Covid-19 second wave can hit energy demand in April-June quarter, says report

Restrictions following the second wave of the Covid-19 pandemic could impact energy demand growth recovery in the first quarter of this financial year, India Ratings and Research (Ind-Ra) said.

The ratings agency has published the April 2021 edition of its credit news digest on India’s power sector.

The report highlights the trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent rating actions by Ind-Ra.

Ind-Ra said the lockdowns on account of an increase in Covid-19 cases in various states could impact energy demand growth recovery in Q1 FY22 (April-June 2022),