Power demand to fall in H2, gencos’ receivables to go up: Fitch Ratings

Growth in the country’s power demand is likely to slow down in the second half of the financial year ending March 2023 (H2FY23), after a robust 11.3 per cent year-on-year (YoY) growth in the first half of the year (H1FY23), Fitch Ratings said in a report released on Tuesday.

Estimates by Fitch and power analysts Business Standard spoke to suggest that the second half of the year could see power demand grow in the region of 7-8 per cent versus the corresponding period last year. For the full year of FY23, Fitch analysts Geetika Gupta and Girish Madan say that power demand will grow in the region of 8 per cent versus 8.2 per cent seen in FY22.