Energy sector technocrats representing some 1.5 million public sector powermen have opposed NITI Aayog’s proposals, in its strategy paper, to privatise power distribution in urban areas and run a franchisee system in rural.
The Goa government has decided to upgrade the electricity transmission and distribution network across the coastal state at a cost of Rs 1,000 crore, a senior official said on Monday.
For the Indian electorate, electricity has always been important– in terms of access, reliability and cost. In the lead up to this Lok Sabha election, lakhs of new consumers were connected to India’s electricity grid.
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.
Private Power producers have pleaded with the Supreme Court that the February 12 circular of the RBI will further accentuate the already existing grave problems afflicting the health of the sector while challenging the validity of the central bank`s order.
If India’s power sector has seen a spate of loan defaults and insolvencies in recent years on ambitious demand projections going awry, the current financial year has witnessed the lowest rate of addition in net generation capacity in at least the past two decades (see chart).
With a view to provide a sentimental boost amid a sagging investment climate, the Union Cabinet on March 7 approved a slew of measures for the domestic power sector, particularly related to stressed assets.
A year after the Reserve Bank of India (RBI) tightened the screws on companies delaying debt payments, the Supreme Court is poised to begin hearing arguments on whether the banking regulator’s diktat applies across industries.
After the pilot scheme to procure electricity from 2,500 MW capacity without power purchase agreements (PPAs) evoked a lukewarm response from the industry, the Union power ministry has floated the second round of a similar
India’s power sector is at an interesting crossroads. Perhaps for the first time in the history of any nation, the country is moving towards meeting the electricity aspirations of its population through an ambitious renewable energy expansion.