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