North India's Power Demand Rises 22% YoY Due to Heatwave: CRISIL

09 Jul 2024 CW Team

In June 2024, North India's power demand surged by 22 per cent compared to the previous year due to an extended heatwave, as reported by CRISIL Market Intelligence & Analytics (MI&A). The heatwave caused temperatures to rise 5-8?C above normal, leading to increased usage of cooling appliances and higher power consumption.

Other regions in India also experienced a rise in power consumption: the northeastern region saw an 8.3 per cent increase, the eastern region 7.8 per cent, and the western region 3.5 per cent. However, power demand in the southern states decreased by 5.1 per cent. Despite the early arrival of the southwest monsoon, 38 per cent of districts in India faced deficient rainfall between June 1 and July 4, which worsened the power demand situation. The northern region was particularly affected, with half of its 209 districts reporting deficient rainfall.

The report noted that Real-Time Market (RTM) volumes on the Indian Energy Exchange (IEX) in the northern region increased by 181 per cent in June. This significant demand spike was met with only an 8 per cent price increase, thanks to higher supplies from coal and gas plants. Nationally, power demand grew by 8 per cent year-on-year to 152 billion units (BU) in June, following a 14 per cent growth in May. Economic activity contributed to this rise, with the Purchasing Managers Index (PMI) increasing to 58.3 in June from 57.5 in May. Peak power consumption in June reached 245.41 GW, following a record high of 250 GW in May.

The report also highlighted a booming short-term power market, with RTM volumes rising by 20 per cent year-on-year in June. This increase indicates the growing need for immediate power delivery during sudden high demand periods. RTM volume share on the IEX climbed to 30 per cent in June, up from an average of 23 per cent since its inception in June 2020.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..