Weekly Power Sector Round up: 5th September 2020

India’s power output falls 0.9% in August

India’s power output fell for the sixth straight month in August with the August power output seeing a 0.9% decline as compared to August 2019. This from a Reuters analysis of daily load despatch data from grid operator POSOCO.

The decline is narrower than the 1.8% seen in July and power output seems to be returning to previous year’s levels. However, economists expect India to remain in a recessionary phase this year with annual electricity demand expected to fall for the first time in over four decades.

Andhra Pradesh drops free power to farmers, to pay them directly

The Andhra Pradesh state cabinet approved the proposal to drop free power given to farmers and pay the subsidy directly to them.

CM YS Jaganmohan Reddy said farmers would get back every rupee they pay for power and that the decision was taken in line with the government’s proposal for reforms in the power sector. He also went on to say that free power would be guaranteed for the next 30 to 35 years.