India’s power demand expected to rise by 8-10% in FY22: HDFC Securities
India’s electricity demand is now expected to rise in the range of 8-10 per cent during FY22, said HDFC Securities.
The brokerage house had earlier predicted a 12 per cent rise in power demand in FY22.
Accordingly, the downward revision of demand expectation is largely due to a prolonged winter and disruptions in demand caused by the rising corona cases in January 2022.
Notably, the overall demand has increased by 9.5 per cent on year-on-year (YoY) basis in the ‘YTDFY22’ period.
“The proposed Electricity Amendment Bill 2021 is now delayed as the Centre has dropped the DBT on power subsidies from the same, besides dropping the provision of creating a new Electricity Contract Enforcement Authority,” HDFC Securities said in a report.
