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 ...
Power Grid Plans Capital Expenditure of Rs.250 Billion (~$3.87 Billion) for FY2017-18
The Power Grid Corporation (PGCIL), a state run transmission and distribution company, has planned a capital expenditure of Rs.250 billion (~$3.87 billion) for FY2017-18. The company has reported a 22 ...
India Expects Power Surplus of 8.8 Percent and Peak Surplus of 6.8 Percent in FY2017-18
According to the Central Electricity Authority (CEA) 2017 Load Generation Balance Report, a study on the anticipated power supply position for financial year (FY) 2017-18, India is expecting a power ...
Mercom Exclusive: India Power Utilities Performance Ratings – Some Improve, Some Don’t
According to the latest “Integrated Rating for State Power Distribution Utilities” report by the Ministry of Power, the four Gujarat state power distribution utilities (DISCOMs) have emerged as top performers ...
NTPC Lists Second Masala Bond on the London Stock Exchange
The National Thermal Power Corporation (NTPC), has listed a second round of masala bonds on the London Stock Exchange (LSE). The company will use the proceeds to fund clean energy ...
Andhra Pradesh DISCOM’s to Renegotiate Power Purchase Agreements
The Andhra Pradesh Southern Power Distribution Company (APSPDCL), a state distribution company, has decided to renegotiate power purchase agreements (PPAs) it had signed with wind project developers. The PPA's were ...
Tata Power Achieves Complete Zero Cash Payables
Tata Power, an Indian power utility, announced that it has achieved complete zero cash payables. The company is working towards bringing down cash collections from its electricity customers with regulatory ...
Indian State of Mizoram Joins UDAY Program
Mizoram is the 27th Indian State to join the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) program which was implemented by the government of India to assist in the financial ...
States of Meghalaya, Tripura, Arunachal Pradesh and Kerala Join India’s UDAY
Twenty-six Indian states and 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 turn ...
Mercom Exclusive: Payment Delays are Increasing Risk and Project Costs for Solar and Wind Projects in Many States
Payment delays by distribution companies (DISCOMs) continue to pose a challenge for the growing renewable energy sector in India as it tries to achieve 175 GW of renewable installations by ...
Rs.2.07 Trillion (~$30.99 Billion) of DISCOM Debt Restructured Under India’s UDAY Program Says Mr. Piyush Goyal
A total of ~Rs.2.07 trillion (~$30.99 billion) DISCOM debt has been restructured under the Ujwal DISCOM Assurance Yojana (UDAY) program in India. UDAY is a government program designed to facilitate ...
CERC Changes Duration of Long-Term Access and Medium-Term Open Access for Power Projects
The Central Electricity Regulatory Commission (CERC) has released the sixth amendment CERC (Grant of Connectivity, Long-term Access and Medium-term Open Access in Inter-State Transmission and related matters) Regulations 2017. Under ...
Demonetization Helps DISCOMs Recover Close to Rs.28.75 Billion
The demonetization program has proved to be a positive for India’s power distribution companies (DISCOMs). The Power Finance Corporation (PFC) stated that DISCOMs across the country were paid a total ...
Mercom Exclusive: One Year After Launch, UDAY Yet to Make a Big Impact
Dismal DISCOM (distribution company) credit profiles due to high debt, heavy losses and poor operational efficiencies affects every aspect of the Indian power sector and is directly responsible for large ...
Sikkim Becomes 22nd UDAY Signatory
Benefits of ~Rs.2.07 Billion ($0.03101 Billion) to be Realized by the State Sikkim has become the 21st Indian state to join the Ujwal DISCOM (distribution company) Assurance Yojana program. Sikkim ...
Another TANGEDCO Tender Sees Tepid Response: Bids for 300 MW Received on a 500 MW Tender
The Tamil Nadu Generation and Distribution Corporation (TANGEDCO), which had tendered 500 MW of solar to meet its renewable purchase obligation (RPO), has received technical bids to develop 300 MW ...
GERC Issues Draft Regulations With Focus on Large-Scale Grid Integration of Solar and Wind for 2017
The Gujarat Electricity Regulatory Commission (GERC) has issued draft regulations for solar and wind power for 2017. The objective of these regulations is to facilitate large-scale grid integration of solar ...
Tamil Nadu Becomes 21st Indian State to Join UDAY
Tamil Nadu has become the 21st state in India to join the Ujwal DISCOM Assurance Yojana (UDAY), a government program designed to facilitate financial turnaround of DISCOMs (distribution company). Tamil Nadu ...
Breaking: Tamil Nadu to Become 21st UDAY Signatory
Tamil Nadu is finally expected to join Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) program on Monday, according to sources. The state will become the 21st member state to join ...
