Important Economic Sectors See Positive Impact of Demonetisation

Sectors of Power, Coal and Mines Show Impressive Growth After Demonetisation

Important Economic Sectors See Positive Impact of Demonetisation

ower generation growth in November on y-o-y basis was 8.53% as against October when it was 1.27%. As against Electricity Generation of 85.904 billion units in Nov 2015, Nov 2016 witnessed a figure of 93.235 –a growth of 8.53%.

Haryana’s Power DISCOM Becomes The 1st To Turnaround Under UDAY

The DHBVN or Dakshin Haryana Bijli Vitran Nigam--- one of the two state power distribution companies of Haryana that joined the UDAY scheme on March 11, 2016 has not just been able to completely wipe out its losses for the first time but has also posted a profit of Rs 201.35 crore in the first half of the current financial year (2016-17) as against a loss of Rs 479 crore last financial year (2015-16).

Haryana’s Power DISCOM Becomes The 1st To Turnaround Under UDAY

In what comes as a big success for the Union minister for power, RE, coal and mines, Piyush Goyal (who spent days and months in convincing states to join the Centre’s flagship scheme —- UDAY or Ujwal DISCOM Assurance Yojana for the financial and operational turnaround of state power distribution companies), India has got its first state power distribution company that has been able to eliminate its losses after joining within 10 months of joining UDAY.

Information Technology Holds An Important Key To Transform Indian DISCOMs Into Profitable Entities

Moving in this direction, the Power Ministry is likely to award the works to have IT-driven power distribution in as many as 2,636 towns across the country by the end of December this year. The savings on this account, once the work is completed in these towns, could be in the range of Rs 10,000 crore annually.

Information Technology Holds An Important Key To Transform Indian DISCOMs Into Profitable Entities

IT enabled power distribution systems helps discoms reducing aggregate technical and commercial (AT&C) losses. This aids them to monitor the feeders online. Besides IT driven power distribution system provides consumers a host of services like online bill payment, applying for new connection and knowing status of power supply situation in these towns in real time basis.

Aravali Power Company Serves Notice to BRPL & BYPL for Non Payment of Dues

Aravali Power Company Serves Notice to BRPL & BYPL for Non Payment of Dues

Aravali Power Company Pvt. Ltd. (APCPL), Jhajjar has been supplying power to the BSES DISCOMs in Delhi, viz BSES Rajdhani Power Ltd. (BRPL) & BSES Yamuna Power Ltd. since 05.03.2011. The power allocated to these DISCOMs from APCPL is 445 MW (372 MW & 73 MW respectively) & average monthly energy bill is presently of the order of Rs. 87 Cr. (Rs. 73 Crs. & Rs. 14 Crs. respectively) for the current financial year.

Goyal Ask States to Encourage Industry and Enterprises For New Investments on Back of Assured Power Supplies

Goyal said electricity can be offered to the industry on a long term basis for 10-15 years and at a fixed cost, even if it comes at a slight escalation. This, he said, will encourage industry to consider new investment opportunities in states, leading to new job creation opportunities.

Goyal Ask States to Encourage Industry and Enterprises For New Investments on Back of Assured Power Supplies

In order to create job opportunities in every state, power, coal, RE and mines minister of state (Independent Charge), Piyush Goyal has proposed to states to encourage industry and enterprises and consider new investment and growth opportunities by offering them quality supply of power at an affordable price.