Debt-ridden firm IL&FS has approached the National Company Law Appellate Tribunal (NCLAT) seeking the release of around Rs 145 crore held by Gujarat Urja Vikas Nigam. A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya
The state government-owned power distribution company, Dakshinanchal Vidyut Vitran Nigam Limited (DVVNL), has in recent months issued bills to over 10,000 people in Agra district who are living without any power supply.
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.