SINGAPORE: Fitch Ratings expects India’s electricity demand to drop by 4 per cent during the financial year ending March 2021 given the expectations of only a gradual pick-up in economic activity since pandemic-related lockdowns were relaxed in June.
The fall in demand is likely to result in lower load factors, mainly for coal-based power plants. The weak demand along with higher coal inventory led to India’s coal imports falling by 22 per cent year-on-year in H1 20.
