Weekly Power Sector Round up: 15th August 2020

A degree of rise in heat index resulted in 187MW increase in power demand

One degree rise in heat index corresponded to a 187MW rise in electricity demand during the lockdown measures imposed due to the COVID-19 pandemic. This was 6% higher than in 2019, an analysis by the Centre for Science and Environment (CSE) showed. This analysis focused on electricity demand and its correlation with weather data during the multiple stages of lockdown in Delhi.

The heat wave resulting in thermal discomfort in poorly designed buildings spiked peak demand. Increased dependence on air conditioning was the primary reason for the demand spike.

Rs 68k cr of loans disbursed under DISCOMs liquidity package

Up to Rs 68k cr worth of loans have been released under the Rs 90k cr liquidity package announced for DISCOMs as relief for the stresses in the sector on account of the COVID-19 pandemic.

The loans are to be co-funded by state run non banking finance firms, REC ltd. and Power Finance Corporation (PFC) in equal proportion. The loans are to be sanctioned in two equal tranches.