The lockdown to contain the spread of coronavirus has resulted in sharp decline in the energy demand owing to the continuing industrial and commercial shutdown.
The revenue of UP Power Corporation Limited and its four subsidiaries is expected to be adversely affected and this will further worsen their already precarious financial condition.
At a pan-India level, the power demand has already fallen by more than 20 per cent to 1,21,937 megawatt from 1,54,045 MW.
All-India Power Engineers Federation (AIPEF) chairmen Shailendra Dubey said the energy demand had fallen considerably in the country, and this posed a serious challenge to the commercial viability of these discoms, most of which are state owned and operated.
