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Union territories power discoms to be privatised: Nirmala SitharamanBy : Sustainability ..., May 18, 2020
India will privatize electricity distribution companies (discoms) in all its eight union territories, said finance minister Nirmala Sitharaman on Saturday. The announcement was made as part of the fourth tranche of the Rs20 trillion stimulus package to fight the economic... Read more.. |
Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRABy : Sustainability ..., May 15, 2020
Government’s Rs 900 billion liquidity support under Atmanirbhar Bharat package for state power distribution utilities (Discoms) is a much welcome measure, said ICRA a leading credit rating agency. However, this liquidity infusion in Discoms will be in the form of loans... Read more.. |
Power discoms get ₹90,000 crore liquidity lifelineBy : Sustainability ..., May 14, 2020
The government on Wednesday announced a ₹90,000 crore liquidity injection into fund-starved electricity distribution companies (discoms) as part of a stimulus package to revive the country’s battered economy. The announcement, made by finance minister Nirmala Sitharaman, is... Read more.. |
Govt may lower tariffs to bail out power sectorBy : Sustainability ..., May 13, 2020
India will shortly announce a power sector package that may involve a temporary tariff reduction, concessional finance, and payment of around ₹1 trillion dues of electricity distribution companies (discoms), two government officials said, as part of the stimulus plan... Read more.. |
Lockdown to increase discoms' book losses to Rs 200 bn: ICRABy : Sustainability ..., Apr 30, 2020
The nation wide lockdown to control Coronavirus outbreak is likely to increase the book loss level for the discoms at all India level by Rs 200 billion in FY2021 as it has adversely impacted the electricity demand and the average thermal PLF since March 24, 2020, credit... Read more.. |
MNRE urges Haryana to honour signed green contractsBy : Sustainability ..., Apr 28, 2020
The Ministry of New and Renewable Energy has urged Haryana to honour signed renewable energy contracts and provide them the connectivity they need to start transmitting power. In the past few months, Haryana has been reluctant to give connectivity to 1000 MW of ‘open access’... Read more.. |
Discoms to suffer Rs 30K cr revenue loss, face Rs 50K cr liquidity crunch due to lockdown: CIIBy : Sustainability ..., Apr 20, 2020
Industry body CII on Friday said discoms are likely to suffer a net revenue loss of around Rs 30,000 crore and liquidity crunch of about Rs 50,000 crore due to the coronavirus-induced nationwide lockdown. According to government data, the discoms owe Rs 92,602 crore to Gencos... Read more.. |
Will mandates change fate of distributed renewables post COVID-19?By : Sustainability ..., Apr 14, 2020
India’s renewable energy (RE) sector relies mostly on large-scale solar and wind installations. Distributed renewable energy (DRE), a part of the sector which includes solar rooftop, open-access solar and solar water pumps, is an already struggling sector. The sector's... Read more.. |
Deemed usage charge for not honouring green PPAsBy : Sustainability ..., Apr 7, 2020
In a move aimed at providing relief to renewable energy producers, the government has said distribution companies that do not honour their power purchase agreements will be charged for 'deemed generation.' Discoms that curtail the use of renewable energy will have to pay... Read more.. |
India’s power demand fell by 32000 MW within minutes on April 5By : Sustainability ..., Apr 7, 2020
India witnessed a plunge in the demand of power last night when people illuminate diyas and candles, and shut the lights off after Prime Minister Narendra Modi advised them to do so. This has been confirmed by the power ministry. R.K Singh, Minister of State Power and New... Read more.. |