Defer Bids Until Power Sale Agreements Backlog is Cleared – Solar Developers to Minister

Defer Bids Until Power Sale Agreements Backlog is Cleared – Solar Developers to Minister

The Solar Power Developers Association (SPDA) has written to Union Power Minister R.K. Singh asking to stop new auction activity for solar projects until the backlog of power sale agreements ...
File Timeframe to Clear Dues of Solar and Wind Generators - Andhra High Court to DISCOMs

File Timeframe to Clear Dues of Solar and Wind Generators – Andhra High Court to DISCOMs

The High Court of Andhra Pradesh has directed the Southern Power Distribution Company Limited (APSPDCL) and Eastern Power Distribution Company Limited (APEPDCL) to file an affidavit by March 31, 2021, with ...
BESCOM's Plea To Cut Tariff for Solar Power Purchased Over Contracted Capacity Rejected

BESCOM’s Plea To Cut Tariff for Solar Power Purchased Over Contracted Capacity Rejected

The Karnataka Electricity Regulatory Commission (KERC) dismissed the petition filed by the Bangalore Electricity Supply Company Limited (BESCOM) for the redetermination of tariff for purchase of additional power or to ...
/ / Markets & Policy, Solar
Bombay High Court Stays DISCOM Privatization Auction Won by Torrent Power

Bombay High Court Stays DISCOM Privatization Auction Won by Torrent Power

The Bombay High Court has suspended the auction for a 51% equity stake in the power distribution company (DISCOM) for the Union Territory of Dadra and Nagar Haveli and Daman ...
/ / Grid, Market & Policy
The Ministry of Power has issued new regulations regarding the late payment surcharge, which will be applicable for power purchase agreements

Ministry of Power Issues New Rules for Late Payment Surcharge Payable by DISCOMs

The Ministry of Power has issued new regulations regarding the late payment surcharge, which will be applicable for power purchase agreements (PPAs) and transmission service agreements in which the tariffs ...
/ / Grid, Market & Policy
Torrent Power to Acquire 51% Stake in Dadra & Nagar Haveli and Daman and Diu DISCOMs

Torrent Power to Acquire 51% Stake in Dadra & Nagar Haveli, Daman and Diu DISCOMs

Torrent Power has emerged as the highest bidder for the acquisition of the power distribution company (DISCOM) in the union territory of Dadra & Nagar Haveli, Daman and Diu, according ...
/ / Finance and M&A, Other
Madhya Pradesh Raises Capacity of Solar Bids Under KUSUM Program to 300 MW

Madhya Pradesh Raises Capacity of Solar Bids Under KUSUM Program to 300 MW

The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has increased the capacity of bids for solar power projects under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan ...
/ / Solar, Tenders & Auctions
DISCOM Dues to Renewable Generators Reach ₹121 Billion in December 2020

DISCOM Dues to Renewable Generators Reach ₹121 Billion in December 2020

Distribution companies (DISCOMs) owed nearly ₹121.12 billion (~$1.65 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 380 pending invoices, according to data released by the Ministry ...
/ / Grid, Market & Policy
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, ...