+
Heatwaves in May see India's power demand at 156 billion units
ECONOMY & POLICY

Heatwaves in May see India's power demand at 156 billion units

India's power demand surged to an unprecedented 156 billion units (BU) in May 2024, driven by severe heatwaves and robust manufacturing activity, according to a report by CRISIL. This represents a significant year-over-year increase of approximately 15%. The peak electricity demand also set new records, reaching 250 gigawatts (GW) on May 30, fuelled by soaring temperatures that hit 50.5 degrees Celsius in Churu, Rajasthan, on May 29. 
The intense heat led to a substantial rise in the use of cooling equipment, contributing to the spike in power consumption. Additionally, strong manufacturing activity bolstered demand, with the Purchasing Managers" Index (PMI) comfortably exceeding the expansionary threshold of 50, recording 58.8 in April and 57.5 in May. This industrial vigor played a crucial role in the increased power demand from commercial and industrial sectors. 
Reflecting on these trends, a CRISIL analyst noted, "Power demand is likely to have grown about 13% compared with April-May 2023. Indeed, in May, power demand is estimated to have surged to around 156 billion units, logging a roughly 15% on-year increase."            

India's power demand surged to an unprecedented 156 billion units (BU) in May 2024, driven by severe heatwaves and robust manufacturing activity, according to a report by CRISIL. This represents a significant year-over-year increase of approximately 15%. The peak electricity demand also set new records, reaching 250 gigawatts (GW) on May 30, fuelled by soaring temperatures that hit 50.5 degrees Celsius in Churu, Rajasthan, on May 29. The intense heat led to a substantial rise in the use of cooling equipment, contributing to the spike in power consumption. Additionally, strong manufacturing activity bolstered demand, with the Purchasing Managers Index (PMI) comfortably exceeding the expansionary threshold of 50, recording 58.8 in April and 57.5 in May. This industrial vigor played a crucial role in the increased power demand from commercial and industrial sectors. Reflecting on these trends, a CRISIL analyst noted, Power demand is likely to have grown about 13% compared with April-May 2023. Indeed, in May, power demand is estimated to have surged to around 156 billion units, logging a roughly 15% on-year increase.            

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code