Supreme Court Lifts Stay Order on Chandigarh DISCOM Privatization (1)

Supreme Court Lifts Stay Order on Chandigarh DISCOM Privatization

The Supreme Court of India issued orders placing a hold on a stay order given by the High Court of Punjab and Haryana, on the privatization of Chandigarh’s electricity distribution company ...
DISCOMs Dues to Renewable Generators Rise to ₹118.6 Billion in November

DISCOMs Dues to Renewable Generators Rise to ₹118.6 Billion in November

Distribution Companies (DISCOMs) owed renewable energy generators ₹118.6 billion (~$1.6 billion) in overdue payments (excluding disputed amounts) across 452 invoices at the end of November 2020, according to data from ...
/ / Other
DISCOMs Must Pay Existing Renewable Developers On Time to Attract New Competitive Bids

DISCOMs Must Pay Existing Renewable Developers On Time to Attract New Competitive Bids

The Maharashtra Electricity Regulatory Commission (MERC) recently heard the petition of the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to relax penalty for unmet renewable purchase obligation (RPO) targets and ...
/ / Other, Renewable Energy
ADB Approves ₹13.9 Billion Loan to Upgrade Bengaluru's Power Distribution System

ADB Approves ₹13.9 Billion Loan to Upgrade Bengaluru’s Power Distribution System

In a significant development, the Asian Development Bank (ADB) has approved a loan of $190 million (~₹13.9 billion) to upgrade the existing power distribution system in the city of Bengaluru ...
/ / Finance and M&A, Other
DISCOM Dues to Renewable Generators Inch Up to ₹110.67 Billion in October

DISCOM Dues to Renewable Generators Inch Up to ₹110.67 Billion in October

Distribution companies (DISCOMs) owed over ₹110.67 billion (~$1.5 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 439 pending invoices, according to data from the Ministry of ...
High Court Stays Chandigarh DISCOM Privatization, Says it’s Not Legally Sustainable

High Court of Punjab and Haryana Issues Stay Order on Chandigarh DISCOM Privatization

The High Court of Punjab and Haryana has issued a stay order on the Central Government’s proposal to privatize Chandigarh’s electricity distribution company (DISCOMs). The UT Powermen Union of Chandigarh had filed ...
Net Metering Removal for Rooftop Solar Systems Over 5 kW Will Be Disastrous: Installers

Net Metering Removal for Rooftop Solar Systems Over 5 kW Will Be Disastrous: Installers

In September 2020, the Ministry of Power (MoP) released draft electricity rules 2020 to streamline power supply and distribution. One of the critical points in the draft revolves around gross ...
/ / Rooftop, Solar
DISCOM Privatization_ Chandigarh Invites Bidders to Acquire its Distribution Licensee

DISCOM Privatization: Chandigarh Invites Bidders to Acquire its Distribution Licensee

The Chandigarh Administration has issued a request for proposal (RfP) inviting bidders to acquire its distribution company (DISCOM). In the notice inviting bids, the Electricity Wing of the Engineering Department of the Union Territory ...
/ / Grid, Market & Policy
Reduced Late Payment Surcharges, A Double Whammy for Power Generators_

Reduced Late Payment Surcharges, A Double Whammy for Power Generators?

To reduce the financial burden of distribution companies (DISCOMs), the Ministry of Power (MoP) proposed a reduction in late payment surcharges (LPS) for payment delays to the power generators last ...
/ / Grid, Market & Policy
DISCOM Dues to Renewable Generators Decline Marginally to ₹106.7 Billion in September

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, Utilities
REC Earmarks ₹27.9 Billion Loan to Help Jammu and Kashmir DISCOM With its Dues

REC Earmarks ₹27.9 Billion Loan to Help Jammu and Kashmir DISCOM With its Dues

REC Limited has approved a ₹27.9 billion (~$380.9 million) loan to the Jammu Kashmir Power Corporation Limited (JKPCL) under the liquidity infusion program of the Indian Government’s Aatmanirbhar Bharat initiative. The ...
Maharashtra’s Solar Association Alleges Mismanagement of Solar Subsidies by DISCOM

Maharashtra’s Solar Association Alleges Mismanagement of Solar Subsidies by DISCOM

The Maharashtra Solar Manufacturers Association (MASMA) has expressed its displeasure with the way Maharashtra State Electricity Distribution Company Limited (MSEDCL) has been handling the state’s solar sector. The association has ...
/ / Markets & Policy, Solar
Tamil Nadu Commission Directs State DISCOM to Pay ₹6.7 Million in Wind Energy Dues

Tamil Nadu Commission Directs State DISCOM to Pay ₹6.7 Million in Wind Energy Dues

The Tamil Nadu State Electricity Regulatory Commission (TNERC) has ordered the Tamil Nadu Generation and Distribution Company (TANGEDCO) to pay wind generators ₹6.69 million (~$91,586) along with interest at 1% ...
/ / Other, Wind
Tata Power Seeks to Procure 150 MW of Renewables From Wind, Solar, or Hydro Projects

Tata Power Seeks to Procure 150 MW of Renewables From Wind, Solar, or Hydro Projects

Tata Power’s distribution licensee division has invited bids for the procurement of 150 MW of renewable power (wind, solar, small hydro, or combination) on a short-term basis. The company has ...
/ / Other, Renewable Energy
APTEL Examines Petition Filed Over Wrongly Issued Renewable Energy Certificates

APTEL Examines Petition Filed Over Wrongly Issued Renewable Energy Certificates

The Appellate Tribunal for Electricity (APTEL) has passed an order asking the National Load Despatch Center (NLDC) to revoke and cancel erroneously issued renewable energy certificates (RECs) to the Andhra ...
Azure Power Posts 16% Revenue Increase in Q1 2021

Azure Power Posts 16% Revenue Increase in FY Q1 2021

Azure Power has announced the consolidated results for the first quarter (Q1) of the financial year (FY) 2021. According to the financial statement released by the company, the company registered ...
/ / Markets & Policy, Solar
Over ₹300 Billion Released by REC Under DISCOMs’ Liquidity Package

Over ₹300 Billion Released by REC Under DISCOMs’ Liquidity Package

REC Limited, formerly called the Rural Electrification Corporation Limited, reported that it had sanctioned over ₹300 billion (~$4 billion) to distribution companies (DISCOMs) in the country as of July 31, ...
DISCOM Dues Pile Up Despite Government’s Efforts to Ease Their Financial Burden

DISCOM Dues Pile Up Despite Government’s Efforts to Ease Their Financial Burden

Distribution Companies (DISCOMs) owed renewable generators ₹97.25 billion (~$1.31 billion) in overdue payments (excluding dues under dispute) spread across 538 invoices at the end of May 2020, according to data ...
Puducherry Opposes Central Government’s Move to Privatize DISCOMs of Union Territories

Puducherry Opposes Central Government’s Move to Privatize DISCOMs of Union Territories

The union territory of Puducherry has opposed the central government’s proposal to privatize all distribution companies (DISCOMs) in the union territories (UTs) across the country. According to a Twitter post ...
Uttar Pradesh Power Corporation Seeks to Invalidate PSA Termination for 300 MW Wind Power

Uttar Pradesh Power Corporation Seeks to Invalidate PSA Termination for 300 MW Wind Power

The Uttar Pradesh Power Corporation Limited (UPPCL) has filed a petition with the Uttar Pradesh Electricity Regulatory Commission (UPERC) seeking it to invalidate the cancellation of a power sale agreement ...
/ / Other, Wind
Now is the Time for Smart Meters in India

Now is the Time for Smart Meters in India

The ongoing coronavirus crisis and the poor financial performance of power distribution companies (DISCOMs) have shown that the power sector needs a serious revamp, and smart meters have to become ...
SECI Disburses $12.5 Million for Purchase of Solar and Wind Power in May 2020

SECI Disburses $12.5 Million for Purchase of Solar and Wind Power in May 2020

Solar Energy Corporation of India Limited (SECI) disbursed a total of $17.3 million (~₹1.3 billion) to solar and wind developers in May 2020. According to a statement released by SECI, ...
Uttar Pradesh DISCOM Asked to Clear Dues for Procuring Power from Bagasse-Based Project

Uttar Pradesh DISCOM Asked to Clear Dues for Procuring Power from Bagasse-Based Project

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has ordered the Uttar Pradesh Power Corporation Limited (UPPCL) to clear its dues with Kesar Enterprises Limited (KEL) for the procurement of bagasse-based ...
IREDA Has Set Aside ₹100 Billion to Indian Renewable Energy Sector in 2020

IREDA Has Set Aside ₹100 Billion for Renewable Energy Projects in 2020

Mercom India hosted a webinar on key trends shaping the Indian solar market based on its recently released India Solar Market Update report for the first quarter of 2020. The ...
R.K. Singh Seeks ₹3 Trillion to Revamp Power Sector and DISCOMs Over the Next 5 Years

R.K. Singh Seeks ₹3 Trillion to Revamp Power Sector and DISCOMs Over the Next 5 Years

The Union Minister of Power, R.K. Singh, has sought for the Finance Commission’s support to revamp the Indian power sector at the state level and has asked for ₹3 trillion (~$40.05 billion) ...