Power Annual Review August 2009

CRISIL Ltd.
August 31, 2009
288 Pages - SKU: CRSL2433736
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The global downturn that began in mid-2008 put an unceremonious brake on the economic growth of 8-9 per cent achieved in the past. This caused a cascading effect over the industrial growth and ultimately resulted in a lower growth of GDP at 6.7 per cent in 2008-09. The decline in demand resulted in IIP figures posting negative growth, which in turn led to a decline in demand for electricity. In 2008-09, the y-o-y demand growth for electricity stood at 4.7 per cent against an average growth of 9 per cent witnessed during the last 5 years. Supply, on the other hand was far lower than expected with only 30 per cent capacities added vis-à-vis the 11 GW of planned capacities in 2008-09. The resultant deficit situation accentuated with base deficit touching double digits (11 per cent) and peak deficit being at 11.9 per cent in 2008-09.


 

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