‘COVID wave may hit energy demand in first quarter’
The Hindu
Low-base effect may lead to y-o-y growth: Ind-Ra report
Restrictions following the second wave of the COVID-19 pandemic could impact recovery in the growth in energy demand in the first quarter of this financial year, India Ratings and Research (Ind-Ra) said. In the April 2021 edition of its credit news digest on India’s power sector, the agency highlighted trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent rating actions by the ratings agency. Ind-Ra said lockdowns on account of an increase in COVID-19 cases in various States could impact energy demand growth recovery in April-June 2022. However, all-India energy demand is expected to be higher year-on-year due to the low base effect as the country was under a stricter lockdown during the same period in 2020.
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