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Power ministry floats Cabinet note to relax discoms’ borrowing limit

By : Chetanya Mehra, Jul 29, 2020

With some state electricity distribution companies (discoms) unable to avail India’s ₹1.25 trillion reform-linked loan package for clearing outstanding dues, the union power ministry has moved a...

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Subject Tags: DISCOM , electricity dues

Coronavirus lockdown: Discoms get 3 months for payment to ensure 24x7 power supply

By : Sustainability ..., Mar 30, 2020

The union government has approved a financial relief package for the power sector, that entails a three month moratorium on state owned electricity distribution companies (discoms) to make payments for the electricity bought by them, and reducing the payment security amount...

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Andhra discoms clear dues to renewable energy developers

By : Sustainability ..., Mar 16, 2020

Power distribution companies in Andhra Pradesh have cleared all dues of renewable energy developers in accordance with a court directive, and scaled down the practice of reducing purchase of green power, bringing relief to the sector that has been under immense pressure in...

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AP Govt releases Rs 2,984 cr to clear power dues

By : Sustainability ..., Feb 27, 2020

The Andhra Pradesh government on Wednesday released a sum of Rs 2,984 crore to clear long- pending dues to solar and wind power generators, central generating stations and state generating stations. Of the total, Rs 2,199 crore will go to CGS and SGS while solar and wind...

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Top Andhra discom seeks more time to clear Rs 599 crore dues

By : Sustainability ..., Feb 19, 2020

Andhra Pradesh’s main power distribution company has sought more time to clear outstanding dues of Rs 599 crore it owes to renewable energy developers. In an affidavit filed with the state high court on Monday, the Andhra Pradesh Southern Power Distribution Company Limited (...

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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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Govt plans to bail out clean energy firms

By : Sustainability ..., Dec 4, 2019

The Centre is considering offering state governments concessional loans from public sector lenders Power Finance Corp. (PFC), Rural Electrification Corp. Ltd (REC) and Indian Renewable Energy Development Agency (IREDA) to help power distribution companies clear green energy...

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Centre, Andhra reach a compromise on green contracts

By : Sustainability ..., Nov 29, 2019

The Centre and Andhra Pradesh have reached a compromise to end the impasse over the Y.S. Jagan Mohan Reddy-led government’s controversial decision to reopen renewable energy contracts inked by the previous state government. The compromise was struck during a meeting attended...

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Haryana govt starts new scheme to recover pending power dues

By : Sustainability ..., Dec 12, 2018

The Haryana government has started a new scheme for defaulters who have not cleared their pending electricity dues since 2005.

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