India's power supply deficit hit 0.7% in FY2016-2017

It was the lowest since the government started monitoring in 1992.

India recorded a low power supply deficit of 0.7 percent in the financial year (FY) 2016-17. More than 1,134,631 million units of electricity were produced, which was 7,461 million units less than the targeted 1,142,092 million units, according to the Central Electricity Authority (CEA), according to Mercom Capital Group.

The supply deficit was 0.7 percent and the peak deficit stood at 1.6 percent. Compared to the FY2015-16, both the supply deficit and peak deficit dropped by 1.4 percent and 1.6 percent, respectively.

A senior official at the CEA told Economic Times that the deficit in FY2016-17 was lowest since the agency started maintaining the reports in 1992.

"The CEA estimated peak demand and energy requirements in the five-year period, 2017-2022, to be 235,317 MW and 1,611 billion units," Mercom Capital Group said.