Team Blitz India
NEW DELHI: India will be able to meet its rising power demand, whichis expectedto grow at 7-8 per cent year on year (YOY) in April-June 2024, on the back of larger operating capacities, adequate coal inventory and higher utilisation of gas-based plants.
Fitch Ratings expects India’s power demand to rise by 7-8 per cent year over year in Q2 2024 due to robust industrial activity, strong GDP growth, and the Indian Meteorological Department’s (IMD) forecast of above-normal temperatures during the summer months.
“However, we believe much of this demand will be met through larger operating capacities, adequate coal inventory and higher utilisation of gas-based plants, which should mean minimal supply disruptions,” it added.
