IEA: India’s Power Demand To Grow At 6.3% Annually Through 2027

India’s electricity demand will grow at an average 6.3% annually over the next three years, above the 2015-2024 average growth rate of 5% due to a surge in cooling demand, the International Energy Agency has predicted. According to the IEA, India will  account for 10% of the total increase in global electricity demand by 2027. “Supported by rapid economic expansion and increasing electrification, India’s electricity demand is forecast to grow at a high rate of 6.3% annually from 2025 to 2027 on average,” said the agency.…