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3000 MW renewable energy projects at risk of cancellation as PSAs remain unsigned

3000 MW renewable energy projects at risk of cancellation as PSAs remain unsigned
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Nearly 7,000 MW capacity worth of projects were bid out prior to February 2020 whose PSAs have not been signed yet, all having tariffs significantly higher than recent projects bid out over the past few months.
Nearly 3,000 MW worth of renewable energy projects in India are at risk of being cancelled as their power supply agreements (PSAs) have yet not been signed with the state distribution companies, rating agency
Nearly 7,000 MW capacity worth of projects were bid out prior to February 2020 whose PSAs have not been signed yet, all having tariffs significantly higher than recent projects bid out over the past few months. ....

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S&P, CRISIL, and ICRA cut India's GDP estimate due to Covid wave — Quartz India

The second wave of Covid-19 has made economists less hopeful about India’s growth prospects.
At least four leading rating agencies have trimmed their GDP growth forecasts for India for the financial year ending March 2022. These agencies had initially estimated double-digit growth for the Indian economy due to a low base and revival of business activities in the country after the first wave of Covid in 2020.
For instance, Mumbai-based CRISIL, which had earlier pegged India’s economic growth for fiscal 2022 at 11%, has lowered its estimate to 8.2% in a worst-case scenario.
India’s Covid-19 struggles
These sharp revisions in estimates come at a time when India is grappling with record Covid-19 deaths and new infections. As of May 19, the new infections remain above the 250,000-mark. The pandemic-related deaths have also stayed above the 3,500-mark. ....

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Not rural, urban markets could support the recovery curve this time, says Crisil's Hetal Gandhi

Not rural, urban markets could support the recovery curve this time, says Crisil’s Hetal Gandhi
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Last Updated: May 17, 2021, 02:02 PM IST
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“We would be a little cautious on rural till we see a complete synching in of the monsoons.”
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If most of the lockdowns in the larger cities get over by May end, revenue growth for India Inc. could be close to 13% to 15%, says
A lot has been spoken about what is happening to the second wave and the mini lockdowns. What do you think will be the impact in the near term? ....

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covid second wave: Too early to say second Covid wave has peaked; vaccine availability "national bottleneck": Crisil

Even as new COVID-19 infections have shown a declining trend, credit rating agency
Crisil on Monday said it is too early to say that the second wave of the pandemic has peaked and flagged concerns over the vaccination drive. After opening up the vaccination for all adults, the drive has suffered because availability of vaccines has become a national bottleneck , the rating agency said in a report.
It said new cases touched 4.14 lakh on May 6, and have now declined to an average of 3.6 lakh a day for the week ended May 16.
The decline in new cases offers some respite, but, it s too early to call a peak , the report noted. ....

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Amid declining trend, Crisil says too early to say 2nd wave has peaked

Even as new Covid-19 infections have shown a declining trend, credit rating agency Crisil on Monday said it is too early to say that the second wave of the pandemic has peaked and flagged concerns over the vaccination drive.
After opening up the vaccination for all adults, the drive has suffered because availability of vaccines has become a national bottleneck, the rating agency said in a report.
It said new cases touched 4.14 lakh on May 6, and have now declined to an average of 3.6 lakh a day for the week ended May 16.
The decline in new cases offers some respite, but, it s too early to call a peak, the report noted. ....

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