Currently, the cost of renewable energy is cushioned by indirect subsidies such as waivers of transmission charge of around Rs 1.5-2 per unit, speakers said. Further, dedicated transmission lines for renewable plants are utilised only around 20% due to the intermittent nature of power generation from such sources, raising its real cost. Rising penetration of […]
Rajasthan: Discoms trip on payment to solar firms raises NPA fears
JAIPUR: Now, the government’s payment crisis has hit the solar sector with the small power developers in the state staring at a prospect of their loans turning NPAs. The discoms have not paid the dues for the past one year running into an estimated Rs 250-300 crore. The non-payment has also led to developers stalling […]
Power discoms may soon get cheap loans from govt to clear Rs 70,000-cr dues
Power producers’ total outstanding dues owed by distribution companies stands at Rs 69,558 crore by September-end 2019 Faced with a demand slowdown and increasing financial stress of the distribution companies, the Centre is considering a new loan window for states to help settle their rising dues to the power generation companies. Under the new plan, […]
Cheaper loans likely for discoms to clear green energy dues: Report
The loans would be sanctioned to states at cost plus a nominal fee to clear dues worth Rs 67,237 crore owed to gencos till August-end. The Centre may tie up concessional loans from Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and Indian Renewable Energy Development Agency (IREDA) for state governments as it looks to […]
Solar Sector bleeding heavily due to Discoms non payment of private developers: Rajasthan Solar Association
Solar Sector bleeding heavily due to Discoms non payment of private developers: Rajasthan Solar Association For more information please see below link:
Return to growth: Given the mismatch between tariffs and risks, few new renewable IPPs being created
Power tariffs had declined significantly in 2016-17, ensuring price competitiveness. However, since then, RE sector risks have increased. Chhatrasal in a remarked that ‘The renewables sector in India is near-death. Capacity addition has markedly slowed down in this financial year. Few projects are achieving financial closure, and so, few projects are getting complete.’ (bit.ly/34I1JQr, FE, […]
Hero Future files petition against Andhra discoms
Hero Future Energies has filed a contempt petition with the Andhra Pradesh electricity regulator for recovery of dues from the state’s discoms BENGALURU: In the continuing face-off between the Andhra Pradesh government and renewable energy developers, Hero Future Energies has filed a contempt petition with the Andhra Pradesh electricity power regulator for recovery of dues […]
Discoms saddled by Rs 25,000cr loss, be ready to pay extra Rs 5 per unit
Bhopal: Discoms in the state have incurred losses amounting to Rs 25,000 crore in the past four years. Now, they have urged the Madhya Pradesh Electricity Regulatory Commission (MPERC) to admit the losses and allow the amount to be recovered from the consumers. If the regulator gives the assent for the entire amount, it will […]
Rajasthan DISCOMs Directed to Pay ₹31.34 Crores to NTPC VVN After Trading Margin Dispute
Rajasthan DISCOMs Directed to Pay ₹31.34 Crores to NTPC VVN After Trading Margin Dispute For more information please see below link:
Tata Power looks to raise $1 billion via asset monetisation
Tata Power is looking to raise $1 billion via asset monetisation over the next 12-18 months to clear its debt. The company is looking to divest from many of its international investments. “We believe that in next 12-18 months we will divest from many of our international investments and we are looking at something like […]