Power producers rose nearly 17 per cent to Rs 1,02,684 crore in February this year, reflecting persistent stress in the sector. New Delhi: Total dues owed by electricity distribution companies to power producers rose nearly 17 per cent to Rs 1,02,684 crore in February this year, reflecting persistent stress in the sector. Distribution companies (discoms) […]
Andhra Pradesh Electricity Regulatory Commission Hyderabad
Discoms get Rs 46,321 crore under liquidity package so far out of total sanctioned loans of Rs 1.35 lakh crore
The central government had announced a liquidity infusion scheme as part of AatmaNirbhar Bharat Abhiyan on May 13, 2020, in the backdrop of the outbreak of global pandemic COVID-19 in the country. New Delhi: Power distribution utilities or discoms in the country have been sanctioned loans of Rs 1.35 lakh crore and disbursed Rs 46,321 […]
Enabling the Discoms to either continue or exit from the PPA
Enabling the Discoms to either continue or exit from the PPA For more information please see below link:
Bring policy paper fast to deal with discoms” reluctance to ink long term PPAs with RE developers: Par panel
New Delhi: A Parliamentary panel on Friday asked the power ministry to expedite a policy paper to provide a remedy for the issue of falling renewable energy tariffs which have prompted reluctance among discoms to enter into long term power purchase agreements (PPAs) with project developers, saying it “has become a conundrum”. The Parliamentary Standing […]
Adani Green raises $1.35 billion debt from 12 banks
Adani Green Energy Ltd (AGEL) on Thursday said it has raised USD 1.35 billion debt for its under-construction renewable energy projects via definitive agreements signed with a group of 12 international lenders. The revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be set up […]
REC letter to DISCOMS regarding reduction of performance security in DDUGJY
REC letter to DISCOMS regarding reduction of performance security in DDUGJY , Saubhagya and Addl. Infra projects For more information please see below link:
Payment risk from discoms resurfaces for wind projects in four states: CRISIL
Added that sustained delays could put Rs 30,000 crore of debt in stress New Delhi: Payment risk from discoms has resurfaced for wind power projects, with Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh toting up dues of Rs 5,450 crore to 156 renewable projects as of January 2021, according to CRISIL. It added that this […]
Telangana discoms default on payment to solar developers
Telangana discoms default on payment to solar developers New Delhi: Telangana state electricity distribution companies (discoms) have not paid outstanding dues of around ₹3,200 crore to solar power developers, two people in the know said, requesting anonymity. The last payment made by state discoms was for electricity supplied till March 2020. The development may dent […]
Doldrums to continue for power distribution sector: Ind-Ra
New Delhi: Ratings agency India Ratings and Research has maintained a negative outlook on the power sector for FY22, on account of a further weakening in the financial position of distribution companies due to Covid-19 led business disruptions. According to the ratings agency, the discoms relief package of Rs 1.25 trillion was expected to reduce […]