Category: Power

India will achieve 100 per cent household electrification by March 31 as envisaged in the Saubhagya scheme and the next goal is to achieve round the clock power supply to all households, Power Minister R K Singh said Tuesday. Under the Saubhagya scheme, 2,52,51,880 unelectrified households were to be electrified by March 31. Rajasthan and […]

Apprehending further delay in the resolution process, lenders to Bhushan Power and Steel (BPSL) on Tuesday urged National Company law Tribunal (NCLT) not to give operational creditors any further hearing as the adjudicating authority proceeds to approve the resolution plan for the debt-ridden steelmaker. Senior counsel Ramji Srinivasan, appearing on behalf of the Committee of […]

As dues owed to power generators by the state-owned electricity distribution companies (discoms) continue to rise, the government is deliberating to introduce a pre-paid mechanism to safeguard the interest of power producers. “We have already started bringing in the pre-paid payment system for the end-consumers, and we are deliberating of bringing it for generation as […]

A group of ministers (GoM) on power under finance minister Arun Jaitley met on Monday to seek ways to resolve the bad loan crisis in the sector. The GoM is learnt to have discussed external factors —including irregular payments from distribution companies, shortage in fuel supplies and regulators delay in raising power tariffs — that […]

Holding that Adani Power is eligible for carrying cost, the Supreme court ruled that the generating company is entitled to adjustment in its monthly tariff payment from the date on which the exemption notifications became effective. A Bench led by justice RF Nariman while dismissing the appeals by Haryana discoms — Uttar Haryana Bijli Vitran […]

State-owned REC will have to obtain consent of at least 50 per cent of the foreign lenders before the company could be acquired by PFC as part of the disinvestment plans approved by the Cabinet. REC’s cumulative foreign debt stands at around USD 1.85 billion which will mature in phases till 2028 and the state-owned […]

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her, news agency ANI reported. It comes days after the investigative agency registered a case against her in the ICICI Bank-Videocon loan case. The high-profile case led to the unceremonial exit […]

China and the US may be the largest producers of coal power, but power plants in India take the highest toll in the world when it comes to health, a global study claims. Coal-fired power plants produce more than just carbon dioxide, which contributes to global warming, said researchers from ETH Zurich in Switzerland. Coal […]

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has turned down the state electricity distribution companies’ (discoms) petition to revise the rates at which they procure wind power. “The power purchase agreement has no renewal/revision/review clause empowering the Commission to revise the tariff,” MPERC noted. The MP Power management company — the holding entity of the […]

Industry players have sought more time from the Solar Energy Corporation of India (SECI) to complete their site visits in Leh and Ladakh districts, where the government plans to set up solar parks with capacity of 7,500 MW. The pre-bid meeting on the mega tender was attended by 51 companies and another technical meeting has […]

Even as the March-end 2019 deadline for meeting the operational targets set under the Ujwal Discom Assurance Yojana (UDAY) is approaching, the aggregate technical and commercial (AT&C) losses —electricity units lost on account of pilferage — of the 27 electricity distribution companies (discoms) in 26 states and UTs remained as high as 21.1% at the […]

Industry players have sought more time from the Solar Energy Corporation of India (SECI) to complete their site visits in Leh and Ladakh districts, where the government plans to set up solar parks with capacity of 7,500 MW. The pre-bid meeting on the mega tender was attended by 51 companies and another technical meeting has […]