Power Sector Update - Demand Recovers As Lockdown Eases: ICICI Securities
Transmission towers stand under construction in India. (Photographer: Dhiraj Singh/Bloomberg)

Power Sector Update - Demand Recovers As Lockdown Eases: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

In the past week, power demand witnessed substantial recovery on the back of lockdown easing, which has resulted in increased economic activity, and also due to hot weather conditions in the Northern and Eastern regions.

From June 01 to 08, 2021 (just one week), all-India daily/peak demand recovered by 10%/9% to 3,889 million unit/173 gigawatt as lockdowns were relaxed.

If this momentum continues, power demand may soon cross the peak levels of February/March 2021, as commercial and economic activities are still some way away from their highs.

Click on the attachment to read the full report:

ICICI Securities Power Sector Update.pdf

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