Hyderabad, June 27 -- India's electricity demand is expected to reach 4 trillion units (4,000 TWh) by 2035 due to industrial expansion, urban growth, and the electrification of transport, according to the latest report released by OmniScience Capital, a Global Investment Management firm.
Energy transition has become critical for a sustainable future, initiatives and policies such as Net-zero, 500 GW Renewable power target, EV adoption, Rooftop Solar push, and others are driving this transformation, the report stated.
By 2035, three transformative sectors- Electric Vehicles (EVs), Data Centers (DCs), and Railways are estimated to be the largest consumers of power, consuming a combined 500 TWh of electricity, accounting for around 12-13 per...