Coal power plants thriving at 65% PLF despite record RE capacity addition, says CRISIL
Plant load factors (PLFs) of coal-based power plants in India will improve to ~65 per cent this fiscal despite record renewable energy (RE) capacity addition, said a report by CRISIL Ratings. Healthy PLFs, it added, along with lower receivables and encouraging fuel supply will support the credit profiles of private coal-based generating companies (gencos).
The report further stated that over the past two fiscal years, demand for electricity has seen an annual growth of 8-9 per cent, driven by the post-pandemic economic rebound. During this period, 34 gigawatt (GW) of capacity has been added with 90 per cent of it in RE.
