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May 13, 2020

Coronavirus company news summary – IAEA receives backing for Covid-19 initiative – GE Power India restarts manufacturing at India facility

By Ilaria Grasso Macola

13 May

The US Energy Information Administration (EIA) has said that retail sales of electricity in the commercial sector will decline by 6.5% this year in the wake of the Covid-19 coronavirus pandemic. Industrial retail sales of electricity are also estimated to register a 6.5% dip in 2020 as many factories cut back production. Sales of electricity to the residential sector are expected to fall by 1.3%.

The International Atomic Energy Agency (IAEA) has received extrabudgetary backing of €22m ($24m) from member states for its global Covid-19 initiative. The funding will be used to help nearly 120 member nations to contain the spread of the Covid-19 pandemic. Funds will be used to assist laboratories to use a nuclear-derived testing technique called real-time reverse transcription-polymerase chain reaction (real-time RT-PCR).

GE Power India has restarted manufacturing operations at its Noida facility, which was suspended in March after the lockdown imposed by the government to contain the spread of Covid-19. However, all employees in non-manufacturing roles will continue to work from home until 17 May 2020 or further, the company said. Early this month, the company resumed operations at its Durgapur plant in West Bengal.

UK Power Networks has decided to restart some utility work after suspending non-essential utility works in March to curb the spread of the coronavirus pandemic. The electricity company’s specialist teams will restart work on constructing and upgrading electricity substations with updated, safe working methods.

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