Icra raises FY22 power demand growth outlook to 8.5%

Analysts at rating agency Icra have revised the country’s energy demand growth outlook for the ongoing fiscal upward to 8.5% on a year-on-year (y-o-y) basis, from 6% estimated earlier.

The expectation of higher power demand growth is based on electricity requirement rising 12.7% y-o-y in the first six months of the fiscal. Power demand in April-September 2021 was 2.9% higher than the corresponding period in FY20, when there was no impact of Covid-19.