#MintPrimer | India is consuming more #power than ever before. Domestic power demand hit record highs in both August and September.
What is fuelling this voracious appetite? And exactly how is the country planning to cope with it?
Mint finds out: livemint.com
What is fuelling this voracious appetite? And exactly how is the country planning to cope with it?
Mint finds out: livemint.com
#MintPrimer | Demand scaled new highs on three of the last four days of August this year. For the full month, power consumption grew 21% compared with August last year.
Read here: livemint.com
Read here: livemint.com
#MintPrimer | August was an unusually dry month with rainfall plummeting 33% below average, which neutralized the excess rainfall till July to a 9% deficit in August—the poorest in eight years.
Read here: livemint.com
Read here: livemint.com
#MintPrimer | #Power consumption typically peaks around April-May as temperatures soar above 40 degrees Celsius in northern and central India.
Later, as the monsoon sets in and temperatures drop, demand falls. This year is different.
Read here: livemint.com
Later, as the monsoon sets in and temperatures drop, demand falls. This year is different.
Read here: livemint.com
#MintPrimer | The biggest is industry, accounting for over 40% of power capacity, followed by domestic households (25%), agriculture (nearly 20%) and commercial establishments (10%).
Read here: livemint.com
Read here: livemint.com
#MintPrimer | Companies had geared up for a spike in April-May, which did not happen as the summer was benign. They were caught by surprise in August, which explains the rise in deficit. It has led to a sharp decline in coal stocks.
Read here: livemint.com
Read here: livemint.com
#MintPrimer | India is the third-largest consumer of power in the world and also one of the thirstiest. Consumption grew 8.4% in 2022. It’s tipped to grow 6.8% this year and 6.1% next year.
Read here: livemint.com
Read here: livemint.com
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