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 […]
Government of India proposes ADITYA – A Discom reform Initiative as UDAY prepares to retire
In a decent development, the Government of India proposes a grant of INR 1.1 Lakh Crore for state discoms under a new scheme – Atal Distribution System Improvement Yojana (ADITYA). The scheme is supposed to be announced in the upcoming budget. The initiative is an advancement as UJJWAL Yojana is about to get expired in March […]
States to face fund cuts for missing UDAY targets
The Centre in November 2015 had launched the UDAY to bring about operational and financial turnaround of debt-laden power distribution companies. NEW DELHI: The Centre has proposed reduction in power sector funds of the states that would not maintain performance benchmarks set under the second version of UDAY scheme, which is at the draft stage, […]
No power supply to discoms without bank guarantees
The move comes on the backdrop of the deep financial stress being faced by the power industry due to non-payment of dues The Union power ministry has directed electricity generators to snap supplies to state distribution companies which have failed to open or maintain bank guarantees. Following this directive, the states will have no option […]
Thermal power ends FY19 on a glum note, only 29% of target achieved
Although 7266.15 Mw in fresh thermal power capacity was supposed to be added, only 2129.75 Mw was actually added The domestic thermal power sector hit many speed bumps in FY19 and managed to achieve just 29 per cent of the envisaged target. Although 7266.15 Mw in fresh thermal power capacity was supposed to be added, […]