Power Sector

Moody's Predictions for Indian Power Sector Turns Negative

"In addition to declining power demand -- which will hit short-term power prices and the utilisation of coal-based power plants -- state-owned distribution companies that rely on subsidies could delay making payments to power companies as the government is likely to pivot subsidies towards social and healthcare spending amid efforts to contain the outbreak," said Abhishek Tyagi, Moody's Vice President and Senior Analyst.