Generating companies may get to invite bids from discoms to sell power

Generating companies may get to invite bids from discoms to sell power

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

BSES gears up to meet Delhi’s summer power demand

BSES gears up to meet Delhi’s summer power demand

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.

Discoms cannot evade late payment surcharge

Discoms cannot evade late payment surcharge

The Cabinet Committee on Economic Affairs said late payment surcharge will be made mandatory for power distribution companies. This is in line with the recommendations of a Group of Ministers (GoM) on issues relating to stressed thermal power projects.