The Ministry of Power (MoP) has constituted a new committee to study and submit its recommendations into the issue of delayed payments by distribution companies (DISCOMS) to power generating companies (GENCOs) and Independent Power Producers (lPPs).
Union Power Minister R K Singh on Wednesday said the Modi government has made tremendous progress on the electricity generation front and India has started exporting energy to neighbouring countries.
The government will soon approve the power tariff policy which would provide for a penalty for unscheduled power cuts by distribution companies from April 1, Power Minister R K Singh said on Tuesday.
India is all set to achieve 100 per cent household electrification by the month end, with 2.44 crore families having received power connections out of the targeted 2.48 crore under the Rs 16,320 crore Saubhagya scheme
Achieving 100% electrification in India has always been a prime focus area of the government, considering the development objectives such a step can secure and support.
The Union government has plans to invite bids for Rs 16,000 crore worth of power transmission projects this year (2019), with most of them connecting renewable energy projects to the grid, reports Business Standard (BS).
In a bid to accelerate the renewable energy capacity addition in the country, the Union Power Ministry for Power has notified shorter timelines for players to set up solar power projects once the power purchase agreements are signed, reports Financial Express (FE).
The power ministry has recommended ‘maharatna’ status for Power Grid Corp of India Ltd (PGCIL), the country’s largest power transmission company, according to an official.
Consumers can pay ‘time of the day tariff’ — higher charges during peak hours and lesser amount during other times — once smart electricity meters are installed across the country, Power Minister R K Singh said Wednesday.
The power ministry needs to persuade states not to levy any water cess on hydro power projects, as the states get free power from such plants in their jurisdiction, said a parliamentary panel Friday.