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 ...
Karnataka’s Pavagada Solar Park Stands Tall Despite Delays and Hiccups
Following delays attributed to natural and man-made causes, officials now hope to have most of the capacity online this month In Karnataka’s Tumkur district stands an expansive solar park that ...
India to Crack Down on DISCOM Load Shedding
In an effort to ensure reliable electricity services for all Indians, Power Minister Raj Kumar Singh announced a plan to penalize distribution companies (DISCOMs) if they indulge in “gratuitous load-shedding.” ...
India Plans to Let Consumers Choose Their Power Service Providers
If all goes according to plan, consumers in India could soon be able to change power suppliers as easily as they switch between telecom service providers. According to a report ...
Nagaland, Andaman & Nicobar Islands, Dadra & Nagar Haveli, and Daman & Diu Join UDAY Program
Twenty-Seven Indian states and four union territories have so far joined the Ujwal DISCOM Assurance Yojana (UDAY) program which was implemented by the government of India to assist the financial ...
CERC Releases Inter-State Transmission Connectivity Draft Regulations for Solar and Wind Projects
The Central Electricity Regulatory Commission (CERC) has released draft regulations for granting Inter-State Transmission Connectivity to solar and wind projects. The proposal, entitled “Grant of Connectivity and General Network Access ...
MERC to Come Out with Regulations for Forecasting and Deviation Settlement of Solar Generation
The Maharashtra Electricity Regulatory Commission (MERC) is preparing draft regulations for the forecasting, scheduling, and deviation settlement of solar and wind generation in the state. It noted that the process ...
India’s Power Supply Deficit Recorded at 0.7 Percent During Apr-Sep 2017
India recorded a power supply deficit of 0.7 percent during the six-month period between April to September 2017. Over 615,494 million units (MU) of electricity was supplied, 4,260 MU less than ...
Tata Power Delhi Distribution Limited and GIZ Sign MOU to Promote Renewable Energy
Tata Power Delhi Distribution Limited (TPDDL), a power distribution company (DISCOM), and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have signed a memorandum of understanding (MoU) to explore possibilities for collaboration ...
ADB to Finance More Transmission Network Components with Co-Financing from AIIB
The Asian Development Bank (ADB) has increased its investment in Indian grid-infrastructure development by agreeing to fund additional power transmission network components with co-financing from the Asian Infrastructure Investment Bank ...
ADB to Provide $1.1 Billion Loan to Strengthen Indonesia’s Energy Sector
The Asian Development Bank (ADB) will provide $1.1 billion in loan to Indonesia to diversify and strengthen its energy sector. According to an ADB release, “The Board of Directors today ...
Rural Electrification Corporation Provides $2 Billion Loan to MAHAGENCO to Develop Thermal and Renewable Energy Projects
The Rural Electrification Corporation (REC), a public sector unit of the Government of India involved in financing all segments of power sector, has provided a ₹130 billion (~$2 billion) loan ...
Solar and Wind Generators to Pay Deviation Charges for Under Production in Andhra Pradesh
To facilitate large-scale grid integration of solar and wind power while maintaining grid stability, the Andhra Pradesh Electricity Regulatory Commission (APERC) has released new regulations for forecasting, scheduling, and deviation ...
Telangana DISCOMs Petition TSERC for Surcharge on Open Access Consumers for FY 2017-18
The Northern Power Distribution Company of Telangana (TSNPDCL) and Southern Power Distribution Company of Telangana (TSSPDCL) have petitioned the Telangana State Electricity Regulatory Commission (TSERC) to set an additional surcharge ...
₹2.09 Trillion in DISCOM Debt Taken Over by States Under UDAY
States participating in the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) have taken over debt of ₹2.09 trillion (~$32.5 billion) from their DISCOMs. This is almost half of the ₹4.3 ...
TNERC Rejects Petition from the Adani Group
The Tamil Nadu Electricity Regulatory Commission (TNERC) has rejected petitions from three Adani subsidiaries regarding implementation of must-run status of solar projects in Tamil Nadu. Kamuthi Renewable Energy, Ramnad Solar ...
Political Considerations at Play as ‘DISCOM’s Subsidy Dependence up by 7-8 Percent
The overall subsidy dependence of power distribution companies (DISCOMs) is estimated to increase by 7-8 percent to Rs.810 billion (~$12.53 billion) in the current financial year. The overall subsidy requirement ...
