With Smart Meters, DISCOMs generate 100% billing efficiency in Bihar Total 28000 smart meters have been installed in the state till date, out of which 25000 are smart prepaid meters New Delhi: Energy Efficiency Services Limited (EESL), a PSU under the Ministry of Power, Government of India, is the designated agency to implement the smart […]
India adds 1,043 MW of wind and solar utility scale capacity in Jan-Mar: Report
According to clean energy consultancy Bridge To India, the country added 328 MW of utility scale wind capacity in the quarter ended March, which was down 65 per cent as compared to 944 MW in January-March 2019 New Delhi: India added about 715 mega watt (MW) of utility scale solar capacity in January-March 2020, down […]
Liquidity support provides temporary lifeline to discoms: S&P
The agency noted that many discoms in India have weak financial health owing to excess debt, loss-making operations, and high transmission and distribution (T&D) losses of more than 15 per cent Mumbai: The government’s stimulus measures will only provide a temporary lifeline to state-owned power distribution companies as the coronavirus pandemic has increased liquidity pressure […]
Union Power Ministry writes to States/UTs extending Rs 90,000 crore package under Atmanirbhar Bharat Abhiyan
The funding would be done in two tranches of Rs. 45, 000 crore each Union Ministry of Power has also decided to defer Fixed Charges of Central Power Gencos for power not scheduled to the DISCOMs during the lockdown period; to be repaid without interest in three equal instalments after lockdown Central Power Gencos/Central Transmission […]
Rebate to DISCOMs by Central Generating and Transmission Companies of MOP for the Lock down period
Rebate to Distribution Companies (DISCOMS) by Central Generating and Transmission Companies of Ministry of Power for the Lock down period on account of Covid-19 pandemic For more information please see below link:
REC Policy for Special Long-Term Transition Loan to DISCOMs for COVID 19
REC Policy for Special Long-Term Transition Loan to DISCOMs for COVID 19 For more information please see below link:
PFC-REC loans can be recalled if discoms don’t shape up: Power Minister RK Singh
Non-compliant state-run electricity distribution companies (discoms) run the risk of losing their share of the Rs 90,000 crore loan that the government announced on Wednesday to inject liquidity into the segment. If discoms do not take appropriate steps to reduce their losses, they would be denied the facility, Union power minister RK Singh said […]
Discoms to get loans at cheaper rate to pay dues to Gencos: Minister
“PFC and REC provide loan to distribution and generation sector with a spread of 2.5 to 3 per cent. Under the present scheme, they have agreed to take lower 1.5 per cent spread that will lower the interest rate,” he said New Delhi: Financially stressed discoms will be offered loans at cheaper rates of 8.5 […]
Govt finalising Rs 3.5 lakh cr discoms package on the lines of UDAY: R K Singh
The scheme will come with a gross budgetary support of Rs 1.2 lakh crore over five years will be result-oriented where the distribution companies will invest first and get money later. New Delhi: The government is close to finalising a Rs 3.5 lakh crore financial assistance package that would mandate state power distribution companies with […]
NTPC shares down 5 per cent post waiver announcement of fixed charges
In a bid to provide further relief to the discoms, the government has decided to waive fixed charges and inter-state transmission charges (by PowerGrid) against power not drawn from various public sector units during the lockdown, from March 24 to May 17 Mumbai: Shares of NTPC Ltd fell by around 5 per cent on Thursday, […]