Power demand expected to fall up to 6 pc in FY21: Icra

India’s electricity demand is likely to fall by up to 6 per cent this fiscal due to re-imposition of lockdown restrictions in many parts of the country, ratings agency Icra said on Monday.

According to Icra, all-India power demand in financial year 2019-20 was 1,291 billion units.

Earlier in April, the agency had estimated the fall would be a marginal 1 per cent.

With the re-imposition of lockdown restrictions in many parts across the country, the all-India electricity demand is likely to decline by 5 per cent to 6 per cent in FY21 over FY20, against the earlier estimate of 1 per cent de-growth made in April 2020, Icra said in a report.