Power demand recovery to continue despite blip: Ind-Ra. DISCOMs’ outstanding dues to GENCOs fall 3% in March.
India’s utility scale solar installations decline 39% in FY 2021. 9000cr+ worth of renewable energy certificates sold in India till date.
India’s power consumption grows ~25% in the first week of May. Highest trade volume of 22.42BU reached on IEX in March quarter.
India’s power consumption grows 41% YOY in April. Average spot power price up 53% to Rs 3.70/unit in April at IEX.
Electricity generation falls 2.9% in second half of April. Lockdown constraints & second wave of COVID-19 downside risk for power demand: ICRA.