ICRA Forecasts Stable Thermal PLF and 6% Power Demand Growth for FY2025
25 Jun 2024
2 Min Read
CW Team
ICRA, a credit rating agency, has forecasted stable Plant Load Factor (PLF) for thermal power plants and expects a 6% growth in electricity demand for the fiscal year 2025. This projection reflects cautious optimism amidst ongoing efforts to stabilize and expand India's power sector amid various economic and regulatory challenges.
According to ICRA's analysis, thermal power plants are likely to maintain stable PLF levels, indicating consistent operational efficiency and utilization rates. This stability is crucial for ensuring reliable electricity supply to meet the growing energy needs of industrial, commercial, and residential consumers across the country.
The anticipated 6% growth in power demand signals recovery and growth in electricity consumption, driven by economic revival, industrial expansion, and increased consumer spending. ICRA's projections consider factors such as improved electricity access, infrastructure development, and government initiatives promoting sustainable energy sources.
Despite the challenges posed by the COVID-19 pandemic and global supply chain disruptions, India's power sector is poised for growth supported by policy measures, investments in infrastructure, and technological advancements. ICRA's outlook underscores the resilience of the thermal power segment and its role in meeting the nation's energy requirements.
Looking ahead, ICRA emphasises the importance of continued investments in power generation, transmission, and distribution infrastructure to sustain growth momentum and ensure energy security. The agency's forecasts provide valuable insights for stakeholders in planning and executing strategies to enhance efficiency and reliability in India's evolving power landscape.
ICRA, a credit rating agency, has forecasted stable Plant Load Factor (PLF) for thermal power plants and expects a 6% growth in electricity demand for the fiscal year 2025. This projection reflects cautious optimism amidst ongoing efforts to stabilize and expand India's power sector amid various economic and regulatory challenges.
According to ICRA's analysis, thermal power plants are likely to maintain stable PLF levels, indicating consistent operational efficiency and utilization rates. This stability is crucial for ensuring reliable electricity supply to meet the growing energy needs of industrial, commercial, and residential consumers across the country.
The anticipated 6% growth in power demand signals recovery and growth in electricity consumption, driven by economic revival, industrial expansion, and increased consumer spending. ICRA's projections consider factors such as improved electricity access, infrastructure development, and government initiatives promoting sustainable energy sources.
Despite the challenges posed by the COVID-19 pandemic and global supply chain disruptions, India's power sector is poised for growth supported by policy measures, investments in infrastructure, and technological advancements. ICRA's outlook underscores the resilience of the thermal power segment and its role in meeting the nation's energy requirements.
Looking ahead, ICRA emphasises the importance of continued investments in power generation, transmission, and distribution infrastructure to sustain growth momentum and ensure energy security. The agency's forecasts provide valuable insights for stakeholders in planning and executing strategies to enhance efficiency and reliability in India's evolving power landscape.
Next Story
unWOOD transforms plastic waste into durable wood alternative
unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood鈥攚ithout the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. 鈥淎ny application that introduces plastics into areas where it cannot be..
Next Story
H盲fele launches Matrix undermount runners range
H盲fele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..
Next Story
India's first AI-integrated campus announced in Noida
Yashoda Hospital and Bhutani Infra have announced plans to develop India鈥檚 first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel鈥攁ll operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..
