The company is working on finalising various definitive agreements with the lenders, it told BSE The State Bank of India (SBI)–led consortium has unanimously approved the restructuring of Suzlon Energy’s Rs 14,000 crore worth of debt, the company said in a filing with the BSE. “The company is working on finalising various definitive agreements with […]
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 […]
Power Demand Coming Back in China After Unprecedented Drop During COVID-19 Lockdown
“Home Isolation” Surge Partly Compensated for Big Industrial Decline The first nation to implement a COVID-19 lockdown, China has experienced an unprecedented power demand drop during the first two months of the year as a result of the stagnation of industrial and commercial activities. Electricity consumption declined 7.8% year on year during January and February, […]
NTPC, NHPC, REC & Other Power Ministry PSUs Donate Huge Rs 925 Cr To PM-CARES Covid Fund
On Tuesday, the public sector undertakings of Ministries of Power and MNRE announced that it would contribute a whopping Rs.925 crore to the PM CARES On Tuesday, the public sector undertakings of Ministries of Power and MNRE announced that it would contribute a whopping Rs.925 crore to the PM CARES fund launched by Prime Minister […]
Virus lockdown to dent electricity demand by around 25 pc, say analysts
The entire country was put under a three-week lockdown starting March 25 to arrest the spread of the coronavirus pandemic. A few states like Maharashtra had already been under a lockdown or preparing for one starting March 15 Mumbai: The ongoing lockdown is set to dent electricity demand by a fourth as economic activity sputters […]
O & M of lnter state Transmission Network on 24×7 basis for providing uninterrupted service during the nation-wide lockdown for COVID-19 outbreak
Operation and Maintenance of lnter state Transmission Network on 24×7 basis for providing uninterrupted service during the nation-wide lockdown for COVID-19 outbreak For more information please see below link:
Essential operation of power generation utilities and permission for material movement needed by them during the nation-wide lockdown for COVID-19 outbreak
Essential operation of power generation utilities and permission for material movement needed by them during the nation-wide lockdown for COVID-19 outbreak dated 28.03.2020. For more information please see below link:
Power minister approves major relief measures for power sector
Union Power Ministry committed to ensure 24×7 electricity supply during lockdown Payment security to be reduced by 50 percent Directions issued to CERC to provide three months’ moratorium on Discoms to make payment to Gencos and transmission and no penalty on late payment; States requested to issue similar directions to SERCs New Delhi: Despite the […]
India’s electricity use falls to lowest in 5 months due to lockdown
National electricity demand fell to 2.78 billion units on March 25, the first day of the three-week total shutdown called by Prime Minister Narendra Modi late on Tuesday CHENNAI/LUCKNOW: India’s electricity use fell to the lowest in nearly five months on the first day of a nationwide lockdown to prevent the spread of the coronavirus, […]
Covid-19 lockdown impact: Power demand drops as offices stay plugged out
The price discovered on the IEX Day Ahead Market for delivery on Wednesday was at ₹1.95 per unit. The spot power price hit a low of ₹1.90 per unit in June 2017 due to excessive rainfall. Sources said the closure of offices and factories, reduced buying by state distribution utilities and the Indian Railways stopping […]