The future of power sale agreements (PSAs) for 400 MW of grid-connected solar projects in Andhra Pradesh appears uncertain. The Andhra Pradesh Southern Power Distribution Company (APSPDCL) has written to the Solar Energy Corporation of India (SECI)
Attempts by state power distribution companies (discoms) to renegotiate power purchase agreements (PPAs) will bode poorly for investors in the sector, a report by credit ratings agency ICRA has said.
The government is going to work with the state governments to remove the barriers in the implementation of the ambitious UDAY scheme for the turnaround of power distribution companies, Finance Minister Nirmala Sitharaman said today.
The Ministry of New and Renewable Energy (MNRE) has issued a notification regarding the modalities and role of distribution companies (DISCOMs) to ensure the smooth implementation of the second phase of the Central Public Sector Undertaking (CPSU) program.
In a bold move, RK Singh, Union Minister of State for Power and New & Renewable Energy has announced the approval of a proposal to make it mandatory for distribution licensees to open and maintain adequate Letter of Credit (LC) as payment security mechanism under power purchase agreements.
After connecting over 2.62 crore households with power supply connection under Saubhagya scheme, the Narendra Modi-led government has now advanced its goal to provide 24-hour quality and reliable power supply across India.
If the demand of discoms to increase power tariff is accepted by the Madhya Pradesh Electricity Regulatory Commission (MPERC), domestic consumers will have to bear a major portion of the brunt
With election over, so are the freebies. Before the polls, power discoms in MP had sought a power tariff hike of only 1.59% and now, two months down the line, the same discoms are asking for a whopping 12% hike. So brace for a steep hike in energy bills.
Power gencos outstanding dues on discoms jumps 63% to nearly Rs 39,000 cr in March; sector’s stress mounts
The outstanding dues of power producers on distribution utilities soared by 63 percent to Rs 38,696 crore in March 2019 as compared to the same month year ago, reflecting stress in the sector.
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.