LONDON, Dec 20 (Reuters) – India has been one of the
strongest sources of global energy consumption growth in 2022 as
the country’s economy rebounded from the disruption and
lockdowns caused by the coronavirus pandemic in 2020 and 2021.
But the economy is already slowing under pressure from
rising global interest rates and the slowdown in trade volumes,
which will likely translate into slower growth in energy
consumption in 2023:
* Electricity generation in the first nine months of the
year
amounted to 1,067 billion kilowatt-hours (kWh) up from 994
billion kWh in the same period in 2021 and 956 billion kWh
before the pandemic in 2019.
* Generation has rebounded so fast it is now less than 1.5%
below
the pre-pandemic trend for 2015-2019, based on data from India’s
Central Electricity Authority.
* Petroleum consumption rose to a record 201 million tonnes
in the
first eleven…
