India’s energy demand grew 11.5 per cent year-on-year in October, the second consecutive month of increase, after declining over March-August 2020 to 109.6 billion units, according to India Ratings.
The research firm said in its monthly report that due to the further lifting of lockdown for economic activities, energy demand is steadily gaining momentum in northern and western regions.
The demand in the northern region increased by 12.9 per cent and by 18.9 per cent in the western region in September 2020. “Even though the energy demand has been recovering, the demand over April-October 2020 came in at 6.0 per cent y-o-y lower,” it said.
Electricity generation, excluding renewables, increased 8.9 per cent to 107.7 billion units in October 2020, as against 4.4 per cent in September, owing to 13.3 per cent growth in thermal generation, although hydro generation was lower 10.3 per cent.
On the other hand power generation from renewable sources in October increased 36.6 per cent to 10 billion units with a 27 per cent increase in solar and wind capacity In October 2020. Wind energy generation increased 75 per cent to 3.6 billion units, after registering a decline over the April-September 2020 period.
