Thermal Power Sector Update - Sufficient power for 2025F confirmed, limited CGM price rise
  • 30 Oct 2024
  • Sector Reports
Robust growth in power consumption to continue in 2025: In 9M 2024, power demand grew by 11.3% YoY (~3x of the growth rate in 2023). We raise our 2024F electricity consumption growth forecast to 10.0% YoY from 9.1% previously. We maintain our 2025F electr