Tata Sons chairman N Chandrasekaran bats for privatisation of power discoms; says system bleeds, all deadlocks should be cleared
His comments come a day after a media report said that half of the thermal power plants in the country the largest source of power are shutting down.
The power and new and renewable energy minister pointed out the power producers are likely to default on their payment obligations due to non-clearance of dues by the discoms
Power gencos outstanding dues on discoms jumps 63% to nearly Rs 39,000 cr in March; sector's stress mounts
According to PRAAPTI portal, distribution companies owed a total of Rs 23,699 crore to power generation companies in March 2018.
Solar power capacity addition fuelled by imports: How local panel producers can benefit from Make in India
Estimates state that 85-90% of solar modules installed in India in 2016-17 were imported (from China and other countries leading to a forex outflow of nearly $3 bn
MobiKwik now allows for payments to 12 more electricity boards across the country
Aam Aadmi Party government on Thursday warned discoms of "serious consequences" if they resort to unreasonable excuses for load shedding and directed them to ensure uninterrupted power supply in the national capital.
Delhi Chief Minister Arvind Kejriwal on Wednesday met Comptroller and Auditor General Shashi Kant Sharma and discussed the status of scrutiny of finances of the private power distribution companies by the auditor which was ordered by the AAP government during its first stint.
The BJP has registered a complaint with the Election Commission against AAP chief Arvind Kejriwal on Thursday after he alleged a nexus between the Delhi BJP chief and power discoms in New Delhi.
The Supreme Court decision to allow CAG to audit telecom companies is retrograde. It will not only overextend the CAG's limited resources, but set a bad precedent for the future
“As the number of protest letters addressed to Sheila Dikshit approaches the 10-lakh figure, the campaign to restore electricity those houses where electricity has been disconnected would be intensified from 6 April,” said a statement released by AAP.
The government will kick start its financial restructuring plan for the power distribution companies from January, next year.