Editorial- February 2019

More than 20,000 households of Rajouri district in Jammu and Kashmir have been electrified under Saubhagya. Most of the beneficiaries of the scheme are from BPL and SC/ST category. The scheme has given electricity to those who never saw lights in their life at their homes. They are happy and excited. The government has connected […]

Editorial- January 2019

The Supreme Court has given its ruling in the case of three Power Stress projects of Tata, Adani and Essar established in the state of Gujarat. The ruling comes after hearing all parties and after a six-year long legal process. The ruling was made on the joint application made to the Supreme Court by the […]

Editorial- December 2018

Power sector financial stats is thunderous. Gross loans and advances given to power sector as on June 2017, stood at Rs 559,025 crore, out of which Rs 37,941 has become NPA. Out of a total 40,130 MW stressed power assets, 24,405 MW capacity has been commissioned while the rest is at construction stage. Out of […]

Editorial- November 2018

OMCs have invited EoI for supplying compressed biogas (CBG) to their retail outlets from plants processing biomass and waste. The schedule has been announced till Mar 31, 2019. EoIs will be issued every month, it is an ongoing empanelment and the chosen applicant will be informed after an online evaluation process. For implementing this scheme, […]

Editorial- October 2018

The Supreme Court judgment of April 11, 2017 had ruled against force majeure claims of gencos on the change in law in Indonesia on imported coal. But, it allowed compensations in case of change in the Indian laws. That means the demand of tariff hike on imported coal was dismissed. The gencos involved are: Adani, […]

Editorial- September 2018

The Reserve Bank of India’s circular of February 12, 2018 is under attack. The circular directs all the lenders to identify incipient stress in loan accounts, immediately on default, by classifying stressed assets as special mention accounts (SMA) under three categories depending upon number of default days ie 1 to 90 days. The private power […]

Editorial- August 2018

PwC has presented a debt report on the Adani group to the State Bank of India. The report, all of 111 pages is as alarming as its volume. The Adani group’s total outside liability as on March 31, 2017 stands at a mindboggling Rs 126,354 crore. Outside liability means short-term, long-term borrowings and debt to […]

Editorial- July 2018

CERC has issued a consultation paper that would determine terms and conditions of tariff regulations for the next five years, the duration of April 1, 2019 to March 31, 2024. Stakeholders are to respond by July 15, 2018. The paper should have shown more effort and exactitude regarding the pressing problems of the sector – […]

Editorial- June 2018

This issue is entirely dedicated to exposing financial frauds committed by private companies. The Kochhars saga has been divided into three parts. In Part-1, we have established the fact that Mahesh Chandra Punglia is one of the Name Lenders being used by Venugopal Dhoot for his clandestine operations. Deepak Kochhar’s claim that Rs 64 crore […]

Editorial- May 2018

“yad yad ācharati śhreṣhṭhas tat tad evetaro janaḥ sa yat pramāṇaṁ kurute lokas tad anuvartate”  Chapter III, Verse 21, The Bhagavad Gita Karma Yoga or The Yoga of Action  Whatever the superior person does, that is also followed by others; what standard he or she demonstrates by action, people follow that. This is what Krishna […]

Editorial- April 2018

In a big reform in the coal sector, the cabinet on Feb 20, 2018 allowed private players to commercially mine coal and sell it in the market without any restrictions on price and end-use. They can sell within India and/or export it. With this, the government aims to cut imports, create local jobs, bring efficiency, […]

Editorial- March 2018

The allocations in Budget 2018-19 for flagship welfare projects in power infrastructure will boost the demand for power and is expected to have an overall good impact for the sector. Rs 3,800 crore has been allocated for Deendayal Upadhayaya Gram Jyoti Yojna (DUGJY) and Rs 4,900 crore for Integrated Power Development Scheme (IPDS). The government […]