Summary
The lockdown announced by the government to control the spread of the Novel Coronavirus (COVID-19) pandemic will adversely impact electricity power demand, and cash flows for distribution companies (Discoms) – leading to payment delays for power generation and transmission companies, ratings and research agency ICRA has revealed.
The lockdown has resulted in a shutdown of the industrial and commercial establishments and the stoppage of passenger railway services. This has adversely impacted the all India electricity demand, given that these segments constitute about 40 percent of the all India electricity demand, a statement issued by ICRA said. Further, these......