Sector Update – India’s Power Demand Crosses 200GW Milestone: ICICI Securities

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.

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.

Click on the attachment to read the full report:

ICICI Securities Power Sector Update.pdf


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.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button