POWER Power demand up 23% in March Even as the electricity demand has recorded an annual rise for the seventh straight month in March, power demand in FY21 is set to drop by 0.8% on a year-on-year (y-o-y) basis. According to data from the National Load Despatch Centre, as much as 115.2 billion units (BU) of electricity were supplied in the first 29 days of March, translating into 3.9 BU per day. Moody's expects OIL's leverage will weaken to around 16% for FY22 from 51% in FY20, which is significantly below the 20%-25% threshold required to maintain the 'baa3' BCA. Moody’s lowers Oil India’s credit assessment on Numaligarh refinery buyout With this, Wabag has successfully achieved the financial closure of its second HAM project within this financial year,” Rajneesh Chopra, global head, business development, VA
10 | CCAI Monthly Newsletter March 2021
Tech Wabag, said. WABAG secures financial closure of its second HAM project; partners with PTC India Financial Services. At this rate, 123.2 BU of electricity will be supplied in March 2021, which is 22.9% higher than the monthly consumption in the same month last year, when the countrywide lockdown was first implemented to contain the coronavirus outbreak. Electricity demand in the April-February period was lower by 2.8% on a y-o-y basis. Power consumption in the country fell 8.5% y-o-y to 625.6 BU in the first half of FY21 as industrial and commercial activities remained muted amid lockdowns. Demand started increasing from September. With the sharp rise in temperatures in northern India, the average daily power demand in the country increased 3.4% annually to 3.7 BU in February.
