COVID second wave can hit power sector, will impact energy demand growth

New Delhi: Restrictions following the second wave of the COVID-19 pandemic could impact energy demand growth recovery in the first quarter of this financial year, India Ratings and Research (Ind-Ra) said. The ratings agency has published the April 2021 edition of its credit news digest on India’s power sector, According to PTI

The report highlights the trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent rating actions by Ind-Ra.
 

Ind-Ra states that, the lockdowns on account of an increase in COVID-19 cases in various states could impact energy demand growth recovery in Q1 FY22 (April-June 2022), although all-India energy demand is expected to be higher on a year-on-year basis due to the low base effect as the country was under a stricter lockdown during the same period in 2020.

Posted Date :  07-05-21