• Even as the power demand was rising in the first two months of 2020, the lockdown as a result of the Covid-19 outbreak has reversed the trend.
  • Energy consumption has declined by 21-22% to 2,628 GWh since the second week of March, when the lockdown was announced, as per a report by brokerage firm Emkay.
  • India has enough reserves of limestone to enable thermal power plants to install flue gas desulphurization (FGD) systems by 2022 in order to meet the new emission norms for the sector, says a new report released by Centre for Science and Environment (CSE).
  • Eight core sector industries recorded a growth of 5.5 % in February, highest in 11-months, mainly due to healthy expansion in output of coal, refinery products and electricity, according to a government data. The eight core sector industries had expanded by 2.2% in February last year.
  • For April-February period, the eight sectors growth rate declined to 1% as against 4.2% in the same period last year.
  • Fitch Solutions has revised India’s FY2020-21 (April–March) real GDP growth forecast to 4.6%, from 5.4% previously, against FY2019-20’s estimate of 4.9%. This is due to weaker private consumption and contraction in investment amid coronavirus outbreak, costing economies around the globe.
  • Power demand has fallen 30% since the start of the lockdown on March 25, compared to a year ago, and may fall further, forcing 65 GW of capacity to back down. Most of the industrial and commercial demand has vanished as markets, and offices are shut, and trains have been cancelled.
  • Daily power demand dipped to an average 112 GW, lowest in at least six years, from 160 GW a year ago.
  • Coal India’s production in the ongoing fiscal is likely to fall short of the target even as the public sector miner has stepped up production to mitigate the challenges of excessive rain and low demand.
  • The public sector miner has produced 517.78 million tonnes (mt) of coal in the first 11 months of 2019-20. It had to produce 142.22 mt in March at an average of over 4mt per day to meet the target. The company has averaged around 2.56 mt per day in March.
  • According to sources, till March 28, coal production was around 591mt and the miner is likely to produce around 12 mt, taking the production for the fiscal to around 602-603 mt, which is less than 607 mt produced last year.