Icra, a credit rating agency, has forecasted a robust growth of 6-6.5% annually in India's power demand over the next five years. This surge in demand is fueled by the increasing adoption of electric vehicles, green hydrogen, and the expansion of data center capacity. The projection includes a significant generation capacity addition, expected to peak at 44 GW by FY2026, with renewable energy and thermal power playing crucial roles. The rise in demand from electric vehicles, green hydrogen, and data centers is anticipated to contribute significantly towards the incremental demand in the upcoming years. Additionally, Icra notes a positive trend in the thermal power segment, with renewable energy leading in capacity addition. The report also highlights the growing under-construction capacity in the thermal segment, standing at over 40 GW, showcasing a diverse landscape in India's power sector.