{"id":379256,"date":"2020-10-19T11:01:59","date_gmt":"2020-10-19T05:31:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379256"},"modified":"2020-10-19T11:01:59","modified_gmt":"2020-10-19T05:31:59","slug":"q2fy21-preview-significant-recovery-for-the-power-sector","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/q2fy21-preview-significant-recovery-for-the-power-sector\/","title":{"rendered":"Q2FY21 preview: Significant recovery for the power sector"},"content":{"rendered":"<p>Power demand recovered significantly in Q2FY21 resulting in improved thermal PLFs and subsequently higher offtake from Coal India (CIL). H1FY21 generation was lower, only 8.7% y-o-y (vs -16.4% in Q1FY21) and thermal PLFs improved 300bps from Q1FY21 to 49.6%. Peak demand reached 176.6GW on 18th Sep\u201920 (lower only 3.9% from FY20 levels of 183.8GW). This resulted in CIL registering 9.6% y-o-y growth in Q2FY21.<\/p>\n<p>Opening up of the economy helped improve collections for discoms and further disbursal through PFC\/REC scheme is expected to ease the receivables situation in coming months. This, combined with two other eagerly awaited developments \u2013 passing of Electricity Amendment Act and National Tariff Policy \u2013 are expected to result in sector re-rating. NTPC and Coal India are our top picks in the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power demand recovered significantly in Q2FY21 resulting in improved thermal PLFs and subsequently higher offtake from Coal India (CIL). H1FY21 generation was lower, only 8.7% y-o-y (vs -16.4% in Q1FY21) and thermal PLFs improved 300bps from Q1FY21 to 49.6%. Peak demand reached 176.6GW on 18th Sep\u201920 (lower only 3.9% from FY20 levels of 183.8GW). This resulted in CIL registering 9.6% y-o-y growth in Q2FY21. Opening up of the economy helped improve collections for discoms and further disbursal through PFC\/REC scheme is expected to ease the receivables situation in coming months. This, combined with two other eagerly awaited developments \u2013 passing [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-379256","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379256"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379256\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}