Power sector – Electricity consumption maintained a two digit growth in early months of 2024
- Electricity consumption in 2024 is projected to grow positively from the low base in 2023. We expect coal-fired and hydroelectric power plants to play an important role in the electricity generation.
- The development of power infrastructure and transmission networks will also carry on in 2024 to ensure that there is no risk of capacity shortages at the peak times. Accordingly, companies involved in consulting, design, construction, and material supply for these infrastructure projects are expected to see additional backlog in 2024
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