Power Distribution Companies (Discoms) face revenue losses of up to ₹ 30,000 crore as the COVID-19 lockdowns are extended, according to the Confederation of Indian Industry (CII).
“The Power sector, one of the essential services under the lockdown till May 3 is battling the twin issues of demand and liquidity compression. Latest data from POSOCO indicates that the total demand per week between March 23 and April 12 was approximately 18 billion unit (BU), compared to approximately 23 BU during the week of 9-15th March (before Janata Curfew and lockdown), 25-28 per cent reduction in demand,” a CII whitepaper titled Sustaining India’s Power and Renewable Energy Sector in the Wake of COVID-19 said.
