₹5.75 Billion Given to Six States to Curtail Their AT&C Losses Still Remain Unutilized
The Power Finance Corporation (PFC) has written to six states regarding the timely completion of implementing the supervisory control and data acquisition (SCADA) /distribution management system (DMS) under the government’s Restructured ...
Government Likely to Amend Electricity Act to Ensure that DISCOMs Enter PPAs
The union government has proposed an amendment to the Electricity Act to ensure that the companies applying for power distribution rights also sign the requisite Power Purchase Agreements (PPAs). The ...
Power Minister Directs REC & PFC Not to Give Loans to DISCOMs With Heavy Losses
Power Minister R.K. Singh has directed Rural Energy Corporation (REC) and Power Finance Corporation (PFC) to not grant loans to distribution companies (DISCOMs) which are making heavy losses (above 15 ...
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 ...
Larsen & Toubro Wins EESL Contract to Supply Smart Meters
Larsen & Toubro (L&T) has won contract to supply 2.5 million smart meters to Energy Efficiency Services Limited (EESL), a Joint Venture company of Public Sector Units of Ministry of ...
₹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 ...