All-India electricity demand may grow 7 pc to 1,480 BU in FY23: Icra

The all-India electricity demand is expected to grow 7 per cent to 1,480 billion units (BU) in the ongoing financial year, according to Icra. In the preceding 2021-22 fiscal, the all-India power demand was at 1,380 BU, the ratings agency said on Monday.

“All-India electricity demand to remain healthy at over 7 per cent in FY23 despite growth slowdown post Q1 of this fiscal, and grow at 5-5.5 per cent in FY24,” Icra said in a report.