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Indian Power Sector News

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Under UDAY, states took over Rs 2 lakh cr discom debt, leading to Rs 11,989 cr savings

Under UDAY, states took over Rs 2 lakh cr discom debt, leading to Rs 11,989 cr savings

The governments of 16 states have taken over around Rs 2.08-lakh-crore debt of electricity distribution companies (discoms) as per the terms of the Ujwal Discom Assurance Yojana (Uday). This helped in lowering of interest rates to 7-8.5% from around 11-12%, resulting in Discoms saving Rs 11,989 crore till December 2016. Experts believe that though such measures are helping discoms turn around, it is putting palpable financial pressure on the states. Analysts believe that these developments would contribute in raising the fiscal deficit of the states.

 

MSEDCL to install pre-paid electricity meters in govt quarters

MSEDCL to install pre-paid electricity meters in govt quarters

At a time when most of the consumers are complaining that they are forced to pay high electricity bills, a peculiar trend of government employees defaulting on power bills have come to the fore. Now the MSEDCL has come up with an effective tool to do away with the piling up defaults.

MSEDCL has decid...

Cabinet may consider Rs17,000 crore hydropower policy this month

Cabinet may consider Rs17,000 crore hydropower policy this month

The Union cabinet may take up for approval this month the hydropower policy which aims to provide Rs16,709 crore support for stalled 40 hydel projects, entailing 11,639 megawatt (MW) capacity, and to classify all such ventures as renewable energy.

"Power ministry had finalised the policy last month a...

Experts sceptical over bailing out ailing power projects

Experts sceptical over bailing out ailing power projects

Tata Power became the second company after Adani Power Ltd (APL) to propose that State power procurers take control of its ailing imported coal-based power project.

Apart from Tata's 4,000-MW Mundra Ultra Mega Power Project (UMPP), two other large power plants in Gujarat, namely Adani's 4,620-MW Mund...

Cross-subsidy on power should go: Niti Aayog

Cross-subsidy on power should go: Niti Aayog

Federal policy think-tank Niti Aayog has pitched for letting power utilities realize full market price from all consumers by doing away with cross-subsidy provided to poor consumers.

The recommendation is part of a new draft energy policy Niti Aayog unveiled late on Tuesday. The draft policy also pro...

After Tatas, Adanis, Essar Power seeks rescue of its loss-making Gujarat plant

After Tatas, Adanis, Essar Power seeks rescue of its loss-making Gujarat plant

Essar Power has joined Tata Power and Adani Power in the move to seek possible solutions for its imported coal-based thermal plant in Gujarat that has been making losses for the last five years.

Essar Power Gujarat (EPGL), an SPV set up by Essar Power to develop, build, own and operate 1200 MW import...

Punjab National Bank gets green signal to act against Bhushan Power

Punjab National Bank gets green signal to act against Bhushan Power

A consortium of lenders has given Punjab National Bank  the mandate to begin bankruptcy proceedings against Bhushan Power and Steel, one of the largest defaulters among the 12 companies identified by the Reserve Bank of India. The company, promoted by Sanjay Singhal, has outstanding loans of mo...

Telangana - Aadhaar made mandatory for power connection in NPDCL

Telangana - Aadhaar made mandatory for power connection in NPDCL

The Northern Power Distribution Company Limited (NPDCL) has made submission of Aadhaar card mandatory for all the consumers seeking electricity connections in the undivided Karimnagar district.

The NPDCL authorities informed the existing consumers also to submit their Aadhaar card number details alon...

Tata Power offers to sell 51% stake in Mundra UMPP for Re1

Tata Power offers to sell 51% stake in Mundra  UMPP  for Re1

Tata Power Co. Ltd has offered to sell 51% stake in its Coastal Gujarat Power Ltd (CGPL) unit, which runs the 4,000 mega watt (MW) Mundra power plant, for a token sum of Re1.

In a 7 June communication to state-run Gujarat Urja Vikas Nigam Ltd (GUVNL) , CGPL offered the stake to the discoms that have ...

Minister Piyush Goyal launches Merit Order Despatch portal

Minister Piyush Goyal launches Merit Order Despatch portal

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines Piyush Goyal launched merit order despatch Portal for Power Sector in association with POSOCO and IMD at the meeting of the Forum of Regulators on 23-06-2017.

Day to day weather variations have an impact on load demand...

Regulatory Commissions, Not Courts To Determine Electricity Tariff - SC

Regulatory Commissions, Not Courts To Determine Electricity Tariff - SC

The Supreme Court, in Waryam Steel Castings Pvt Ltd vs Punjab State Power Corporation, has reiterated its stand that it would not be proper for the court to examine the fixation of electricity tariff rates or its revision, while dismissing appeals preferred by arc furnace industries in Punjab.

A benc...

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