India’ electricity demand records a new high on Friday morning
NEW DELHI : In a strong indication of the much-awaited economic recovery, India’ power demand recorded a new high of 187.3 gigawatts (GW) on Friday morning.
This surpassed the previous all-time high electricity demand of 185.82 GW for the country that was recorded on 20 January (Wednesday). This also comes in the backdrop of Reserve Bank of India’ January bulletin stating a strengthening economic recovery and comparing the revival to a “phoenix-like” rise.
Energy consumption, especially that of electricity and refinery products, is usually linked to overall demand in the economy. The Friday’ record power demand comes in the backdrop of other economic indicators such as refineries, GST collections, and railway freight witnessing a revival. India’s peak demand in FY19 was 168.74GW.
