All-India power demand to grow 7% in FY22: ICRA

The all India electricity demand is expected to witness a growth of upto 7% in FY2022 against an estimated decline of 2%–2.5% in FY2021, driven by a favourable base effect and likely recovery in demand from the commercial and industrial segments, ICRA Ratings has said.

As a result, the capacity utilisation of all-India thermal plants is likely to improve to 57%-58% in FY2022 from the estimated level of 53% – 54% in FY2021, although it still remains subdued, a statement issued by the ratings agency said.