Developing a responsive and transparent power market by 2030 is a key component of Singh’s reforms roadmap for introducing intense competition to achieve the Narendra Modi government’s objective of providing 24X7 affordable power to all NEW DELHI: India joined the ranks of developed markets such as the US and Europe with power minister R K […]
Power minister proposes a new scheme worth Rs 3 lakh crore to finance commission
Officials of the power ministry discussed the need to restructure the power system to make states responsible for the financial health of their power distributions companies (discoms), with the NK Singh-led FC Power minister RK Singh proposed a new scheme for the power sector amounting to Rs 3 lakh crore spanning five years, in his […]
PM Modi reviews power sector, says state-specific solutions needed
Reviewing the work of Power, and New and Renewable Energy ministries on Wednesday evening, Modi pointed out that the problems in the power sector, especially of electricity distribution segment, vary across regions and states. Prime Minister Narendra Modi has emphasised on the need to enhance consumer satisfaction while increasing operational efficiency and improving financial sustainability […]
EESL’s Smart Meters help Bihar DISCOMs generate recharge revenue of INR 5,00,000 amid the nationwide lockdown
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 […]