Higher generation capacity, gas-based plants to help meet India's high summer power demand: Fitch

India's power demand is expected to rise by 7-8% in Q2 2024 due to robust industrial activity, GDP growth, and above-normal temperatures. The rating agency believes this demand will be met through larger operating capacities, adequate coal inventory, and higher utilization of gas-based plants. The Indian Ministry of Power has directed both gas-based and imported-coal-based power stations to maintain availability to meet the anticipated demand.
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