Request to have a carve-out in the DISCOM liquidity package for Andhra Pradesh’s renewable energy contracts that await decision of the AP High Court For more information please see below link:
Rs. 90,000 Cr Discom Stimulus – Let’s not Waste a Crisis
In the Govt’s announced $266Bn stimulus to kickstart the economy post-COVID, our Finance Minister Nirmala Sitharaman has proposed an Rs. 90,000Cr ($14.4Bn) for discoms to clear their pending dues to power generation and transmission companies. While the move to address discom’s financial health is welcome, maybe it is time to use the crisis as […]
Madhya Pradesh: Inflated electricity bills add to the woes of residents
Consumers of areas like Scheme 54, Scheme 71, Sukhlia, Shyam Nagar, Radio Colony, Telephone Nagar, Bada Bangarda among others have complained of escalated bills in last two months Indore: As if scheduled and unscheduled power cuts in hot summer days weren’t enough that consumers across Indore have now been handed inflated electricity bills issued by […]
Delhi’s Peak Power Demand Reduces By Up To 49% During Lockdown
Delhi’s peak power demand has reduced by up to 49 percent with commercial and industrial activities virtually at a standstill due to the lockdown imposed to contain the spread of coronavirus, discom and power department officials said. According to official data, the peak power demand during the day has reduced by 40-50 percent, while the […]
Jaipur discom to borrow Rs 500cr to pay to power cos
According to the sources, the borrowed amount will be used by the department to clear the dues of private companies, so that there is no disruption in power supply Jaipur: The Jaipur Vidyut Vitran Nigam Limited (Jaipur discom) is gearing up to borrow Rs 500 crore from banks to purchase electricity from private companies. As […]
Impact Of Coronavirus on Power-Collections
However, the state Discom said that provisional bills will be raised as per the DERC guidelines. The move came after the government has enforced lock-down in Delhi and has directed citizens to maintain social distancing amid coronavirus crisis. BRPL said that “In support of the govt’s measures to contain the spread of the COVID […]
Non-payment of dues by discoms: Private developers, gencos may move NCLT
Power producers’ total outstanding dues owed by distribution firms was pegged at Rs 88,177 crore in December 2019 — a source of continuing stress in the sector. The festering problem of non-payment of dues by power distribution companies (discoms) could lead to private project developers and generating utilities moving the National Company Law Tribunal (NCLT) […]
Muted power demand growth to delay PLF recovery, discom dues on the rise
This is due to limited improvement in the financial profile of distribution companies (discoms) since the launch of the Financial Restructuring Plan and Ujwal Discom Assurance Yojana (UDAY). Mumbai: India Ratings and Research (Ind-Ra) has revised the power sector outlook to negative for FY21 from stable-to-negative on account of muted growth in electricity demand and […]
Electricity Act may be amended to ensure discoms honour power pacts
It wants to ensure that renewable energy tariffs are not changed after execution of contracts, and electricity regulatory commissions have more teeth to enforce power purchase agreements between projects and distribution companies (discom) By .. New Delhi:The government is planning to introduce a bill to amend the Electricity Act to prevent states from reneging on […]
Government of India proposes ADITYA – A Discom reform Initiative as UDAY prepares to retire
In a decent development, the Government of India proposes a grant of INR 1.1 Lakh Crore for state discoms under a new scheme – Atal Distribution System Improvement Yojana (ADITYA). The scheme is supposed to be announced in the upcoming budget. The initiative is an advancement as UJJWAL Yojana is about to get expired in March […]