Union Budget 2023: Mainstreaming flexible and resilient grids
2023 is going to be a critical year for India, with the country taking up the G-20 presidency and this being the penultimate year for the next general elections. Thus, a slew of economic reforms could be expected.In the electricity sector, there have been several hits and misses in the past but the Indian growth story remains strong. The sector bounced back rather quickly post-Covid, particularly in terms of electricity demand that registered the highest ever daily peak of 212.6 GW in June’22, up 9% from the prior year and up 16% from pre-COVID-19 levels. The sharp increase in demand is a testimony to our growing economy as well as an indication of rising temperatures and climate change.To combat climate change, India has pledged to increas.....