read the full report:

ICRA Power Sector - Demand Outlook & DISCOM Performance - October 2021.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES