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ICRA Stands in Favour of Draft Amendments Proposed in Electricity Act

By : Sustainability ..., May 6, 2020

ICRA Limited, an independent investment information and credit rating agency, has stated that it believes that the draft amendments proposed in Electricity Act, 2003 have the scope to strengthen the sanctity of power supply contracts and bring reforms in the distribution...

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Electricity Act Amendments The Big Bang Reforms Solar Sector Needs

By : Sustainability ..., Apr 21, 2020

The amendments proposed in the draft Electricity Act (Amendment) Bill 2020 by the power ministry could be the big bang reforms the power sector, and by extension, the renewable energy sector in India, has been waiting for. If these go through without major changes, then some...

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After Andhra shock, govt plans tribunal to enforce power pacts

By : Sustainability ..., Feb 19, 2020

The Union government plans to set up a new tribunal solely to enforce power purchase contracts, power and new and renewable energy minister Raj Kumar Singh said, creating an additional legal safety net for investors. The National Democratic Alliance government, which is...

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Schemes for discom revival, discom dues liquidation soon: R K Singh

By : Sustainability ..., Feb 3, 2020

Power minister R K Singh on Saturday said the government will soon bring out schemes for discom revival, liquidation of discom dues and amend the Electricity Act to introduce hefty penalties on reneging of any kind of contract. Singh said Power Finance Corporation will set up...

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Generating companies may get to invite bids from discoms to sell power

By : Sustainability ..., Mar 25, 2019

India for the first time may allow electricity generation companies to call bids from state distribution companies to sell power. ...

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By 2022, 21 per cent Punjab power from renewable sources

By : Sustainability ..., Sep 18, 2018

The Punjab State Electricity Regulatory Commission (PSERC) has decided to revise the renewable purchase obligations for Punjab State Power Corporation Limited (PSPCL) till 2022 by inviting...

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India readies a slew of power sector reforms

By : Sustainability ..., Sep 10, 2018

The government has readied a draft of power sector reforms, including implementing the direct benefit transfer (DBT) scheme in the electricity sector for better targeting of subsidies, freeing...

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Government may amend power act to levy hefty penalties on discoms

By : sustainabilityo..., Jan 10, 2018

The government is working on amendments to the Electricity Act to levy hefty penalties on power distribution companies for load shedding and make provisions for direct subsidy transfers by...

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