The longer the seemingly unstoppable reflation rally continues, the more warning signs start to flash for Goldman Sachs Group Inc.—especially in stocks. Goldman is also positive on the Asia-Pacific region, especially China, with the firm returning to an overweight on Chinese stocks earlier this week on mounting evidence of strength in the economy. The state is estimated to have an evening peak demand of around 12,000 megawatts (MW), day peak demand of 8,000MW and solar peak demand of 4,000MW. But as evening sets in and generation from solar falls, utilization of coal power plants has to be ramped up to meet the evening peak demand. This swing in utilization of conventional plants will raise costs, warns WBERC.

Source: Mint March 15, 2017 20:03 UTC