India Ratings and Research (Ind-Ra) projects coal-based power will remain crucial for base load management in the medium term, despite strong renewable capacity additions. Thermal capacity additions are expected to accelerate in FY26, driven by demand expectations. Ind-Ra maintains a stable outlook for thermal, solar, and wind power projects, citing healthy performance and payment trends.
Thermal power will remain crucial for base load management amid RE capacity growth: Ind-Ra
Scroll