India has raised its forecast on peak electricity demand as energy consumption continues to outpace expectations, pushing the nation to expand its giant coal fleet.
Government officials now expect electricity demand to surge to a high of 384 gigawatts in the 12 months through March 2032, a 5 per cent increase on an estimate issued in May, according to people familiar with the details.
A review of forecasts was carried out after a sharp rise in demand last year, when searing temperatures prompted higher use of air conditioners and pumps for irrigation, said the people, who requested anonymity as they were not authorized to speak publicly.
