Disruptions in the industrial and commercial activities due to Covid-19 lockdown have further dented electricity demand in India which already registered a discernible decline in annual electricity demand. India’s electricity demand in the first 11 months of 2019-20 (April 2019-February 2020) grew by 2.2% (to 1191 billion units) compared with 5.4% annual growth in the same months of previous year.
The Centre will work as a fast-track mechanism in resolving the investors’ issues and taking the ease-of-doing business ranking to a notch higher.
The National Solar Energy Federation of India has warned the Ministry of Power that PV developers may be deterred from participating in state tenders because distribution companies are still not issuing letters of credit as a payment security mechanism.
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