Covid to shrink power sector growth, take discoms back to pre-UDAY era

The Covid-19 pandemic will have a wider impact on the country’s power sector in the current financial year with the acute slowdown witnessed in the first quarter period continuing well into the year affecting both demand and supply.

The nationwide lockdown to contain the Covid-19 outbreak has already significantly impacted economic activity, leading to a 17% yoy fall in the Q1FY20 power demand. As per analysts, though demand may pick up after some degree of normalcy in economic activity gets restored, still power demand will decline 8.0% yoy in FY21 on a steep fall in revenue generating commercial and industrial demand.

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