Total outstanding dues owed by electricity distribution companies (discoms) to power producers increased by 17.3 per cent year-on-year to Rs 1,23,244 crore in April 2022, as per official data. Discoms owed a total of Rs 1,05,029 crore to power generation firms in April 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement […]
Steps by Government to improve financial and operational efficiencies of DISCOMs – EQ Mag Pro
The Government of India has made several interventions to improve financial and operational efficiencies of DISCOMs linked to reform measures including Liquidity Infusion Scheme (LIS); Additional Borrowing of 0.5% of GSDP to States linked to power sector reforms; introducing additional prudential norms for lending by Power Finance Corporation (PFC) Limited and REC Limited; and Revamped […]
REC partners EPIC India to improve performance of discoms – EQ Mag Pro
State-owned non-banking finance firm REC has partnered with Energy Policy Institute at the University of Chicago (India) to improve the performance of power distribution utilities. “The Energy Policy Institute at the University of Chicago (EPIC India) has signed a Memorandum of Understanding (MoU) with REC Limited, a public infrastructure finance company, and REC Power Development […]
India to solarize agriculture pumps in a big way – EQ Mag Pro
Solar Energy is clean and green. It helps us conserve our planet and maintain the balance of natural resources. And this is the reason, like almost all countries in the world, India is trying hard to popularize the adoption of solar energy in all possible ways. The Government of India has created the Pradhan Mantri […]
Jaipur, Jodhpur, Ajmer discoms get new MDs – EQ Mag Pro
JAIPUR: Ajit Kumar Saxena has been appointed the MD of JVVNL, NS Nirwan has been made the MD of Ajmer and Pramod Tak is the MD of Jodhpur discom. All are retired technocrats. Saxena took charge on Monday evening. He has 37 years of experience in the energy sector. He said quality power supply to […]
Public Notice: Financial Bid Opening for Appointment Of C&AG Empaneled Auditors for Regulatory Audit of Books of Account of DISCOMs in NCT of Delhi – EQ Mag Pro
Public Notice: Financial Bid Opening for Appointment Of C&AG Empaneled Auditors for Regulatory Audit of Books of Account of DISCOMs in NCT of Delhi. For more information please see below link:
Steps were taken to address the financial health of DISCOMS – EQ Mag Pro
As per information available, total outstanding dues owed by electricity Distribution Companies (DISCOMs) to Central Public Sector Generation Companies, Independent Power Producers (IPPs) and Renewable Generators as on 31.12.2021 are Rs.95,167 Crores. Payment security mechanisms through Letter of Credit (LC), etc. are integral part of most of the Power Purchase Agreements (PPAs) between DISCOMs and […]
Discoms’ outstanding dues to gencos dip 5.1% to Rs 1,15,972 crore – EQ Mag Pro
Discoms in Rajasthan, Uttar Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Jharkhand and Tamil Nadu account for the major portion of dues to gencos in February, the data showed Total outstanding dues owed by electricity distribution companies (discoms) to power producers dipped 5.1 per cent year-on-year to Rs 1,15,972 crore in […]
Achieving the clean energy target – EQ Mag Pro
There is a need for a dedicated entity to deal with challenges renewable energy faces in India The year 2022 could be a pivotal one for India’s energy transition. Recently, some of India’s biggest energy companies—Reliance Industries Ltd, Adani Group and NTPC Ltd—had announced massive investments in renewable energy (RE), mostly solar, to herald their […]
Discoms’ outstanding dues to gencos rise 4.4 per cent to Rs 1,21,030 cr in January – EQ Mag Pro
New Delhi : Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose 4.4 per cent year-on-year to Rs 1,21,030 crore in January 2022. Discoms owed a total of Rs 1,15,904 crore to power generation firms in January 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing […]