India's peak power demand fell 5.3% in August to 217 GW, marking the first decline in 15 months.

India's peak power demand fell to 217 GW in August, a 5.3% decrease from 238 GW a year earlier, marking the first decline in 15 months, according to a Crisil report. Despite 7% excess rainfall, electricity demand dropped to 144 billion units. Hydropower generation increased by 7.6%. The report forecasts a 6.5-7.5% growth in power demand for FY25, driven by heat waves and insufficient rainfall in northern regions.

September 10, 2024
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