• Stocks at power plants have touched 42.5 million tonnes, enough for generating power for 25 days, while at pitheads its is 64.5 million tonnes, good for almost 38 days.
  • Coal India Limited has extended the deadlines for submission of documents by successful bidders for its recently concluded short-term supply contract auctions while state-run e-commerce company MSTC has postponed a long-term coal supply contract auction scheduled for March 27 by more than one month. Both the auctions are for supplies to the power sector. Bidding for the long-term auction was postponed to April 16.
  • Moody’s Investors Service has more than halved India’s 2020 growth forecast to 2.5% within just three week of its previous downgrade to 5.3%
  • According to the Global Macro Outlook 2020-21, the 21-day lockdown would result in a sharp loss in incomes and further weigh on domestic demand and the pace of recovery
  • Peak power demand in the country declined by around 22% to 127.96 GW compared to 163.72 GW on March 20, showing the impact of lockdown amid COVID-19 outbreak. In actual terms, the power demand has come down by about 35 GW on March 25, 2020.
  • Renewable Energy projects under implementation will be given extension of time considering period of lockdown and time required for re-mobilisation of work force, Ministry of New and Renewable Energy (MNRE) Secretary Anand Kumar said.