India’s Power Squeeze Puts Grid Upgrades in the Spotlight

India’s electricity shortfall hit 560 million kilowatt-hours in September, its highest level since August 2023, as El Niño and industrial demand pushed consumption higher. Generation rose 11.3% year on year to 174.17 billion kWh, but the gap still widened—an uncomfortable reminder that adding supply and keeping the lights on are not the same job.

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