Southern India is leading power consumption growth in the country. Electricity usage in the region’s five states and the Union territories of Puducherry and Lakshadweep grew 8.8% in April-November 2016, shows data compiled by Motilal Oswal Securities Ltd.
Comparatively the country as a whole has seen a growth of 5.1% during the period.
Consumption is high in states where rainfall is low. Tamil Nadu, which has been declared drought-hit by the state government, saw a 12% rise in electricity usage.
Karnataka, which also saw scanty rains, has seen a 10% rise in power usage, points out Motilal Oswal, citing data from Central Electricity Authority. Read More…
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