Covid-19 impact: Indian electricity demand to decline 1 per cent
The all-India electricity demand during financial year 2021 is likely to decline by about 1 per cent due to the coronavirus pandemic and the lockdown in its wake.
According to a power sector update by rating firm ICRA, the power distribution companies (Discoms) in the country are likely to take a ₹20,000-crore loss and are exposed to other possible downsides from any extension of the lockdown.
Outlining the power sector outlook at a web conference, ICRA researchers stated that thermal PLF is likely to decline to 54 per cent in FY2021 against 56 per cent in FY2020 in a base-case scenario.
