Power consumption in India is expected to rebound “strongly” to 1,431 terawatt-hours (TWh) by the end of 2022 after dipping to 1,271TWh in 2020, Fitch Solutions reported. 

By end-2030, consumption is forecast to rise to 2,171TWh, which will be driven by population increases and advances in rural development plans. India will likely record an average of 5.5% annual growth between 2022 to 2030. 

Fitch, however, noted a short-term downside risk to this comes as a third wave of COVID-19 infections due to the Omicron variant threatens India. 

Guest post from Asian Power