The power ministry is mulling a reward of Rs 50 lakh for state utilities employees and a grant of Rs 50 crore for discoms which will meet household electrification target under Saubhagya scheme at the earliest.
Union Power Minister R K Singh today asked all states to use allocated funds under various schemes, including IPDS and DDUGJY, to achieve the electrification target for all households by year-end.
A conference of Ministers for Power, New & Renewable Energy of States & Union Territories will be held on July 3 at Shimla, Himachal Pradesh.
Stressed power assets have got a major boost as the power ministry has strongly recommended substantial changes to the RBI’s controversial Feb 12 circular on loan defaults that industry says will send capacity of 30,000 megawatts into liquidation, while the coal ministry has assured higher fuel supply to thermal plants with the help of auctions.
The power ministry has advised all state governments and private power distribution companies (discoms) to import coal as Coal India was unable to meet the growing demand.
The West Bengal Government wants to achieve a target of 200MW with respect to annual generation of solar power.Currently, the generation capacity is 70MW.
Replying to the Union power ministry’s request for extension to stressed power projects, the Reserve Bank of India (RBI) has said that no such extension would change the fundamental issues facing the power sector.
‘All meters to be smart prepaid in 3 years’, says Power Minister; advises meter manufacturers to scale up production
This one step to bring about revolution in power sector, generate employment
Power Minister RK Singh said Coal India has given assurances of meeting the power ministry’s coal demands, and said he was in regular touch with the ministry of coal and ministry of railways, regarding the shortage of coal.
From electrification of villages to making India a power surplus country, the power ministry has been unwavering in its endeavour to light up the nation. As Modi government completes its four years, it would not be wrong to say that power ministry, which was under Piyush Goyal till recently, has been one of the top performing ministries.