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At 6,499 MW, Delhi Sees Highest Power Demand This Summer

Pushed by the sultry weather condition, Delhi’s peak power demand soared to 6,499 MW on Thursday afternoon, the highest so far this summer, discom officials said. Pushed by the sultry weather condition, Delhi’s peak power demand soared to 6,499 MW on Thursday afternoon, the highest so far this summer, discom officials said. The peak power […]

POWER GRID’s Consolidated Profit After Tax Crosses 12,000 Crore

Ministry of Power Takes Proactive Measures to Ensure 24×7 Power Supply to Oxygen Plants in the Country

In view of the pan India impact of the second wave of corona virus pandemic across the country and the manifold rise in oxygen demand for both medical facilities and for home treatment of patients , the Ministry of Power has undertaken a number of pro-active preventive and remedial measures to ensure that there is […]

POWER GRID’s Consolidated Profit After Tax Crosses 12,000 Crore

Torrent Power asks Rooftop Projects to Sign an Undertaking for Gross Metering Conversion

Torrent Power is forcing to sign an agreement that in future they may shift the net metering solar systems to gross metering, if the regulations comes with retrospective effect. Torrent Power asks rooftop projects to sign undertaking for gross metering conversion later on when gross metering comes in. While having conversation with industry professionals they […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

Discom debt at Rs 6 trillion; negative outlook on power distribution: ICRA

This is in addition to Rs 1.27 trillion pending discom payables to power generators as of December 2020, 30% higher on a year-on-year basis. Consolidated debt of state power distribution companies is estimated at Rs 6 trillion in FY2022, highest post implementation of debt restructure scheme under Ujwal Discom Assurance Yojna (Uday), ICRA said on […]

POWER GRID’s Consolidated Profit After Tax Crosses 12,000 Crore

Discom cannot terminate PPA with insolvent power company: SC

The Gujarat power distribution company had moved Supreme Court saying that neither the National Company Law Tribunal (NCLT) nor the NCLAT had the jurisdiction to stay the termination, which was done as per the clauses of the agreement Gujarat electricity distribution and trading company – Gujarat Urja Vikas Nigam Ltd – has been barred by […]

POWER GRID’s Consolidated Profit After Tax Crosses 12,000 Crore

Fitch Ratings: India Discom Reform Plan to Benefit Power Gencos in Long Term

(The following statement was released by the rating agency) Fitch Ratings-Singapore-01 February 2021: The central government of India’s proposed plan to improve the operations and finances of state-owned distribution companies (discoms), the weakest link in India’s power supply value chain, will help mitigate cash flow stress observed in rated power generation companies (gencos) over time, […]

POWER GRID’s Consolidated Profit After Tax Crosses 12,000 Crore