Electricity 2024 report

• THE Electricity 2024 report was recently released by International Energy Agency.

Major India Specific findings

• India’s electricity demand will outpace China’s and have the world’s fastest growth rate by 2026.
• India’s annual average electricity demand growth is pegged at 5% over 2024-2026.
• Coal will meet 68% of India’s electricity needs in 2026.
• With China and India leading new nuclear reactor construction, Asia’s nuclear generation will exceed North America’s by 2026.
• The contribution of renewable energy (RE) generation remained relatively steady, constituting 21% of electricity generation in 2023.