Rs 90, 000 cr package to provide only temporary relief to discoms but not long-term stability: India Ratings
The Rs 90,000 crore package would provide only a temporary relief to power distribution companies but not long-term stability, India Ratings and Research (Ind-Ra) said on Tuesday
Liquidity infusion into ailing discoms a temporary arrangement; move may put more pressure on states: Experts
Currently, the outstanding dues of discoms towards power generating and transmission companies is to the extent of Rs 94,000 crore, which is expected to come down through the relief package.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 90,000 crore liquidity infusion into cash-strapped discoms, facing demand slump due to the lockdown to contain COVID-19
Discoms generate 95% billing efficiency after installing smart meters; monthly revenue per consumer rises up to 20%
States like Uttar Pradesh, Haryana, NDMC New Delhi and Bihar have installed around 9.84 lakh, 1.23 lakh, 57,000 and 28,000 smart meters, respectively, it added.
Average spot power price remains low at Rs 2.36 a unit during lockdown; revival of industry, commerce to be important: IEX
Earlier, the IEX announced its commitment to assuring round-the-clock access to its platform to facilitate uninterrupted power supply to the nation.
The AIPEF had strongly condemned the timings of the power ministry's move to bring back the Electricity Amendment Bill 2020 when the whole country is fighting against the COVID-19 pandemic.
Govt wants power plants to keep buying coal despite weak demand; electricity consumption slumps 21% in first two weeks of lockdown
Power plants buying coal now is crucial for Coal India, as the state-run company’s production and supply capabilities are at their peak.
This Budget paid the most attention to agriculture—if the percentage of spending is the yardstick to go by.
Budget 2020: Govt proposes Rs 22,000-cr outlay for power, renewable energy sector in FY21; consumers can choose service provider soon
Last month, the power ministry asked states to reduce power tariff of consumers having smart metres.
Too many obstacles to business in India; need less suspicion, micromanagement: Tata Sons chairman N Chandrasekaran
Chandrasekaran rued that people who work hard and honestly are put through enormous difficulties and Indians excel in making an ordinary task into an extraordinary one.
Govt approves 2,636 new charging stations in 62 cities under FAME India scheme for e-vehicle push: Prakash Javadekar
The Department of Heavy Industry had invited the expressions of interest from entities for availing incentives under the FAME India Scheme Phase II for deploying charging stations within cities.
Tariff glitches, policy flip-flops, waning interest from developers will have renewable energy target missing by over 42%: Report
The renewable energy sector requires investments of Rs 2.6 lakh crore over the next five years
Power sector to save Rs 2,500 cr annually after corporate tax cut; supply cost to come down for discoms: ICRA
The corporate tax cut is a positive development for the power sector as it will result in an estimated annual savings of Rs 2,500 crore for the power distribution segment, rating agency ICRA said on Monday
Jagan Mohan Reddy's poor decisions on PPAs damaging Andhra Pradesh’s image, says N Chandrababu Naidu
Telugu Desam Party (TDP) chief N Chandrababu Naidu has criticised Chief Minister YS Jagan Mohan Reddy for damaging the goodwill of Andhra Pradesh over his decision of reviewing power purchasing agreements (PPAs) which were made under the TDP rule
Delhi BJP claims AAP govt connived with discoms to levy additional charges on electricity, demands rollback of tariffs
The Delhi BJP demanded that the AAP government roll back surcharge on electricity in the city, accusing the Kejriwal government of conniving with discoms.
Viability, implementation risks constrain outlook for wind energy sector; capacity addition to rise to 16 GW by 2023: Crisil
State auctioning slowed as several states signed PSAs with PTC and SECI to procure wind energy under the schemes auctioned by them, to help fulfil their non-solar renewable purchase obligations targets.
Presently, the Centre is promoting solar pumps in the agriculture sector to ensure use of clean energy and at the same time reduce farm subsidy burden, the minister of state for renewable energy said.
CERC's draft tariff rules positive for power generation, transmission firms; energy production cost may decline: Report
The CERC in its order on 14 December, notified the draft regulations for cost-plus-based tariff determination for the next control period commencing in April 2019 up to March 2024 (FY2020-24).
Electricity meters to be made smart prepaid in three years; move to reduce transmission, distribution losses
Manufacturing of smart prepaid meters will also generate skilled employment for the youth.
Four years from deadline, India met only 6% of solar rooftop installation target; domestic users unimpressed by subsidy
At this rate, missing the target is a foregone conclusion, which also jeopardises India’s overall solar target of 100 gigawatt (GW, equal to 1,000 MW) by 2022.