Powered by: Motilal Oswal
2/08/2023 12:45:21 PM | Source: Accord Fintech
Power consumption grows by 8.4% to 139 BU in July 2023
News By Tags | #857 #6508 #657

The government data has showed that the country's power consumption grew by 8.4 per cent to 139 billion units (BU) in July 2023 as compared to the same month last year. In the year-ago period, power consumption stood at 128.25 BU, higher than 123.72 BU in July 2021.

It also stated that the peak power demand met, which is the highest supply in a day, rose to 208.82 GW in July 2023. The peak power supply stood at 190.35 GW in July 2022 and 200.53 GW in July 2021. 

The power ministry had estimated the country's electricity demand to touch 229 GW during the summer season. But the demand did not reach the projected level in April-May this year due to unseasonal rains. Power consumption was affected in March, April, May and June this year due to widespread rains in the country.

 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here