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Power capacity addition takes a hit during FY 2021
April 21, 2021
Renewable energy sector builds a strong project pipeline
The overall power capacity addition during financial year 2021 has taken a hit due to the Covid-19 pandemic. While the net conventional power capacity addition in FY 2021 stood at about 3 GW as against 4.5 GW YoY, the renewable energy power addition in the first 11 months of FY21 was at 6GW as against 9.5GW in the previous fiscal.
There has been a steady upstick in peak demand in the country with the average peak demand in March 2021 recorded a 2-year CAGR of 6 per cent, with thermal generation growth at the same level, according to a Power Sector update from Emkay Global.
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