Covid 2.0 restrictions to impact energy demand growth recovery: Ind-Ra
The lockdowns on account of an increase in Covid-19 cases in various states can impact all-India energy demand growth recovery in 1Q FY22 although demand is expected to be higher due to lower base effect, according to India Ratings and Research (Ind-Ra).
In March, the all-India energy demand was higher by 22.8 per cent year-on-year at 122 billion units. The early onset of summer season also contributed to the higher demand.
On the other hand, electricity generation increased 23.5 per cent to 118.6 billion units supported by 29.2 per cent growth in thermal generation although hydro generation fell 7.8 per cent.
