ICRA Forecasts Stable Thermal PLF and 6% Power Demand Growth for FY2025
POWER & RENEWABLE ENERGY

ICRA Forecasts Stable Thermal PLF and 6% Power Demand Growth for FY2025

ICRA, a credit rating agency, has forecasted stable Plant Load Factor (PLF) for thermal power plants and expects a 6% growth in electricity demand for the fiscal year 2025. This projection reflects cautious optimism amidst ongoing efforts to stabilize and expand India's power sector amid various economic and regulatory challenges.

According to ICRA's analysis, thermal power plants are likely to maintain stable PLF levels, indicating consistent operational efficiency and utilization rates. This stability is crucial for ensuring reliable electricity supply to meet the growing energy needs of industrial, commercial, and residential consumers across the country.

The anticipated 6% growth in power demand signals recovery and growth in electricity consumption, driven by economic revival, industrial expansion, and increased consumer spending. ICRA's projections consider factors such as improved electricity access, infrastructure development, and government initiatives promoting sustainable energy sources.

Despite the challenges posed by the COVID-19 pandemic and global supply chain disruptions, India's power sector is poised for growth supported by policy measures, investments in infrastructure, and technological advancements. ICRA's outlook underscores the resilience of the thermal power segment and its role in meeting the nation's energy requirements.

Looking ahead, ICRA emphasises the importance of continued investments in power generation, transmission, and distribution infrastructure to sustain growth momentum and ensure energy security. The agency's forecasts provide valuable insights for stakeholders in planning and executing strategies to enhance efficiency and reliability in India's evolving power landscape.

ICRA, a credit rating agency, has forecasted stable Plant Load Factor (PLF) for thermal power plants and expects a 6% growth in electricity demand for the fiscal year 2025. This projection reflects cautious optimism amidst ongoing efforts to stabilize and expand India's power sector amid various economic and regulatory challenges. According to ICRA's analysis, thermal power plants are likely to maintain stable PLF levels, indicating consistent operational efficiency and utilization rates. This stability is crucial for ensuring reliable electricity supply to meet the growing energy needs of industrial, commercial, and residential consumers across the country. The anticipated 6% growth in power demand signals recovery and growth in electricity consumption, driven by economic revival, industrial expansion, and increased consumer spending. ICRA's projections consider factors such as improved electricity access, infrastructure development, and government initiatives promoting sustainable energy sources. Despite the challenges posed by the COVID-19 pandemic and global supply chain disruptions, India's power sector is poised for growth supported by policy measures, investments in infrastructure, and technological advancements. ICRA's outlook underscores the resilience of the thermal power segment and its role in meeting the nation's energy requirements. Looking ahead, ICRA emphasises the importance of continued investments in power generation, transmission, and distribution infrastructure to sustain growth momentum and ensure energy security. The agency's forecasts provide valuable insights for stakeholders in planning and executing strategies to enhance efficiency and reliability in India's evolving power landscape.

Next Story
Infrastructure Urban

Arya Omnitalk Powers India’s Toll Revolution with AI-Driven Solutions

Arya Omnitalk, a leader in intelligent transportation systems, is revolutionising toll collection across India’s national highways with its advanced AI-powered Toll Management Solutions. Designed for rugged remote toll locations, the company’s cutting-edge technology ensures seamless, reliable, and secure tolling—especially during high-capacity operations exceeding 200%. By integrating real-time analytics, cyber protection, and FASTag-based cashless tolling, Arya Omnitalk’s systems are significantly reducing congestion, improving transparency, and enhancing revenue assurance. Its full..

Next Story
Infrastructure Urban

Over 800 Join Anant Raj Runathon to Mark Earth Day

Over 800 participants came together at Anant Raj Estate, Sector 63A, Gurugram, for the Anant Raj Runathon 2025—a vibrant celebration of Earth Day through fitness, community bonding, and sustainability. Curated by renowned running coach Ravinder, the event featured four categories: 10-mile and 5-mile timed runs, a 5-mile walkathon, and a 1-mile kids’ run. Runners of all ages took to the green, scenic roads of the area—some chasing personal bests, others running for a cause. The Runathon was designed to promote healthy living while raising awareness about sustainable practices. Participa..

Next Story
Infrastructure Urban

PETRONAS Lubricants, Quaker Houghton Ink Strategic Deal

In a significant step towards strengthening industrial operations in India and Malaysia, PETRONAS Lubricants India Pvt. Ltd (PLIPL) and Quaker Houghton have announced a strategic partnership aimed at delivering high-performance industrial fluid solutions to key manufacturing sectors, including steel production. The collaboration combines the strengths of both companies—leveraging PETRONAS Lubricants India’s maintenance lubricant technologies and Quaker Houghton’s deep expertise in metalworking fluids. Starting from the second quarter of 2025, Quaker Houghton will begin offering PETRONAS..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?