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Articles for Discoms, search results for sector

Data dive: Dark clouds hover over India’s solar story
1 week ago

Data dive: Dark clouds hover over India’s solar story

Live Mint  

Recent charges of bribery by a US government agency against the Adani Group and its leadership have cast an unexpected spotlight on the Solar Energy Corporation of India—until now a relatively unknown company run by the central government. Solar’s share of electricity generated from renewable sources has Widening gap Of the 66 GW of solar power capacity installed as of …

India Energy Power Solar Solar Power Capacity Discoms
Proposed privatisation of 2 UP discoms: 27 labour unions show solidarity with power employees
2 weeks, 1 day ago

Proposed privatisation of 2 UP discoms: 27 labour unions show solidarity with power employees

Hindustan Times  

In a show of solidarity against the proposed privatisation of two electricity distribution companies in Uttar Pradesh, representatives from 27 labour unions, state employee organisations and teacher associations have joined hands to demand withdrawal of proposal put forth by Uttar Pradesh Power Corporation Limited. The press conference was attended by trade union leaders such as Ashish Yadav, general secretary of …

Solidarity Uttar Pradesh Electricity Employees Union State Union Leaders
Billing Losses in India's Electricity Distribution Sector: A Path to Financial Health?
1 month, 3 weeks ago

Billing Losses in India's Electricity Distribution Sector: A Path to Financial Health?

Live Mint  

Power distributors must drastically slash their billing losses to alleviate financial distress. Recent data indicates a downward trend in AT&C losses, but discoms have lost more and are facing significant losses. Billing losses are a critical factor contributing to the financial distress of distribution companies. Regulators should consider setting a 6% billing-loss target and implementing optimized strategies to reduce losses.

Government Law Technology Energy
YSR Congress Chief Criticizes Power Sector Recovery of FPPCA Charges
1 month, 3 weeks ago

YSR Congress Chief Criticizes Power Sector Recovery of FPPCA Charges

The Hindu  

YSR Congress Party president Y.S. Jagan Mohan Reddy has claimed that the recovery of Fuel and Power Purchase Cost Adjustment (FPPCA) charges by the DISCOMs was a 'Diwali gift' to consumers from Chief Minister N. Chandrababu Naidu. Reddy alleged that the concerns raised by the people were apparently not taken into consideration.

Politics Law Finance Energy
Telangana discoms lost ₹6,000cr due to BRS govt’s deal: Officials
6 months ago

Telangana discoms lost ₹6,000cr due to BRS govt’s deal: Officials

Hindustan Times  

The power distribution companies in Telangana suffered huge losses to the extent of ₹6,000 crore due to signing of power purchase agreement by the previous Bharat Rashtra Samithi government in the state with Chhattisgarh government in 2015, people familiar with the matter said on Tuesday. As per the KCR government’s decision, the two power utilities signed the PPA with the …

Electricity Telangana Commission Crore Reddy Brs Kcr
Public hearing conducted by TSERC
1 year, 9 months ago

Public hearing conducted by TSERC

Deccan Chronicle  

HYDERABAD: Power consumers strongly spoke against the electricity utilities’ proposal to increase charges under different heads, here on Friday night. The consumers made it clear that the distribution companies should first collect arrears from the government departments, corporate hospitals and educational institutions and only then approach common consumers. Farmers' leaders said that despite providing 24x7 supply for the agricultural sector, …

Power Erc Public Hearing Tserc Hearing Conducted Tser
Solar Energy Corporation of India will supply 3,000 MW of solar power from Sept. 2024, says Andhra Pradesh Energy Minister
1 year, 11 months ago

Solar Energy Corporation of India will supply 3,000 MW of solar power from Sept. 2024, says Andhra Pradesh Energy Minister

The Hindu  

The State government is taking various steps to strengthen the nine-hour free power supply to the farm sector in order to make agriculture a profitable activity and empower farmers. The most significant of these steps is the tie-up with Solar Energy Corporation of India for supply of solar power, which will start with 3,000 Megawatts from September 2024 in the …

Supply Farmers Power Solar Power State Solar Energy Discoms
The states must get their fiscal act together
2 years, 3 months ago

The states must get their fiscal act together

Live Mint  

Central bankers driving the current round of monetary tightening in the world are looking askance at fiscal laxity, which could grow the inflation disease even as monetary medicine is being applied. The Centre’s budgeted fiscal deficit for 2022-23 at ₹16.6 trillion, was 6.4 % of gross domestic product as then projected, but 6.2 % of the likely GDP for 2022-23 …

States Power State Centre Trillion Gdp Fiscal
PFC, REC may loan ₹1.45 trillion to help discoms clear dues
2 years, 4 months ago

PFC, REC may loan ₹1.45 trillion to help discoms clear dues

Live Mint  

State-run Power Finance Corp. Ltd. and its subsidiary REC Ltd. are expected to lend around ₹1.2 trillion to state-run electricity distribution companies under the Union government’s ambitious one-time settlement scheme that will kick in from 5 August, said two government officials. Discoms have been perennially plagued by low collections, rise in power purchase cost, inadequate tariff hikes and subsidy disbursement, …

Electricity Power Payment State Crore Clear Dues
PM launches scheme to boost efficiency, financial sustainability of discoms
2 years, 4 months ago

PM launches scheme to boost efficiency, financial sustainability of discoms

Live Mint  

NEW DELHI: Prime Minister Narendra Modi on Saturday launched the ‘revamped distribution sector scheme’ to improve the operational efficiency and financial sustainability of power distribution companies. Addressing the ‘Ujjwal Bharat Ujjwal Bhavishya – Power @2047’ programme virtually, the prime minister also asked states to clear their dues to power generation companies, which amount to over ₹1trillion. “The ministry of power’s …

India Energy Financial Prime Electricity Power Country
Higher coal imports likely to increase cost for discoms by 4.5-5% in FY23: ICRA
2 years, 7 months ago

Higher coal imports likely to increase cost for discoms by 4.5-5% in FY23: ICRA

Live Mint  

Consumers should brace up to pay more for the electricity they are consuming during the ongoing period of power crisis as increased use of expensive imported coal in generation is expected to elevate the cost of supply by up to 5% in the current fiscal year 2022-23. The higher share of imports for thermal generation under a pass-through arrangement as …

India Supply Power Coal Price Imports Cost
Entities in India’s power sector are selling without getting money on time
2 years, 7 months ago

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

Firstpost  

Power distribution companies have accumulated losses of over Rs 5 lakh crore and regulatory assets worth Rs 1.25 lakh crore. State-run Coal India is owed about Rs 12,300 crore by power generation companies and yet the biggest supplier of coal in the country continues to sell coal to its customers. Supply amid cash crunch According to Payment Ratification And Analysis …

India Power Companies Coal Payment Crore Lakh
Applying the insolvency code to the power distribution sector
2 years, 11 months ago

Applying the insolvency code to the power distribution sector

Hindustan Times  

Recently, the Union ministry of power has asserted that State-owned power distribution companies come under the ambit of the Insolvency and Bankruptcy Code. Most state-owned discoms have been making heavy losses, and they require ongoing support from state governments in the form of grants, loans, and guarantees. If discoms are admitted into the resolution process under the supervision of the …

Business Supply Resolution Power Network Process State
Moderate hike in power charges in state likely
3 years ago

Moderate hike in power charges in state likely

Deccan Chronicle  

Hyderabad: The state government appears to be setting the stage for a moderate, if not steep, hike in power charges to resolve the financial crisis being faced by the distribution companies in the state. For instance, Rs 1.45 paise is being collected per unit from customers utilising less than 50 units power per month. To give relief to the lower-middle …

Power Telangana State Unit
Powering agriculture in India
3 years, 3 months ago

Powering agriculture in India

Hindustan Times  

The Government of India launched the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan scheme in 2019 to improve irrigation access and farmers’ income through solar-powered irrigation. Under its components A and C, the scheme aims to promote innovative models for solar-powered irrigation by setting up solar power plants on agricultural land, and solarising existing grid-connected pumps, respectively. Component A …

India Farmers States Challenges Plants Solar Scheme
OMERS eyeing UT discoms, power transmission assets
3 years, 4 months ago

OMERS eyeing UT discoms, power transmission assets

Live Mint  

Canadian pension fund Ontario Municipal Employees’ Retirement System is eyeing the electricity distribution companies of Union territories, and power transmission assets as part of its strategy to capture value across India’s power sector, Prateek Maheshwari, managing director, Asia, OMERS Infrastructure, said in an interview. In line with the growing interest in India’s infrastructure space from large pension funds, OMERS is …

India Infrastructure Electricity Power Maheshwari Omers
Why Centre's Rs 3 lakh crore scheme is a lifeline for India's discoms facing near financial outage due to losses
3 years, 5 months ago

Why Centre's Rs 3 lakh crore scheme is a lifeline for India's discoms facing near financial outage due to losses

Firstpost  

India has made great strides in power generation and coverage over the years, but what remains unchanged is the massive losses of power distribution companies, or discoms as they are commonly called. According to a study last year by the Institute for Energy Economics and Financial Analysis, “ailing state-owned power discoms continue to hamper the efficient functioning of the generation …

India Financial Power State Centre Sector Scheme
Govt's PPA exit guidelines stuck amid tussle between generators and discoms
3 years, 10 months ago

Govt's PPA exit guidelines stuck amid tussle between generators and discoms

Business Standard  

Govt's PPA exit guidelines stuck amid tussle between generators and discoms Once relinquished, generators and discoms can sell and buy power under other arrangements Premium The plan was devised as states had written to the Union government with a request to surrender the allocated share of power from the central generating stations Jyoti Mukul New Delhi The Union power ministry’s …

Power
Power Sector Limping Back to Normal; Ensuring 24X7 Power Supply, Discoms' Fin Health Key Challenges
3 years, 11 months ago

Power Sector Limping Back to Normal; Ensuring 24X7 Power Supply, Discoms' Fin Health Key Challenges

News 18  

New Delhi: Limping back to normal after bearing the brunt of the pandemic this year, the power sector needs a slew of reforms, especially implementation of consumer rules to achieve the government's ambitious target of 24X7 electricity supply for all in 2021, and also steps to improve the financial health of discoms. The most important task before the government will …

Power Sector Discoms Power Sector Gencos 24X7 Power Supply
All Discoms to Come Under Energy Conservation Act, Says Power Ministry
4 years, 1 month ago

All Discoms to Come Under Energy Conservation Act, Says Power Ministry

News 18  

The power ministry on Monday said it has mandated all electricity distribution utilities or discoms to comply with the Energy Conservation Act, 2001, which would reduce energy losses and bring in more transparency in the sector. Earlier, only discoms with annual energy losses equal to or above 1,000 MU, notified as designated consumers, used to come under the purview of …

Energy Efficiency Losses Discoms Conservation Act Energy Losses
Proposed reforms can light up the power sector | Analysis
4 years, 3 months ago

Proposed reforms can light up the power sector | Analysis

Hindustan Times  

Universal and round-the-clock access to affordable electricity is a prerequisite for India’s sustained economic growth. The proposed reforms reflect the Centre’s intent to create a robust power sector for fuelling post-pandemic economic recovery Foremost among these is a cash-strapped distribution sector, the weakest link in the value chain. Recognising this, even amid Covid-19, the government refocused its attention on power …

India Electricity Reforms Power Sector Proposed Discoms