ICRA revises energy demand growth outlook for FY22 upwards to 8.5%
The Hindu
The all-India electricity demand during the period from April 2021 to September 2021 has increased by 12.7%.
Energy demand growth outlook for 2021-22 has been revised upwards from 8% to 8.5% by ICRA.
As per ICRA, low base last fiscal and faster-than-expected recovery in demand after the second wave of COVID-19 seen in April and May 2021 have supported this outlook upgrade.
The all-India electricity demand during the period from April 2021 to September 2021 has increased by 12.7% to 707 billion units (BU) on a year-on-year (YoY) basis supported by a lower base, improvement in economic activity and lower than normal monsoons leading to higher demand from the agriculture segment during July and August 2021, an ICRA statement said.
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