+
Ind-Ra: Covid 2.0 restrictions can hit energy demand growth recovery
ECONOMY & POLICY

Ind-Ra: Covid 2.0 restrictions can hit energy demand growth recovery

Credit rating agency India Ratings and Research (Ind-Ra) told the media that the lockdowns in different manufacturing states due to Covid-19 can affect all-India energy demand growth recovery in the first quarter of FY22 whereas demand is anticipated to be higher due to the lower base impact.

The early outbreak of summer has added to the higher demand of all-India energy as it was higher by 22.8% year-on-year (y-o-y) at 122 billion units.

The increase in energy demand and reduction in energy generation from hydro and renewable sources improved the thermal plant load factor (PLF) by 66.5%. The thermal sector's PLFs increased across the central, state, and private sectors by 80.4% in March.

The lockdown in major manufacturing states due to Covid-19 has affected the demand from industrial division, which in return impacted the thermal PLFs, said Ind-Ra.

Further, the agency added that the electricity production from renewable sources raised by 10.1% and solar generation increased by 21%.

The transmission line addition increased tremendously in the fiscal year 2021 and increased to 16,750 circuit km above and it was higher at 4,381 circuit km in March.

Ind-Ra is one of the India's most reputed credit rating agencies that provides ratings, research and rigorous analytics of the market in India.

Image Source


Also read: Impact of COVID-19 on the market of worldwide room air conditioners industry

Credit rating agency India Ratings and Research (Ind-Ra) told the media that the lockdowns in different manufacturing states due to Covid-19 can affect all-India energy demand growth recovery in the first quarter of FY22 whereas demand is anticipated to be higher due to the lower base impact. The early outbreak of summer has added to the higher demand of all-India energy as it was higher by 22.8% year-on-year (y-o-y) at 122 billion units. The increase in energy demand and reduction in energy generation from hydro and renewable sources improved the thermal plant load factor (PLF) by 66.5%. The thermal sector's PLFs increased across the central, state, and private sectors by 80.4% in March. The lockdown in major manufacturing states due to Covid-19 has affected the demand from industrial division, which in return impacted the thermal PLFs, said Ind-Ra. Further, the agency added that the electricity production from renewable sources raised by 10.1% and solar generation increased by 21%. The transmission line addition increased tremendously in the fiscal year 2021 and increased to 16,750 circuit km above and it was higher at 4,381 circuit km in March. Ind-Ra is one of the India's most reputed credit rating agencies that provides ratings, research and rigorous analytics of the market in India. Image Source Also read: Impact of COVID-19 on the market of worldwide room air conditioners industry

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code