India Ratings and Research (Ind-Ra) on Friday said the recovery in energy demand will continue despite COVID-19 led temporary blip.
India Ratings and Research (Ind-Ra) has published the May 2021 edition of its credit news digest on India's power sector.
The report highlights the trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent rating actions by Ind-Ra.
Ind-Ra estimates, as per a statement, the all-India energy demand would decline in May 2021 on a month-on-month basis, despite the peak summer season, and to remain below pre-pandemic levels.
This is on account of the continuation of COVID 19 led restrictions put out by certain states till May 31, 2021. With COVID cases peaking in May and announcements by certain states to open up from June, Ind-Ra expects energy demand to start recovering from June 2021.