With the advent of Covid-19 pandemic, the sector has experienced a major impact with drop-in demand of 25-30% accompanied with existing power sector disruption - Decarbonization, Digitization and Decentralization. There is a need for Generation companies to combine Digital Enablers and Emerging technologies like Cloud computing, Big data analytics, AI/ML to increase Operational efficiency and Financial soundness. Generation companies should embark on a Digital Transformation journey by adopting leading digital technology solutions & strategic initiatives to become a world-class Utility of Future.