• 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.
  • Global coal power plant development declined for the fourth year running in 2019, while a total of 13 gigawatts (GW) of capacity construction has been delayed so far this year due to the coronavirus, research by environmental organisations.
  • The annual survey of the global coal plant pipeline by Global Energy MonitorGreenpeace International, the Sierra Club and the Centre for Research on Energy and Clean Air showed a 16% drop last year in capacity under construction and development.
  • India’s crude steel output increased by 1.5% to 9.56 million tonnes in February this year against 9.42 million tonnes steel in the same month a year ago, World Steel Association (worldsteel) said.