Ministry of Power, Government of India has sent a letter to Secretary of States, Union Territories and SERCs regarding timely issuing of the Tariff Orders for FY 2021-22 under Electricity Act 2003. The letter requests that tariff orders for the FY 2021-22 are issued at the earliest to ensure the financial health of the DISCOMS […]
Power Ministry Urges States to Organise Vaccination Camps for Electricity Sector Employees
Govt to focus on loss-making discoms for next 3-4 yrs to achieve ’24X7 power for all’: Official
Talking about the continuous losses of discoms, he said there is a gap between the actual rate of supply of power and the cost recovered from consumers New Delhi: The government’s spotlight will be on electricity distribution utilities or discoms, which are mostly state-run and cash-strapped due to losses, to achieve the goal of 24X7 […]
NTPC signs MoU with Power Ministry detailing targets for FY 2020-21
Generation target under Excellent rating has been set as 340 BU Capex target of Rs. 21,000 Crores and Revenue target of Rs. 98,000 Crores are also part of MoU NTPC signed the Memorandum of Understanding (MoU) with Ministry of Power, Govt. of India, setting key targets for the year 2020-21 on 29-9-2020. Key targets for […]
Power Ministry advises Gencos & Transcos to charge LPS at a rate not exceeding 12% per annum
Power Ministry advises Gencos & Transcos to charge LPS at a rate not exceeding 12% per annum For More Information Please Click On Below Link :
Power ministry for lower lending rates for projects with India-manufactured equipment: R K Singh
Singh said in a media interaction those who are using imported foreign power equipment may get financing at a higher rate of interest and that this is a proposal under the ministry’s consideration New Delhi: Power minister R K Singh said today that financing agencies Power Finance Corporation and Rural Electrification Corporation (PFC-REC) and Indian […]
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 […]
NTPC shares down 5 per cent post waiver announcement of fixed charges
In a bid to provide further relief to the discoms, the government has decided to waive fixed charges and inter-state transmission charges (by PowerGrid) against power not drawn from various public sector units during the lockdown, from March 24 to May 17 Mumbai: Shares of NTPC Ltd fell by around 5 per cent on Thursday, […]
Partial easing of lockdown fails to perk up power demand, cool weather plays spoil sport
The experts said that the maximum temperature in second half of April can go as high as 40 degree celsius but it remained around 35 degree celsius on an average during last week New Delhi: Partial relaxation in lockdown for certain economic activities from April 20 onwards could not perk up power demand, which remained […]
Power industry gives thumbs up to proposed Electricity Act Amendments
According to Khurana, in order to avoid any jurisdictional issues between CERC and the new Electricity Contract Enforcement Authority, bifurcation of their functions should be spelt out clearly New Delhi: The Power ministry’s proposed amendments to the Electricity Act of 2003 have received a thumbs up from the industry with players welcoming the proposed push […]