Sector Update - India's Power Demand Crosses 200GW Milestone: ICICI Securities
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ICICI Securities Report
On July 07, 2021, all-India peak power demand crossed the significant milestone of 200 gigawatt between 12-12:45PM.
In the past week, power demand has witnessed substantial growth due to a combination of factors including lockdown easing, hot weather conditions in Northern and Eastern regions, agricultural demand and higher supply by state discoms due to availability of low cost power on exchanges.
Significantly, demand for thermal power continues to be strong, being consistently more than 130GW in every 15-minutes interval (on real-time basis) since July 05, 2021.
Higher thermal demand is expected to further improve growth in coal offtake.
Renewable generation is peaking at 30-35GW during solar hours but remains substantially low and erratic during non-solar hours.
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