Demand for electricity across India could rise 7% in FY23

14 Dec 2022 CW Team

According to Icra, the demand for electricity across the entire country is anticipated to increase 7% to 1,480 billion units (BU) in the current fiscal year.

The demand for electricity across all of India was 1,380 BU in the previous fiscal year 2021–2022.

Despite a slowdown in growth after the first quarter of this fiscal year, all-India electricity demand is expected to remain healthy at over 7% in FY23 and expand at 5-5.5% in FY24.

The predictions are based on the fact that during the first eight months of FY2023, during a severe heat wave in north and central India, the demand for power climbed across the country by 10.6% on an annual basis.

The average thermal PLF (plant load factor) level for gencos/IPPs (power generation companies/independent power producers) at the all-India level is improving as a result of rising energy demand and moderate capacity increase in the thermal segment.

Also read:
Govt to take steps to meet 230 GW peak demand in April 2023
CCI clears Tanweer Infrastructure's acquisition

Real Estate

15 Jan 2026

Six Flags Qiddiya City Opens as Saudi Arabia’s First Six Flags Park

AtkinsRéalis, in partnership with Qiddiya Investment Company, has delivered Six Flags Qiddiya City, marking the opening of Saudi Arabia’s first Six Flags theme park and the first Six Flags destination built entirely outside North America. The park is the first of 70 major assets planned within Qiddiya City and represents a key milestone in the Kingdom’s Vision 2030 strategy to develop globally competitive leisure and tourism destinations.The opening ceremony, held under the patronage of HRH Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Province, marks the first major attracti..

German Chancellor Visits Bosch India Campus in Bengaluru

Strengthening the long-standing partnership between India and Germany, Friedrich Merz, Federal Chancellor of the Federal Republic of Germany, recently visited the Bosch campus at Adugodi, Bengaluru, during his India trip. The delegation was hosted by Guruprasad Mudlapur, President of the Bosch Group in India and Managing Director, Bosch Limited, who showcased key innovations developed in the region.During the visit, the delegation experienced Bosch’s H2ICE demonstrator truck featuring a fully integrated powertrain and telematics system. Bosch India, in collaboration with Bosch Germany, is ad..

ICC, Maharashtra Sign MoU to Boost Industry Engagement

The Indian Chamber of Commerce (ICC) and the Government of Maharashtra recently signed a Memorandum of Understanding (MoU) to enhance cooperation and deepen engagement between Indian businesses and the State, with a focus on investment facilitation, ease of doing business and sustained industry–government dialogue.The MoU was signed by Dr P Anbalagan, IAS, Principal Secretary (Industry, Investment and Services), Government of Maharashtra, and Dr Rajeev Singh, Director General, ICC, in the presence of leading business representatives.Speaking on the occasion, Dr Anbalagan said the partnership..