CRISIL outlines faster power capacity addition than demand growth

by Sumit Walia on Wednesday 5 June 2013, 6:07 PM | Category: Press Releases| View: 826 views
 
 
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 Mumbai: Reviewing over the prevalent scenario in the country's power segment, Crisil Research outlines a faster growth in power capacity addition against the electricity demand. “The new capacity addition is happening at around 7%, while demand grows at 6.2%,” said the Research firm in its official statement.

As per the latest observations disclosed by CRISIL, the power demand growth is expected to remain at moderate levels of 6.2% due to the slowing demand growth from the industrial and commercial segments on account of muted GDP growth.

Commenting on the futuristic demand prospective, Prasad Koparkar, Senior Director, Industry & Customised Research at Crisil said, “In future, slow economic activity will restrict demand growth, despite an improvement in the financial position of state distribution companies with tariff increases and significant reduction in interest costs on implementation of the financial restructuring plan.”

CRISIL further believed that the plant load factor (PLF) of new domestic coal based will emain significantly lower, increasing only to 65-67% by 2016-17. The research firm credits slow demand growth and aggressive bidding, which will restrict the use of high-cost imported coal.

On the Behalf of : - http://www.epcworld.in/epcnews/crisil-outlines-faster-power-capacity-addition-than-demand-growth.aspx

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