Power minister RK Singh on Monday called for immediate correction of wrong policies like continuing state subsidies for large sections of electricity consumers and billing-and-collection inefficiencies which keep state distribution companies (discoms) in poor financial health. Stressing the need for robust and sustainable revenue stream for discoms which have been given many bailout packages, the […]
Category: Power
Power
Delhi Govt schools monetise solar power, expect to earn Rs 8.5 crore and save Rs 8.8 crore on bills!
Government schools in Delhi are eyeing substantial income, apart from significant reduction in electricity bills, as they start earning money by selling electricity generated by the rooftop solar systems installed on their buildings. Under the Centre’s scheme for government building solarisation, the Delhi government has developed over 21 mega-watt (MW) of solar rooftop plants on […]
UK PM Boris Johnson praises India’s ‘incredible’ solar power strides at climate summit
British Prime Minister Boris Johnson has hailed the ‘incredible things’ being done by India in the solar energy sector as he warned that the emergency facing the world from climate change was far more destructive than even the coronavirus pandemic. Johnson said this in his address to the Climate Ambition Summit this weekend, co-hosted by […]
Discoms’ overdues remain flat in October
October saw the pending dues of discoms to gencos rise marginally m-o-m (1%) to Rs 1.26 trn though the figure was up 35% y-o-y. Of the Rs 125 bn of outstanding amount (less than 60 days) owed by discoms in October 2020, only 13%, or Rs 20 bn, was paid. The total outstanding amount stood […]
Rider to old PPA cancellation policy a concern for NTPC
The power ministry’s proposal that electricity discoms can relinquish power purchase agreements (PPAs) of over 25 years with the central generating stations (CGS) lacks clarity on whether these loss-making entities can retain a section of the pacts that makes business sense for them, analysts said. The proposal is also silent on allocation of coal to […]
India seeks cheaper renewable power contracts to spur projects
India is considering plans to assist renewable energy developers as cash-strapped utilities shun the long-term contracts needed to underwrite new wind and solar projects, according to people familiar with the proposals. State-run Solar Energy Corp. is discussing an option to pool electricity supply from renewable energy projects by developers including Adani Green Energy Ltd. and […]
Fighting energy poverty: Why reliable, affordable electricity is key to India’s economic growth
India’s energy access challenges have come down significantly in the last two decades, due to the concerted efforts by national and state governments. Though significant progress has been seen on the electrification of willing households, gaps still exist. Access to energy runs along the fault lines of poverty and inequality: those who are unable to […]
India at dramatic inflexion point from where its economy will grow to ten times by 2050, says Gautam Adani
Billionaire Gautam Adani on Wednesday said India is at a dramatic inflexion point from where its economy will grow to ten times by 2050 with the nation having several trillion-dollar companies and cheapest power from renewable energy. In his talk on ‘Incredible India and the opportunities ahead for India’ at the TiE Global Summit, Adani […]
Captive to inefficiencies: What our policy should be towards captive units
There are occasions where decisions taken in the past in good faith come back to haunt us due to altered circumstances. This is exactly the case with our captive plants and group captive plants, also called non-utilities at a generic level. A captive power plant is one which is dedicated to one or more industrial […]
Discoms’ revenue gap to rise by Rs 300 billion
Given the lockdown restrictions which led to a significant drop in revenue from commercial & industrial consumers, the revenue gap for discoms is estimated to increase by Rs 300 billion in FY21, ICRA has said. This is lower than earlier estimated due to the better-than-expected recovery in demand. But the FY21 loss would rise sharply […]
ADB approves $190 million loan for upgradation of Bengaluru power distribution system
Asian Development Bank (ADB) has approved a USD 190 million (over Rs 1,400 crore) loan for modernisation and upgradation of power distribution system in Karnataka’s capital city of Bengaluru. “ADB has approved a combined sovereign and non-sovereign loan of USD 190 million to modernize and upgrade the power distribution system in Bengaluru city in the […]
Gujarat’s renewable energy capacity set to touch 12,000 MW
Installed capacity of renewable energy in Gujarat is likely to touch the 12,000-MW mark in the coming days due to the state government’s push for solar power generation, especially that of rooftop solar energy. Sources in the Gujarat Energy Development Agency (GEDA), a premier organisation working in the field of renewable energy development and energy […]