New Delhi : Amid a massive surge in COVID-19 cases, power discoms in Delhi are gearing up to meet the summer electricity demand and focusing on providing uninterrupted supply to critical services including hospitals, vaccination centres, quarantine facilities, pharmacies and labs, officials said on Saturday. The Tata Power Delhi Distribution Limited (TPDDL), serving 70 lakh […]
Infrastructure – Steady provisioning to soften impact of slow credit resolution: ICRA
While infrastructure credit grew 7 per cent in FY2020 (19 per cent in FY2019) to Rs 22.5 lakh crore as on March 31, 2020, it increased marginally to Rs 22.6 lakh crore as on September 30, 2020. New Delhi: Given the Covid-induced disruption, the trajectory of total infrastructure credit in India (banks and infrastructure finance […]
Discoms’ outstanding dues to power gencos rise 35% to Rs 1.41 lakh cr
New Delhi : Power producers’ total dues owed by the distribution firms rose over 35 per cent to Rs 1,41,621 crore in November 2020, reflecting stress in the sector. The distribution companies (discoms) owed a total of Rs 1,04,426 crore to power generation firms in November 2019, according to portal PRAA (Payment Ratification And Analysis […]
Electricity Act proposed amendments ensure financial independence for discoms: EY
“While the amendments do talk about sublicensing and relaxing the licensing norms for franchisees, it is not clear if this would mean multiple suppliers within a given region,” Ivaturi said New Delhi: The draft bill for the amendment of Electricity Act ensures financial independence of power discoms but must also provide more choices to consumers […]
MoP to ask CPSEs to give 25% rebate on power bills to discoms
The order, likely to dent the CPSUs revenues severely, is likely to be issued by the power ministry anytime after market closing hours on Friday New Delhi: In a major hit to central power companies including NTPC, NHPC and Power Grid Corporation (PGCIL), the power ministry is likely to advise them to forego upto one-fourth […]
Govt finalising Rs 3.5 lakh cr discoms package on the lines of UDAY: R K Singh
The scheme will come with a gross budgetary support of Rs 1.2 lakh crore over five years will be result-oriented where the distribution companies will invest first and get money later. New Delhi: The government is close to finalising a Rs 3.5 lakh crore financial assistance package that would mandate state power distribution companies with […]
Electricity Act proposed amendments are good but much more needed for reforms
The amendments proposed in the Act are progressive, and aim to address some of the immediate concerns that plague the sector. Electricity is a concurrent subject constitutionally, with a layer of complex political economy. The sector suffers from legacy issues which hinder operational efficiencies and business prudence. While significant improvements have been made to reduce […]