The Covid-19 pandemic is set to shrink economic activity globally this year, with ripple effects across all sectors. The inherent weaknesses of India’s power sector are getting exacerbated in this scenario.
Demand shock: As commercial and industrial activity reaches a standstill across major parts of the world, power demand has plummeted. In India, demand is down by about a third, and this will lead to a disproportionate burden on the distribution companies, since higher priced commercial and industrial loads cross-subsidise residential power. In countries like Italy, ...
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First Published: Tue, April 14 2020. 22:53 IST
