POWER India adds 12.1 GW power generation capacity in FY21: Report India added 12.1 gigawatt (GW) power generation capacity in 2020-21, of which 7.7 GW was from renewable energy sources, according to a report. India's total power generation also increased by 1.3 per cent in FY21 despite pandemic restrictions, driven by a post-lockdown surge in electricity demand. The share of RE in the energy mix was 10.1 per cent, up from 9.4 per cent in FY20. India's RE sector, particularly the solar, has shown resilience in FY21 despite supply chain disruptions caused by the COVID-19 pandemic. While a handful of developers continue to dominate auctions, new market entrants are giving them competition by bidding aggressively. These include large public sector companies
10 | CCAI Monthly Newsletter May 2021
such as NTPC Ltd, SJVN Ltd and Coal India, as well as smaller, private developers and international developers such as Al Jomaih Energy and Water Co.
Recovery in energy demand to continue despite COVID-19 led temporary blip: Ind-Ra India Ratings and Research (Ind-Ra) has said the recovery in energy demand will continue despite COVID-19 led temporary blip. India Ratings and Research (Ind-Ra) has published the May 2021 edition of its credit news digest on India’s power sector. Ind-Ra estimates, as per a statement, the allIndia energy demand would decline in May 2021 on a month-on-month basis, despite the peak summer season, and to remain below prepandemic levels.
