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Power Exchange India starts real-time market for electricity transactions

By : Sustainability ..., Jun 2, 2020

Power Exchange India Ltd (PXIL) on Monday said it has kick-started Real Time Market (RTM) for electricity transactions. The RTM enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery. "The first...

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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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COVID-19: Labour migration to pose short-term challenges for power, renewable energy sectors

By : Sustainability ..., May 1, 2020

The COVID-19 pandemic has pushed the country under an extended lockdown creating a cascading effect on economic growth but the labour migration caused by it is posing serious challenges for the power and renewable energy industries. The exodus of migrant labourers from major...

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Power from non-coal sources on rise in India

By : Sustainability ..., Nov 6, 2019

When economies stumble, slackening electricity demand is a very common symptom, and in India's case, the current rapid decline is quite specific to coal, an international researcher said on Tuesday. Collectively, power from all non-coal sources grew by about 24,000 gigawatt...

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Corporate tax cut to lead to Rs 2,500 cr power discoms savings

By : Sustainability ..., Oct 1, 2019

The Centre's recent move to lower the corporate tax rate is a positive development for the power sector as it is expected to save Rs 2500 crore a year for the state distribution companies, ratings firms Icra said on Monday.

The move would allow power generators with...

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Telangana to go for 1,000 Mw solar power, one-time settlement of power dues

By : Sustainability ..., Aug 1, 2019

The Telangana government on Wednesday said it would go for one-time settlement of dues of panchayats and municipalities to state-run electricity organisations and warned that henceforth heads of...

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Govt’s 100-day plan aims to re-energize India's power sector

By : Sustainability ..., Jun 12, 2019

The Union power ministry has proposed a “power sector council" to address issues between the Union and state governments as part of the ministry’s 100-day action plan for the second term of the...

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Niti's roadmap for power reform: Privatisation of discoms, more auctions

By : Sustainability ..., Dec 20, 2018

Government think tank Niti Aayog in its strategy document Wednesday suggested for the power sector a plethora of reforms like promoting smart grids, auctioning of energy, privatisation of...

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India still faces challenges to meet growing power demand: World Bank

By : Sustainability ..., Dec 20, 2018

Despite making a remarkable progress in electricity distribution over the years, India still faces challenges to meet its growing demand for power and reliable supply still remains low in the...

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Global power and utilities deals reach all-time high in H1

By : Sustainability ..., Sep 5, 2018

The value of deals in the global power and utilities sector reached an all-time high of $180 billion in the first half of this year, research by accounting firm EY showed on Tuesday...

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