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
Latest posts by The Economic Times (see all)
- Power plant companies quote higher tariff in the latest round of auctions - April 19, 2019
- Essar Steel operation creditors question CoC over discrimination - April 18, 2019
- IOC eyes tieups for its improved lead-acid battery - April 18, 2019