Hotter, drier weather to push India's power demand 6.5-7.5% this fiscal: Crisil
New Delhi, Aug. 11 -- India's power demand is estimated to rise 6.5-7.5 per cent year-on-year this fiscal to 1,825-1,835 billion units (BU), driven mainly by higher cooling requirements amid expectations of higher temperatures and lower rainfall due to El Nino conditions, according to a report by Crisil Intelligence.
The report said the rise in temperatures and a possible rainfall deficit are expected to increase the use of cooling equipment, putting further pressure on electricity demand.
It said the trend in peak power demand and the sensitivity of short-term electricity market prices to changes in temperature will remain key factors to watch.
It stated, "Power demand is estimated to rise 6.5-7.5 per cent on-year this fiscal to 1,825...
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