INTRODUCTION
The CoViD-19 outbreak has brought the world to a standstill, and it would not be inaccurate to state that we, the present generation, collectively have no prior experience in dealing with a pandemic of this magnitude. CoViD-19 has affected all walks of life in every manner possible. Many countries all over the world including India have imposed a complete lockdown on all public activities for a temporary period. In India, the lockdown has been presently imposed for a period of 21 days, which is likely to be further be extended to the end of April.
This perplexing time of social distancing, working from home and quarantine, gives us an opportunity to recognise electricity’s imperative role not just as a pillar to our economy, but also as a contributor to public order and social stability. Having said that, the power sector including the renewable energy sector in India, is not immune to the negative impact of the pandemic. The sector is witnessing immense pressure and the Government of India is acting swiftly to ensure this essential pillar to our economy and social order does not crumble due to the prevailing circumstances. The stakeholders have also attempted to insulate themselves from the impact of CoViD-19.
Through this article, we would like to discuss and assess the actions undertaken by and for the key stakeholders in the renewable energy sector to counter the effects of the pandemic.
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Contributing Advisors
Myles CulmerDirector, BDO Advisory Services