Moody’s today projected a stable outlook for power sector while its Indian affiliate ICRA said that reforms for the distribution sector under UDAY schemehave seen mixed results.
State-run Energy Efficiency Services Ltd (EESL) which is implementing the seven million solar study lamp scheme of the Ministry of New and Renewable Energy (MNRE) with the Indian Institute of Technology Bombay (IIT-B), is planning to take it as a business model for distribution of solar lamps throughout the country.
Engineering and construction major L&T today announced its arm L&T Construction has bagged orders worth Rs 2,440 crore for erection and commissioning of multiple power transmission and distribution projects apart from solar plants.
In bid to provide updates regarding electricity supply to consumers, Uttar Pradesh Power Corporation (UPPCL) will be introducing ‘urja mitra’ mobile application on May 1, 2018.
Surcharge on power for farmers has been waived off with immediate effect, Uttar Pradesh Chief Minister Yogi Adityanath announced on Thursday evening.
Rajasthan has deployed ABB technologies, the power and automationtechnology group, for 40 per cent of clean solar powergenerated in the state, an official of the technology service provider company said.
In what seems a throwback to history, only six states and one Union Territory among the 31 that had signed up since November 2015 for the power discoms’ revival scheme Ujwal Discom Assurance Yojana (UDAY) have reported meeting the respective FY17 targets to reduce aggregate technical and commercial (AT&C) losses.
The electric utility, traditionally, is one of the most conservative and defensive sectors, with mostly government-controlled entities. After the opening of the sector, there is substantially private sector investment in both regulated and unregulated services.
Attracted by proposed power sector reforms and India’s potential, Italy’s Enel Group is exploring the possibility of entering India’s electricity distribution business, two people familiar with the development said.
In what is believed to be a milestone, more than 28 crore LED bulbs have been distributed under Unnat Jyoti by Affordable LEDs for All (UJALA) Scheme till 19th December 2017.