CPCB issued show cause directions to 31 units of 14 thermal power plants worth 13,830 MW capacity in January and to another 11 units of 4 TPPs of total 1,495 MW capacity in February this year for non-compliance New Delhi: Thermal power plants of 42,877 megawatt (MW) capacity have outlived their lives and have been […]
Discoms obligated to pay for electricity within 45 days: Power ministry
In the letter on Monday, the ministry said late payment surcharge is applicable in case of nonpayment of dues within the stipulated period. This surcharge in most cases goes up to 18 per cent per year NEW DELHI: With its relief being construed as a moratorium on payments, the Union power ministry has clarified that […]
Power ministry brings mechanism for stressed projects for servicing debt in first place
According to the order, all the revenues generated shall be deposited to the TRA. Generally, the lead banker would act as a TRA agent. New Delhi: The power ministry on Monday introduced mechanism ‘Trust Retention Account’ for certain stressed power plants to utilise their surplus after meeting operating expense, for servicing debt in the first […]
Power Ministry approves proposal for early regulatory nod for 66 GW renewable energy projects
As of May 2019, about 80 GW of RE generation has already been commissioned and the balance 95 GW has to come up in the next three years. NEW DELHI: The power ministry Thursday said it has approved the proposal for early regulatory nod by CERC for transmission schemes for 66.5 GW renewable energy generation […]
CEA draws up plans to boost power distribution infra
The Central Electricity Authority (CEA) has anticipated a 40 per cent increase in power distribution infrastructure till 2022. The projection of a 38 per cent increase in distribution substation capacity, 32 per cent increase of distribution transformation capacity and an increase in different type of feeder lengths by 27-38 per cent till 2022 have been […]
Open guarantees for power purchase or face power cuts: Power Ministry’s new order to discoms
The order, applicable from August 1, will ensure curbing adding further to the outstanding bills of Rs 41,747 crore by distribution companies. The Centre issued a first of its kind order on Friday to tame defaulting power distribution companies by asking them to maintain assured payment guarantees with banks for electricity purchases. Experts said the […]
Power ministry, RBI meet on NPA norms postponed, says RK Singh
The ministry had earlier approached the central bank seeking relaxation from stringent RBI norms for the power sector, a source said. The minister further said the government was also planning to bid out about 40,000-50,000 MW of renewable power this year. Power ministry’s meeting with Reserve Bank of India on the revised RBI norms for […]