India`s power consumption grows 9.4% in April-October period of FY24
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Power ministry in its latest data has showed that India's electricity consumption grew 9.4 per cent to around 984.39 billion units in the April-October period of FY24 as compared to a year ago mainly due to improvement in economic activities and weather conditions. Power consumption in the April-October period in fiscal year 2022-23 was 899.95 billion units.
According to the data, another indicator, peak power demand, was also higher at nearly 241 GW during the April-October period this fiscal against 215.88 GW in the same period in 2022. The country's power consumption grew nearly 22 per cent to 138.94 billion units (BU) in October 2023, showing a surge in electricity demand due to festivities and increased economic activities. In the same month a year ago, power consumption stood at 113.94 BU, higher than 112.79 billion units recorded in October 2021.
The power ministry had estimated the country's electricity demand to touch 229 GW during summer. The demand did not reach the projected level in April-July due to unseasonal rain. The peak power demand, however, touched a new high of 224.1 GW in June before dropping to 209.03 GW in July. The peak power demand touched 238.19 GW in August and reached a record high of about 240 GW in September this year.
