ICRA maintains stable year end outlook for conventional power sector


ICRA maintains stable year end outlook for conventional power sector

ICRA has estimated a healthy 6% demand growth for the power sector during FY2019 and has maintained a stable outlook for the segment. This coupled with the slowdown in addition of new capacity and slow progress in resolution of stressed thermal assets would enable a steady improvement in the utilisation of the existing capacity.

If demand growth of 6% sustains over the next three years, utilisation of the thermal capacity would improve to about 63% in FY2020 and further inch upwards to to about 67% by FY2022.

During the seven months of FY2019, national power demand growth has remained at a steady 6.5% which is higher than the 5.5% reported in the first seven months of FY2018 and the full year growth of 6.2% reported in FY2018. Read More

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