New Delhi, May 28 -- Investment Information and Credit Rating Agency (ICRA) on Wednesday, forecasted that electricity demand to grow by 6.0-6.5 per cent over next five years, supported by increasing adoption electric vehicles, the expansion of data centers and the development of green hydrogen segments.

"These three segments are expected to contribute to 20-25% of the incremental demand over the next five-year period from FY2026 to FY2030. The growth in demand for grid capacity is expected to be offset to some extent by the rising adoption of rooftop solar and off-grid projects, driven by schemes such as the PradhaThen Mantri Surya Ghar Yojana," said Vikram V, Vice President & Co-Group Head - Corporate Ratings, ICRA.

The EV segment is e...