India has raised by 5% its previous projection for peak electricity demand in the financial year 2031-2032, due to surging demand last year that outpaced the government’s forecasts, sources with knowledge of the latest forecast told Bloomberg on Monday. In the FY 2031-2032, between April 2031 and March 2032, India expects to have electricity demand surge to 384 gigawatts (GW), which is 5% higher than a previous government estimate from 2023. To compare, India’s peak power demand hit 243 GW last year, which surpassed…
