India’s power sector to reach USD 280 billion by FY30: Jefferies
According to a September report by Jefferies, India’s power generation and transmission sectors are expected to grow 2.2 times, reaching USD 280 billion between FY24 and FY30. This surge comes as the country enters a phase of capex-driven GDP growth, driving a rise in power demand. The report predicts a more than 7% annual growth in power consumption, with total generation capacity needing to increase from 442 GW in FY24 to 673 GW by FY30…