Despite all its woes, power sector set for a brighter 2019


Despite all its woes, power sector set for a brighter 2019

India’s thermal power sector has seen a turbulent 2018. While the industry continues to face challenges on all fronts — including drop in the price of renewable energy, shortage in coal supply and inability of State distribution companies to clear their dues — there are a few silver-linings too.

Analysts maintain that the power demand has grown by around 7 per cent in 2018 and the same pace is expected to continue going forward. The first half of 2019 could see even better growth given the upcoming general elections.

“Electrification of households will boost the demand and increasing penetration of consumer goods like airconditioners will drive growth,” said Divya Charen C, senior analyst at India Ratings (Ind-Ra). Read More

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