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