Power Sector

Power Sector News

Central government 'strengthened power sector by removing many previous shortcomings,' says PM Narendra Modi
India

Central government 'strengthened power sector by removing many previous shortcomings,' says PM Narendra Modi

Pradhan Mantri Ujjwala Yojana was launched by PM Modi on 1 May, 2016, to distribute 50 million LPG connections to women of Below Poverty Line families

India's power consumption grows 13.6% to 132.98 billion units in April, shows govt data
India

India's power consumption grows 13.6% to 132.98 billion units in April, shows govt data

Power consumption in April last year was recorded at 117.08 BU, which was higher than 84.55 BU in the same month of 2020

Entities in India’s power sector are selling without getting money on time
Business

Entities in India’s power sector are selling without getting money on time

Power distribution companies have accumulated losses of over Rs 5 lakh crore and regulatory assets worth Rs 1.25 lakh crore. Yet, they continue to supply electricity to consumers, with occasional power cuts

Power sector workers to hold nationwide protest on 1 February
India

Power sector workers to hold nationwide protest on 1 February

According to the statement, National Coordination Committee of Electricity Employees & Engineers (NCCOEEE) has also decided that the core committee leaders will meet the Punjab Governor on 1 February, 2022 and hand over a memorandum to him against the privatisation of Chandigarh UT Power Department

Moody's cuts outlook for Indian power sector due to coronavirus-induced stress
Business

Moody's cuts outlook for Indian power sector due to coronavirus-induced stress

Moody's Investors Service on Friday cut its outlook for the Indian power sector to negative as it expects power demand to drop at least four to five percent in fiscal 2021 due to slowing activity and policy actions amid coronavirus-induced pressure

Power sector stress spreads to new areas, corporate India’s poor Q3 numbers just a trailer; all this and more on Moneycontrol Pro
Business

Power sector stress spreads to new areas, corporate India’s poor Q3 numbers just a trailer; all this and more on Moneycontrol Pro

The Ujwal Discom Assurance Yojana (UDAY), which was launched more than four years ago, has failed to revive the electricity distribution sector to the desired strength.

Delhi Assembly Election 2020: Has the AAP government lived up to its promises on power?
Politics

Delhi Assembly Election 2020: Has the AAP government lived up to its promises on power?

Across Delhi — from those living in small tenements to residents of big bungalows — everyone has benefitted, to some extent, from AAP’s promise to reduce their power bills. Ever since it came to power, for 49 days in 2013 and for five years in 2015, AAP, in its manifesto, had promised and claimed that it had reduced citizens’ electricity dues by 50 percent.

Budget 2020: Govt proposes Rs 22,000-cr outlay for power, renewable energy sector in FY21; consumers can choose service provider soon
Business

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.

Coal allocation by CIL to power sector under e-auction drops 23% to 16.95 million tonnes in April-November
Business

Coal allocation by CIL to power sector under e-auction drops 23% to 16.95 million tonnes in April-November

State-owned Coal India allocated 16.95 million tonnes (MT) of the dry fuel under special forward e-auction to the power sector in the April-November period of this fiscal, down 22.6 percent over the year-ago period

Domestic industry for continuation of anti-dumping duty on certain steel items from 3 countries; Govt starts probe
Business

Domestic industry for continuation of anti-dumping duty on certain steel items from 3 countries; Govt starts probe

The Directorate General of Trade Remedies is an arm of the commerce ministry which carries out investigations in case of dumping of goods, a significant increase in imports of a product and increase in imports of subsidised items

Power sector to save Rs 2,500 cr annually after corporate tax cut; supply cost to come down for discoms: ICRA
Business

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

Slowdown has no bearing on power sector, growing at almost 7%: Union Minister RK Singh
Business

Slowdown has no bearing on power sector, growing at almost 7%: Union Minister RK Singh

Amid a deepening slowdown in the economy, power demand has stood out, growing almost 7 percent on the back of the world's largest new consumer addition programme that has taken electricity to almost every doorstep

Yogi Adityanath set to fly to Russia today for two-day visit; UP CM likely to sign MoU regarding agriculture, power sectors
India

Yogi Adityanath set to fly to Russia today for two-day visit; UP CM likely to sign MoU regarding agriculture, power sectors

Uttar Pradesh chief minister Yogi Adityanath is all set to embark on a two-day visit to Russia today.

K Chandrashekhar Rao reviews power sector in Telangana, assures electricity bodies of necessary financial support
India

K Chandrashekhar Rao reviews power sector in Telangana, assures electricity bodies of necessary financial support

Chief Minister K Chandrashekhar Rao assured that the government would give necessary financial support to electricity organisations in Telangana.

Industrial output contracts 0.1% in March to lowest in 21 months as manufacturing sector growth slows down
Business

Industrial output contracts 0.1% in March to lowest in 21 months as manufacturing sector growth slows down

Industrial output growth was 4.6 percent and 3.3 percent in 2016-17 and 2015-16, respectively.

Govt to allot 10 coal mines to CIL in 2019, expects higher output to meet fuel demand
Business

Govt to allot 10 coal mines to CIL in 2019, expects higher output to meet fuel demand

Of the 85 mines already allotted, 23 have already started production and the Coal ministry expects 20 more mines to begin production in the current financial year ending March 2019

Electricity meters to be made smart prepaid in three years; move to reduce transmission, distribution losses
Business

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.

RBI board meet today: India can't afford a warring central bank and government; time for clarity
Business

RBI board meet today: India can't afford a warring central bank and government; time for clarity

The RBI Board meeting is very important as it will set the ideology in place that will guide the central bank in future

RBI-govt spat: International Monetary Fund against interference that compromises central bank's independence
Business

RBI-govt spat: International Monetary Fund against interference that compromises central bank's independence

The standoff was in relation to RBI's handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector.

RBI invited to attend meeting of committee for resolution of stressed power assets: Union minister RK Singh
Business

RBI invited to attend meeting of committee for resolution of stressed power assets: Union minister RK Singh

The RBI's new framework provides that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above even at the default of a day.