New Delhi, Sep 10 (IANS) India’s peak power demand is expected to fall to 217 GW in August from 238 GW a year ago, according to a report released on Tuesday.
According to a report by research agency Crisil, the country’s electricity demand fell by 5.3 percent year-on-year to 144 billion units (BU) in August. The decline in electricity demand is being seen at a time when August has received 7 percent more rainfall than the average.
Last month in July, there was a 6.7 percent increase in electricity demand on an annual basis. During the April to August period, there has been a 7 percent increase in electricity demand on an annual basis.
The estimated electricity generation in August 2024 is 155 BU. It has declined by 3 percent on an annual basis. Apart from this, coal and renewable energy have declined by 3 and 13 percent respectively.
However, due to good rains, hydropower generation has registered a growth of 7.6 percent. Earlier, hydropower generation had declined for two consecutive months due to less rains.
The report further said, “The moderation in power demand was observed across India. Power demand in North and West India declined by 10 per cent and 6 per cent, respectively, on an annual basis.”
The southwest monsoon reached all parts of the country in August. Due to this, the water level in 31 dams increased. This has led to an increase of one percent in hydropower generation.
The report further said that power demand is expected to grow by 6.5 to 7.5 per cent in FY25. This is due to changes in the weather, including the heatwave in the first quarter and less rainfall in July in northern India.
–IANS
ABS/ABM
