Timely implementation of notified schemes through time bound award of projects and availability of power supply agreements with the ultimate off-takers remains critical, Icra said MUMBAI: The Centre may have have increased its focus on domestic solar module manufacturing through a host of “Make in India” initiatives, but lack of scale and backward integration in […]
Clarity on customs duty impact for already bid out projects required: ICRA
There have been significant delays in implementation of such ‘change in law’ pass-through for the affected IPPs in the past New Delhi: As the 15 per cent safeguard duty on imports of solar cells and modules import is set to cease in July 2020, industry analysts seek clarity for a pass-through of customs duty impact […]
ICRA ratings for Indian debt instruments-Jun 22
Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of June 19, 2020. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Aequitas Exports Pvt Ltd ST - Fund Based ICRA A4 180 Assigned Alliance Granimarmo Pvt Ltd ST- Fund […]
States put open access renewable projects at risk by reducing incentives: ICRA
Open access allows large users of power – typically those who consume more than 1 MW – to buy power from the open market, instead of depending on a more expensive grid Mumbai: With state governments increasing standard charges on open access renewable energy projects or cutting back on incentives, the financial future of many […]
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 […]
Lockdown to balloon discom losses, electricity demand to fall in decades
The Covid-19 outbreak and the subsequent lockdown has squeezed power demand sharply in March and April and the fall has been such sharp that demand for full year 2020-21 is set to report a 1 per cent decline, first time in almost 36 years New Delhi: One month of nationwide lockdown has done more damage […]
Lockdown to increase discoms’ book losses to Rs 200 bn: ICRA
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. The nation wide lockdown to control Coronavirus outbreak is likely to increase the book loss level for the discoms at all India level by Rs 200 billion in FY2021 as it […]
India’s annual power demand seen falling for first time in almost four decades: Moody’s unit
Power usage has fallen by almost a quarter since Prime Minister Narendra Modi enforced a nationwide lockdown starting March 25, forcing all industries except those deemed essential to shut down CHENNAI: India’s electricity demand during the current financial year is seen falling for the first time in at least 36 years, ratings agency Moody’s unit […]
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 […]
Covid lockdown to impact electricity demand, cash flows for discoms: ICRA
The lockdown has resulted in a shutdown of the industrial and commercial establishments and stoppage of passenger railway services. This has adversely impacted the all India electricity demand, given that these segments constitute about 40% of the all India electricity demand, a statement issued by the ratings firm said. New Delhi: The lockdown announced by […]