While the nationwide lockdown hampered economic activities and caused a dip in power usage as well, the demand for energy will boom in coming months as economic activities start with full force. “Any apprehension that that demand will go down just no longer holds water as of now.
I will say (the demand) will increase because the economy has not started full tilt as yet, and when it (does) … we are bound to grow,” Minister of Power and New and Renewable Energy RK Singh told The Indian Express in an interview. Further, the government will continue to push for Make in India in ramping up its renewable energy capacity despite it meaning a slowdown, if any, in adding to the country’s renewable capacity, he added. Meanwhile, the government is clear on its agenda to build power capacity and expects that it will not merely meet its target but also exceed it. “We believe that we have to switch over to renewables and we will not only meet our commitment, we will exceed it,” RK Singh said.
Expressing confidence in the power sector’s revival, RK Singh said that the power consumption has gone up in 2020 despite coronavirus pandemic and shutdowns in activities. “We are already where we were (last year), despite the fact that we know all industries have not opened fully and, despite the fact that, in many parts of the country, there are still restrictions,” he said.