Indian electricity demand rose 7.4% in July but the proportion provided by thermal coal and gas was tempered by an increase in energy from wind and hydro sources, according to rating agency ICRA. Thermal plant load factor (PLF) fell to 55.5% in July from 60.7% in last July thanks to greater renewables generation, it added. However, thermal PLF was higher on a YoY basis compared with 54.3% June. ICRA sector head and VP Girishkumar Kadam said growth in demand was expected to continue, adding that research showed that thermal PLF remained sensitive to renewable power generation.
Indian electricity demand rose 7.4% in July but the proportion provided by thermal coal and gas was tempered by an increase in energy from wind and hydro sources, according to rating agency ICRA. Thermal plant load factor (PLF) fell to 55.5% in July from 60.7% in June thanks to greater renewables generation, it added. However, thermal PLF was higher on a YoY basis compared with 54.3% last July. ICRA sector head and VP Girishkumar Kadam said growth in demand was expected to continue, adding that research showed that thermal PLF remained sensitive to renewable power generation.