Ind-Ra maintains ‘neutral’ outlook for power sector; demand growth to bounce back to normal in FY23
India Ratings and Research (Ind-Ra) has maintained a “neutral” outlook for the power sector for FY23 and expects the demand growth to rejuvenate to a normal level of 6 to 7 per cent in the next fiscal.
“India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the power sector for FY23, as it believes the overall plant load factor (PLF) of thermal power plants would continue to improve and reach closer to 60 per cent in FY23,” Ind-Ra said in a statement.
The improvement in PLF is largely due to the consistent growth in power demand and continued dependence on coal-based generation in the absence of a major increase in the capacity additions to any other sector, except renewables, it said.
