{"id":263014,"date":"2019-03-08T05:13:39","date_gmt":"2019-03-08T05:13:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=263014"},"modified":"2019-03-08T05:13:39","modified_gmt":"2019-03-08T05:13:39","slug":"cabinet-offers-relief-to-struggling-power-firms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cabinet-offers-relief-to-struggling-power-firms\/","title":{"rendered":"Cabinet offers relief to struggling power firms"},"content":{"rendered":"<p>NEW DELHI: New Delhi: The union cabinet has allowed power producers, saddled with \u20b936,000 crore of unpaid dues, to end supply contracts with defaulting power distribution companies (discoms), as Prime Minister Narendra Modi&#8217;s government, in possibly its last cabinet meeting, addressed a pressing concern for the industry.<\/p>\n<p>On Thursday, the Cabinet Committee on Economic Affairs approved recommendations made by a ministerial panel that allowed power generators to retain coal allocations linked to a supply contract even if the agreement is terminated because of payment defaults by power discoms.<\/p>\n<p>The cabinet also cleared a new hydropower policy aimed at making purchase of electricity from such projects mandatory and offered financial incentives to make hydropower tariffs competitive with those using rival fuel sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: New Delhi: The union cabinet has allowed power producers, saddled with \u20b936,000 crore of unpaid dues, to end supply contracts with defaulting power distribution companies (discoms), as Prime Minister Narendra Modi&#8217;s government, in possibly its last cabinet meeting, addressed a pressing concern for the industry. On Thursday, the Cabinet Committee on Economic Affairs approved recommendations made by a ministerial panel that allowed power generators to retain coal allocations linked to a supply contract even if the agreement is terminated because of payment defaults by power discoms. The cabinet also cleared a new hydropower policy aimed at making purchase [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-263014","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=263014"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263014\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=263014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=263014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=263014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}