In an indication of Indian economy’ recovery, state run NTPC Group registered a 3.8% increase in electricity generation during April to December, as compared to the corresponding period last fiscal.
After electricity demand was severely hit by the coronavirus pandemic, India’s largest power generation utility on Monday also registered its highest daily gross electricity generation of 1009 million units.
This assumes significance as the Indian economy has been severely hit by the coronavirus pandemic. Energy consumption, especially that of electricity and refinery products, is usually linked to overall demand in the economy.
Power and new and renewable energy minister Raj Kumar Singh had earlier said that India’s electricity demand has risen, with December’s daily consumption in excess of 5-10 gigawatt (GW) when compared to last year.
The development also comes in the backdrop of other economic indicators such as refineries, GST collections, and railway freight witnessing a revival.
“We have weathered corona well and the entire system is out of it and demand is increasing,” Singh told Mint in an earlier interview.