huge loss
Coronavirus: Power Division braces for huge loss as electricity use falls
The Power Division fears a huge financial loss due to the impact of coronavirus pandemic as it may impede the growth in electricity demand.
It fears the current gap between demand and supply may rise further, leading to an increase in surplus in electricity generation.
“We’re sensing a huge financial loss as the fallout of coronavirus pandemic in multiple ways in power sector,” Nasrul Hamid, State Minister for Power, Energy and Mineral Resources, told UNB.
He said the amount of financial loss was unclear yet.