With state-run electricity distribution companies (discoms) missing key targets of the UDAY scheme, the government is looking at options to “insulate” these entities from the risk of delayed payments from bulk consumers such as local bodies and state government departments.
The Rajasthan Electricity Regulatory Commission (RERC) has dismissed petitions filed by captive solar project developers seeking relief from applicable wheeling and banking charges.
Recently, the Bihar State Power Holding Company Ltd. (BSPHCL) wrote to the state’s electricity commission BERC seeking its approval to carry forward the shortfall in the renewable purchase obligations (RPO) for the financial year 2018-19 to the next year.
The power ministry’s second auction for procuring 2.5 GW of thermal power in medium term at a higher tariff of Rs 4.41 per unit compared to Rs 4.24 per unit in the first round is positive for power producers, but signing of sale agreements with discoms remains crucial, ICRA said on Thursday.
Reduced power demand has been an issue for some time in India and it has been blamed largely on financially challenged DISCOMs (utility companies). One of the most overlooked reasons is energy efficiency.
Gujarat’s discom model for power should be duplicated across India, says ex-coal secretary Anil Swarup
Anil Swarup, a former secretary in the Ministry of Coal, Harry Dhaul, director general of Independent Power Producers Association of India (IPPAI) and Dr. Pramod Deo, former chairperson of CERC discussed the prospects of the power sector.
The importance of the flow of capital into the power and housing sectors in India cannot be overemphasised. Recent developments in both sectors once again bring to the fore the critical issues of effective payment mechanisms and price transparency as vital factors to boost the economy.
As much as ₹3 trillion of investment in a dozen private power plants is at risk of turning into NPA as state discoms buying power have not been making payment for months, official data and sources said.
India for the first time may allow electricity generation companies to call bids from state distribution companies to sell power. The move is aimed at introducing market-based price discovery for electricity and curbing nontransparent bilateral ties between states and power plants that are not recognised under the Electricity Act
Peak power demand in Delhi this summer is expected to breach the 7,400 MW-mark and the two BSES distribution companies (discoms) in the capital have taken measures like long-term power purchase agreements (PPAs) and banking arrangements with various states, the BSES said on Friday.