RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2021-05-04 12:05:00

INDIA'S ENERGY DEMAND UPDOWN

INDIA'S ENERGY DEMAND UPDOWN

 

By Rajat Kapoor Managing Director - Energy, and Oil & Gas AWR Lloyd India Limited 

ENERGYCENTRAL -  Apr 23, 2021 - Power demand in the country, despite being severely hit by the pandemic which brought about strict Covid induced lockdowns that severely impacted industrial and commercial activity, did not fall substantially for the FY 21 (Apr 20 – Marc 21), and was down only 1% Y-o-Y from 1282 Billion Units (BU) to 1270 BU in FT 21(see chart).

India’s power demand 2020 - 2021

This is in severe contrast to crude consumption which fell 10.54% to 4.40 mn bopd from 4.91 mn bppd in 2019, as the demand for most petroleum products, with the exception of LPG, contracted last year.

Power demand bounced back sharply in 2H FY21;

Power demand in the country was heavily impacted during the Q1FY21 lockdown (bringing  all economic activity to a standstill), falling 15.5% Y-o-Y during Q1FY21 and 7.8% Y-o-Y during 1HFY21.

However, there has been a sharp uptick since the beginning of the unlocking phase and saw a 6.7% Y-o-Y surge in Q3FY21. This spurt in demand is led by improvement in economic activity and higher domestic usage of electricity, driven by enhanced connectivity and lesser load shedding. The overall fall in demand during FY21 has been capped at only ~1% yoy,

Power demand is expected to improve sharply in FY22 and witness a 12% growth, primarily led by economic recovery across the industrial and the commercial (office use) segments. This ties in with the general Indian economic growth, where GDP is expected to increase by 11% next fiscal. As per the CEA, peak power demand already reached a new record of 190GW in Jan 2021.

From FY23E, we expect the country’s base-case power demand to grow at a CAGR of 4.5% over FY23 -FY25

-----

This thought leadership article was originally shared with Energy Central's Generation Professionals Group. The communities are a place where professionals in the power industry can share, learn and connect in a collaborative environment. Join the Generation Professionals Community today and learn from others who work in the industry.

-----


Earlier:

INDIA'S ENERGY DEMAND UPDOWN
2021, April, 21, 14:40:00
INDIA ENERGY DEMAND WILL UP
India's crude imports fell 10.3% year on year to 201.5 million mt in 2020, or 4 million b/d, data from the Petroleum Planning and Analysis Cell showed, as oil products demand in 2020 posted negative growth for the first time in nearly two decades.
INDIA'S ENERGY DEMAND UPDOWN
2021, April, 16, 11:55:00
INDIA NEED HYDROGEN
The US was working with partners in India to launch a US-India Hydrogen Task Force under the US-India Strategic Energy Partnership initiative.
INDIA'S ENERGY DEMAND UPDOWN
2021, April, 16, 11:50:00
INDIA NEED HYDROGEN INFRASTRUCTURE
India would not only be pushing hydrogen in the transport sector, but would also expand its use to a range of sectors such as chemicals, iron and steel, heating and power.
INDIA'S ENERGY DEMAND UPDOWN
2021, April, 12, 09:55:00
INDIA'S COAL RECORD
India has stockpiled a record 132 million tonnes of coal – enough to run India’s power plants for two months – greatly exceeding the average of the previous five years,
INDIA'S ENERGY DEMAND UPDOWN
2021, April, 6, 13:55:00
INDIA'S ELECTRICITY PRODUCTION UP 8%
The state-owned Indian power utility NTPC has registered a +8.2% increase in electricity production in 2020/21 reaching 314 TWh (April 2020 to March 2021).
INDIA'S ENERGY DEMAND UPDOWN
2021, March, 29, 13:05:00
INDIA'S ENERGY CHANGES
The institutional framework in India attracts investments for its growing energy needs - private sector investments are allowed in coal mining, open up oil and gas retail markets.
All Publications »
Tags: INDIA, ENERGY, DEMAND
Chronicle:
INDIA'S ENERGY DEMAND UPDOWN
2021, October, 15, 09:25:00
NUCLEAR FOR CLIMATE ADAPTATION
Key global challenges such as climate change need to be addressed in an integrated, systemic and inclusive manner, and partnerships facilitate comprehensive and sustainable solutions bridging the gap between research and policy impact.
INDIA'S ENERGY DEMAND UPDOWN
2021, October, 15, 09:20:00
U.S. OIL INVENTORIES UP BY 6.1 MB TO 427.0 MB
U.S. commercial crude oil inventories increased by 6.1 million barrels from the previous week to 427.0 million barrels.
INDIA'S ENERGY DEMAND UPDOWN
2021, October, 15, 09:15:00
GERMANY ONSHORE WIND 1.5 GW
The auction for 1,492 MW of onshore wind capacity attracted 210 bids totalling 1,824 MW.
INDIA'S ENERGY DEMAND UPDOWN
2021, October, 15, 09:13:00
Ключевые компании водородной индустрии России и стран СНГ уже подтвердили участие
350+ руководителей, заинтересованных в развитии водородной энергетики из России и СНГ, уже подтвердили свое участие в международной конференции и выставке «Водород Россия и СНГ», которая пройдёт 20-21 октября 2021 в Москве.
INDIA'S ENERGY DEMAND UPDOWN
2021, October, 15, 09:10:00
TURKEY GHG EMISSIONS WILL DOWN BY 21%
To reach this 21% reduction goal, Turkey plans to raise its solar capacity to 10 GW and its wind capacity to 16 GW by 2030.
INDIA'S ENERGY DEMAND UPDOWN
2021, October, 14, 13:35:00
OIL PRICE: NEAR $84 AGAIN
Brent gained 67 cents, or 0.8%, to $83.85 a barrel. WTI climbed 62 cents, or 0.8%, to $81.06 a barrel.
INDIA'S ENERGY DEMAND UPDOWN
2021, October, 14, 13:30:00
СБАЛАНСИРОВАННЫЕ РЕШЕНИЯ РОССИИ
Что касается наших усилий по стабилизации мирового энергетического рынка, то да, у нас всё это происходит в довольно жёстком режиме: мы спорим друг с другом, отстаиваем свои позиции, но находим, до сих пор находили сбалансированные, приемлемые для всех сторон решения.
All Publications »