The rating agency expected that the power demand in the country would grow by 5 to 6 per cent per annum over this period.
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The current heatwave, coupled with lower global spot LNG prices and a government push to prevent power supply disruptions during the election season, has boosted overall gas-fired power generation
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The healthy demand growth continued in the first two months of FY25 at over 10 per cent supported by a favourable base. The report stands validated by the record maximum power demand of 250 GW on 30 May, as declared by the Ministry of Power.
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As per the Ministry of Power, the Northern region also achieved a record demand met, reaching an all-time high of 86.7 GW on Thursday, while the Western region also touched its maximum demand met of 74.8 GW.
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