The draft amendment also provides for Renewable Generation Obligation (RGO) and lays down the modalities for bundling of renewable energy including hydro with thermal energy New Delhi: The proposal by the power ministry to include hydropower within the renewable purchase obligation (RPO) targets set for the state distribution companies will provide greater flexibility to the […]
Electricity Amendment Bill Pushes for Privatisation Model, Limits Powers of Local Admin, State Govts
Experts question the government’s stance of preparing and notifying ‘National Energy Renewable Policy’ through the bill in spite of controversy over classification of hydro power as renewable energy. On Wednesday, April 29, a national consultation on the Draft Electricity Amendment Bill, 2020, organised online by a group of non-profit organisations, unanimously opposed the changes proposed […]
COVID-19 lockdown likely to decline the all India electricity demand in FY21: ICRA
As per an ICRA note, the demand slowdown amid the lockdown is likely to lead to a de-growth of 1.0% in electricity demand for the full year of FY2021, considering the full lockdown till May 3, 2020, partial lifting of lockdown in the non-red zones in May and June 2020 and resumption of full operations […]
Partial easing of lockdown fails to perk up power demand, cool weather plays spoil sport
The experts said that the maximum temperature in second half of April can go as high as 40 degree celsius but it remained around 35 degree celsius on an average during last week New Delhi: Partial relaxation in lockdown for certain economic activities from April 20 onwards could not perk up power demand, which remained […]
Power industry gives thumbs up to proposed Electricity Act Amendments
According to Khurana, in order to avoid any jurisdictional issues between CERC and the new Electricity Contract Enforcement Authority, bifurcation of their functions should be spelt out clearly New Delhi: The Power ministry’s proposed amendments to the Electricity Act of 2003 have received a thumbs up from the industry with players welcoming the proposed push […]
Lockdown: Cabinet likely to approve package for power discoms reeling under revenue loss
The package may also include steps like directions to the state and central power regulators to reduce electricity traiff The Union cabinet is likely to approve next week a package for discoms reeling under revenue loss due to lower power demand amid the coronavirus lockdown, including setting up of an alternative investment fund to pay […]
Discoms to suffer Rs 30K cr revenue loss, face Rs 50K cr liquidity crunch due to lockdown: CII
According to the report, power sector, one of the essential services under the lockdown till May 3, is battling the twin issues of demand and liquidity compression New Delhi: Industry body CII on Friday said discoms are likely to suffer a net revenue loss of around Rs 30,000 crore and liquidity crunch of about Rs […]
Govt mulls investment fund to pay off discoms’ dues towards gencos
The creation of the fund assumes significance in view of lower power demand during the coronavirus lockdown. Electricity demand has reduced by a third during the lockdown New Delhi: The government is mulling an alternative investment fund to pay off discoms’ dues towards power generation companies, a senior official said. The payment of dues would […]
Sales Of Green certificate up 79% at 8.38 lakh units in March
Renewable Energy Certificates (RECs) are a type of market-based instrument. New Delhi: Sales of renewable energy certificates rose over 79 per cent to 8.38 lakh units in March compared to 4.68 lakh in the same month a year ago owing to good supply, according to official data. Renewable Energy Certificates (RECs) are a type of […]
Azure Power reveals revenue guidance in the wake of coronavirus epidemic
Azure Power Global, a solar power producer in India, announced certain operational and financial updates – in the wake of coronavirus epidemic. Azure Power expects revenues of between INR 12,900 million – 13,000 million which is in line with guidance of INR 12,770 – 13,350 million and 1,808 MWs were operational, which is also in […]
