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Union territories power discoms to be privatised: Nirmala Sitharaman

By : 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...

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Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRA

By : 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...

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Power discoms get ₹90,000 crore liquidity lifeline

By : 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...

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Govt may lower tariffs to bail out power sector

By : 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...

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Lockdown to increase discoms' book losses to Rs 200 bn: ICRA

By : 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...

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MNRE urges Haryana to honour signed green contracts

By : 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’...

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Discoms to suffer Rs 30K cr revenue loss, face Rs 50K cr liquidity crunch due to lockdown: CII

By : 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...

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Subject Tags: CII , coronavirus , DISCOMS

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...

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Deemed usage charge for not honouring green PPAs

By : 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...

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India’s power demand fell by 32000 MW within minutes on April 5

By : 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...

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