Thermal plants capacity utilisation may to improve to 65.1% in FY24: Icra

India’s total plant load factor (PLF) or capacity utilisation of thermal plants is expected to rise to 65.1 per cent this fiscal over 64.2 per cent in the preceding financial year (FY) 2022-23, according to Icra.

In its latest report, Icra projected the all-India thermal PLF level to improve to 65.1 per cent in FY2024 led by the growth in electricity demand and limited thermal capacity addition.

Its outlook for the thermal power segment is also stable, supported by the healthy improvement in the thermal PLF, coupled with the reduction in dues from state distribution utilities (discoms), following the implementation of the late payment surcharge (LPS) scheme, the ratings agency said on Wednesday.