05-03-2024 10:32 AM | Source: Accord Fintech
Peak power demand in country estimated to rise by 7% to 260 GW this summer: Ghanshyam Prasad

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

Central Electricity Authority Chairperson Ghanshyam Prasad has said that peak power demand in the country is estimated to rise by 7 percent year-on-year to 260 GW this summer. The peak power demand during the summer of 2023 touched 243 GW against a projection of 229 GW.

The power ministry had estimated the country's electricity demand to touch 229 GW during summers in 2023, but it did not reach the projected level in April-July due to unseasonal rainfall. Peak supply, however, touched a new high of 224.1 GW in June before dropping to 209.03 GW in July.

Peak demand touched 238.82 GW in August 2023, while it was 243.27 GW in September, 222.16 GW in October, 204.77 GW in November, 213.79 GW in December 2023, and 222.73 GW in January 2024. Power consumption was affected in March, April, May and June last year due to widespread rainfall. The power consumption grew in August, September and October, mainly due to humid weather conditions and also a pick-up in industrial activities ahead of the festive season.