Power sector sees fresh spark in August: 3 big factors fuelling demand rebound
After a sluggish power demand and generation in May-July, the power sector saw signs of growth in August. According to a JM Financial report, the power demand grew by 4 per cent YoY, and power generation also saw a higher output across hydro and renewable segments.
JM Financial says that several factors contributed to the revival of power generation and demand in August. These include higher rainfall, a low base, and capacity addition.
