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India's power demand to grow 7% annually
The Daily Guardian
|November 08, 2024
In FY25 alone, electricity consumption is expected to increase by 7.2 per cent year-on-year, reflecting consistent growth from the previous year's 7.1 per cent.
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Nomura has projected robust growth for India's power sector, anticipating a compound annual growth rate (CAGR) of over 7 per cent in electricity demand from FY24 to FY27.
According to Nomura, the surge is attributed to accelerating economic activity, greater electrification, and emerging demand from sectors like data centres, electric vehicle (EV) charging, and green hydrogen production.
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