DISCOM Dues to Renewable Generators Decline Marginally to ₹106.7 Billion in September
Distribution companies (DISCOMs) owed over ₹106.7 billion (~$1.43 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 460 pending invoices, according to data from the Ministry of ...
Grid Failure Brings Mumbai to a Halt, Power Supply Now Restored in Most Parts
Mumbaikars were in for a rude shock on Monday, October 12, 2020, as the city and its suburbs and a few neighboring districts faced a power cut due to grid ...
Ministry of Power Wants Late Payment Surcharge for DISCOMs to be Kept Below 12%
The Ministry of Power (MoP) has suggested that the power generation and transmission companies should reduce the late payment surcharge (LPS) up to 12% annually for distribution companies (DISCOMs). This ...
DISCOM Dues to Power Generators Mount to ₹101 Billion At the End of June
The distribution companies (DISCOMs) owed renewable generators ₹101.11 billion (~$1.3 billion) in overdue payments (excluding dues under dispute) spread across 544 invoices at the end of June 2020, according to ...
ADB Grants ₹346 Million Loan towards Rural Electrification in Maharashtra
The Asian Development Bank (ADB) announced that it had approved a $346 million (~₹26.92 billion) loan to India to help provide efficient and reliable power to rural agriculture customers in ...
Punjab DISCOM Receives ₹350 Million in Advance Payment Against Power Bills
The Punjab State Power Corporation Limited (PSPCL) has introduced an innovative plan calling on all its consumers to make payment in advance towards their estimated electricity bills up to March ...
Amid COVID-19 Outbreak, Delhi Announces Rebates for Electricity Consumers
Considering the Coronavirus (COVID-19) outbreak and the repercussions it has had on several services, including power supply, the Delhi Electricity Regulatory Commission (DERC) has announced rebates and incentives on power ...
Late Payment Surcharge for DISCOMs Reduced in Madhya Pradesh
To tackle the unprecedented challenges posed by the outbreak of Coronavirus, the Madhya Pradesh Electricity Regulatory Commission (MPERC) has reduced the rate of current late payment surcharge (LPS) to be ...
Andhra DISCOM Invokes Force Majeure Due to Cash Crunch During Coronavirus Pandemic
The Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) is the latest addition to the group of power distribution companies (DISCOMs) seeking refuge under the force majeure clause following the ...
CERC Asked to Reduce Late Payment Surcharge as Cash Flow Dries Up Amid COVID-19 Outbreak
The Ministry of Power (MoP) has disclosed that it has received representations from power distribution companies and state governments requesting a waiver of late payment surcharge (LPS) given the force ...
Uttar Pradesh Power DISCOMs Grapple with Reduced Collections Amid COVID-19 Lockdown
The outbreak of COVID-19 has created an unprecedented situation, causing far-reaching consequences for both businesses and consumers across the country. In a circular issued on February 19, 2020, the government ...
At Over ₹844 Billion, DISCOM Dues to Power Generators in October up 54% YoY
Outstanding dues to power generators from distribution companies (DISCOMs) at the end of October 2019 stood at ₹844.45 billion (~$11.83 billion), up by ₹297.76 billion (~$4.17 billion) or 54% from ...
CERC Prepares Blueprint for Power System Development Fund
India’s power sector has been grappling with transmission related issues for a long time. With the problems aggravated in the face of higher power generation and demand. The creation of ...
All India Peak Power Demand Increased 5% Year-over-Year Touching 169 GW in March 2019
In March 2019, the peak demand touched a high of 169 GW pushing power prices up. According to the Indian Energy Exchange (IEX), the all India peak demand touched 169 ...
Unscheduled Power Cuts by DISCOMs Will Soon be Penalized, Says R.K. Singh
The Minister for Power R.K. Singh has said that the government will soon approve the Power Tariff Policy which would impose a penalty for unscheduled power cuts by distribution companies ...
India Records Power Supply Deficit of 0.6 Percent During Apr-Sep 2018
India recorded an overall average power supply deficit of 0.6 percent during the six-month period between April to September 2018, according to the Central Electricity Authority (CEA). During this six-month ...
PGCIL Seeks Shareholders’ Permission to Raise ₹200 Billion in FY20
The Power Grid Corporation of India Limited (PGCIL), a state-owned electric utility company, has asked for the approval of its shareholders to raise ₹200 billion (~$2.84 billion) through bonds or ...
World Bank Approves $180 Million Fund to Support Kenya’s Energy Sector
The World Bank has approved $180 million in assistance to Kenya to strengthen the financial health of the Kenya Electricity Generation Company Limited (KenGen) and improve private sector financing in ...
CERC Issues Guidelines for Accreditation of Entities Under the REC Mechanism
The Central Electricity Regulatory Commission (CERC) has issued model guidelines for the accreditation of renewable energy projects or distribution licensees (DISCOM) by state agencies under the Renewable Energy Certificate (REC) ...
Punjab Issues Deviation Settlement Regulations for Solar and Wind Generation
The Punjab State Electricity Regulatory Commission (PSERC) has issued draft regulations for the forecasting, scheduling, and deviation settlement of solar and wind power generation in the state. The new rules ...
Need for Green Energy Corridors Grows as Over 64 GW of Renewables are Connected to the Grid
India’s clean energy footprint is increasing every year and more than 64 GW of renewable energy capacity have been connected to the grid so far, according to Minister of Power ...
Maharashtra Issues Draft Regulations for Solar and Wind Deviation Charges
The Maharashtra Electricity Regulatory Commission (MERC) has issued draft regulations for the forecasting, scheduling, and deviation settlement for solar and wind power generation in the state. According to the new ...
Union Territory of Lakshadweep Joins Government’s UDAY Program
The union territory of Lakshadweep has become the latest signatory to the Ujwal DISCOM Assurance Yojana (UDAY) program which has been implemented by the government of India to assist in ...
PFC Provides ₹13.5 Billion in Financial Aid to Bihar for Transmission Line Project
The Power Finance Corp (PFC), a government of India enterprise, has approved a financial aid of ₹13.5 billion (~$212 million) to Bihar for a transmission line project. The aid has ...
States Under UDAY Program Cut Down Financial Losses in 2017
The Distribution Companies (DISCOMs) in states that joined the Ujwal DISCOM Assurance Yojana (UDAY) program have cut down their financial losses from ₹515.9 billion (~$8.14 billion) in the Financial Year ...
