Gap Between DISCOMs’ Cost of Supply and Revenue Increases to ₹0.95kWh in FY21

Gap Between DISCOMs’ Cost of Supply and Revenue Increases to ₹0.95/kWh in FY21

The Average Cost of Supply (ACS) for distribution companies (DISCOMS) increased from ₹6.14 (~$0.074)/kWh in financial year (FY) 2019-20 to ₹6.19 (~$0.074)/kWh in FY 2020-21. The Average Revenue Realized (ARR) ...
State-Owned DISCOMs Continue to Impede Renewables Growth

State-Owned DISCOMs Continue to Impede Renewables Growth

After at least two decades of bailouts and reform programs, the state-owned power distribution companies (DISCOMs) continue to be a massive drag on not only the upstream segments (generation and ...
/ / Mercom Research Focus, Solar
Empanelment Tender Floated to Set Up 738 EV Charging Stations Across India

Empanelment Tender Floated to Set Up 738 EV Charging Stations Across India

Rajasthan Electronics and Instruments (REIL), a joint venture between the center and the Rajasthan government, has issued a tender to empanel agencies to identify locations, install, operate & maintain 738 ...
/ / Electric Vehicles, Grid
Bids Invited for Developing 9.7 MW Rooftop Solar Projects in Odisha

Bids Invited for 1.3 MW of Rooftop Solar Systems in Madhya Pradesh

ITI Limited, a public sector undertaking under the Department of Telecommunications, has invited bids to install and commission 1.3 MW of grid-connected rooftop solar systems of various capacities under Phase ...
/ / Solar, Tenders & Auctions
POSOCO Forbids 15 DISCOMS in Seven States from Trading in Power Exchanges

POSOCO Forbids 15 DISCOMS in Seven States from Trading in Power Exchanges

Power System Operation Corporation (POSOCO) has debarred 15 distribution companies (DISCOMs) in six states and a Union Territory from buying or selling electricity at power exchanges as a penalty for ...
/ / Grid, Market & Policy
25 State Power Utilities Downgraded in Annual DISCOM Ratings

25 State Power Utilities Downgraded in Annual DISCOM Ratings

The Ministry of Power has released its tenth annual integrated ratings for the state distribution companies (DISCOMs) for the financial year (FY) 2022. Out of the 71 DISCOMs covered, six ...
/ / Grid, Market & Policy
Modi Launches National Portal for Rooftop Solar, Program to Revamp DISCOMs

Modi Launches National Portal for Rooftop Solar, Program to Revamp DISCOMs

Prime Minister Narendra Modi launched the National Portal for Rooftop Solar, enabling online tracking of the installation process of rooftop solar plants and the Revamped Distribution Sector Program. The rooftop ...
/ / Rooftop, Solar
SECI Releases ₹6.86 Billion for Solar and Wind Power Procured in May 2022

SECI Releases ₹6.86 Billion for Solar and Wind Power Procured in May 2022

The Solar Energy Corporation of India (SECI) disbursed ₹6.86 billion (~$87.9 million) to solar and wind power generators for the power purchased in May 2022. The disbursed amount accounted for ...
DISCOMs to be Allowed to Clear Dues to Power Generators in 48 Monthly Installments

DISCOMs to be Allowed to Clear Dues to Power Generators in 48 Monthly Installments

The Ministry of Power (MoP) has notified the ‘Late Payment Surcharge and Related Matters Rules, 2022.’ According to the rules, a late payment surcharge will be payable on the outstanding ...
Government Invokes Emergency Provisions to Tide Over Coal Shortages in Power Plants

Government Invokes Emergency Provisions to Tide Over Coal Shortages in Power Plants

Faced with a severe coal shortage at coal-based thermal power plants leading to load shedding in many areas across India, the Ministry of Power has directed all imported coal-based power ...
/ / Other, Other Energy
SECI Releases ₹5.49 Billion for Solar and Wind Power Purchased in March

SECI Releases ₹5.49 Billion for Solar and Wind Power Purchased in March

The Solar Energy Corporation of India (SECI) disbursed payments to the tune of ₹5.49 billion (~$72.67 million) to solar and wind power generators for the power purchased in March 2022 ...
/ / Other, Renewable Energy
SECI Payouts to Solar and Wind Developers Increased to ₹5.56 billion in February

SECI Payouts to Solar and Wind Developers Increased to ₹5.56 Billion in February

The Solar Energy Corporation of India (SECI) disbursed payments to the tune of ₹5.56 billion (~$73.60 million) to solar and wind power generators for the power purchased in February 2022 ...
/ / Other, Renewable Energy
Daily News Wrap-Up Suzuki Motor to Invest $1.25 billion for EV Manufacturing in Gujarat

Daily News Wrap-Up: Suzuki Motor to Invest $1.25 Billion for EV Manufacturing in Gujarat

Suzuki Motor Corporation signed a memorandum of understanding (MoU) with the state of Gujarat to invest approximately 150 billion yen (~$1.25 billion) for local manufacturing of battery electric vehicles (BEV) ...
/ / Other, Renewable Energy
Torrent Power Acquires 51% Stake in Dadra and Nagar Haveli, Daman, and Diu DISCOMs

Torrent Power Acquires 51% Stake in Dadra and Nagar Haveli, Daman, and Diu DISCOMs

Torrent Power announced the signing of a Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) to complete the acquisition of 51% equity share capital in Dadra and Nagar Haveli and ...
/ / Finance and M&A, Other
SECI Seeks Short-Term Working Capital Credit Facility of ₹5 Billion

SECI Seeks Short-Term Working Capital Credit Facility of ₹5 Billion

Solar Energy Corporation of India (SECI) has issued a request for proposals seeking quotations for a short-term working capital credit facility of up to ₹5 billion (~$65.56 million). The credit ...
Empanelment Tender Issued for Rooftop Systems of 1 kW to 500 KW Capacity in Haryana

Empanelment Tender Issued for Rooftop Systems of 1 kW to 500 KW Capacity in Haryana

Dakshin Haryana Bijli Vitran Nigam (DHBVN) has invited bids for the empanelment of agencies for the design, supply, installation, testing, and commissioning of grid-connected rooftop solar systems of 1 kW ...
Empanelment Tender Issued for 10 MW of Residential Rooftop Solar Projects in Karnataka

Empanelment Tender Issued for 10 MW of Residential Rooftop Solar Projects in Karnataka

Hubli Electricity Supply Company (HESCOM) has invited bids to empanel vendors to design, supply, erect, test, and commission 10 MW of grid-connected residential rooftop solar projects of various capacities. The ...
/ / Solar, Tenders & Auctions
DISCOM Privatization Lakshadweep Invites Bidders to Acquire its Distribution Licensee

DISCOM Privatization: Lakshadweep Invites Bidders to Acquire its Distribution Licensee

The Electricity Department of the Union Territory (UT) of Lakshadweep has invited bids to acquire its distribution company (DISCOM) responsible for electricity distribution and retail supply. The last date of submission of ...
/ / Grid, Market & Policy
Thirty-Nine DISCOMs Submit Draft Proposals Under Power Reforms Program

Thirty-Nine DISCOMs Submit Draft Proposals Under Power Reforms Program

The Ministry of Power (MoP) has said that 39 out of 55 electricity distribution companies (DISCOMs) have submitted draft proposals under the ₹3.03 trillion (~$40.82 billion) reforms-based result-linked power distribution ...
/ / Grid, Market & Policy
Additional Surcharge for Open Access Consumers in Punjab Increased to ₹1.22/kWh

Additional Surcharge for Open Access Consumers in Punjab Increased to ₹1.22/kWh

The Punjab State Electricity Regulatory Commission (PSERC) has approved an increase in the additional surcharge to ₹1.22(~$0.016)/kWh from ₹1.16 (~$0.015)/kWh for consumers to avail open access beyond their contract demand ...
/ / Markets & Policy, Solar
Government Moves Ahead on Dadra & Nagar Haveli, Daman & Diu DISCOM Privatization

Government Moves Ahead on Dadra & Nagar Haveli, Daman & Diu DISCOM Privatization

The Union Cabinet has approved the formation of a special purpose vehicle (SPV) to privatize the electricity distribution business in the Union Territory (UT) of Dadra & Nagar Haveli and ...
/ / Markets & Policy, Other
Maharashtra DISCOM Asked to Clear Dues of Four Wind Energy Generators

Maharashtra DISCOM Asked to Clear Dues of Four Wind Energy Generators

The Maharashtra Electricity Regulatory Commission (MERC) recently directed the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to pay the principal amount to four wind project developers. By December 2021, MSEDCL ...
/ / Other, Wind
Concrete Banking Rules and Uniform State Policies Key to Open Access Solar Growth

Concrete Banking Rules and Uniform State Policies Key to Open Access Solar Growth

Mercom hosted a session on 'Open Access Solar – an Ideal Solution to Reduce Carbon Footprint and Operating Costs for C&I Entities' at 'Mercom India Solar Forum 2021' on October ...
/ / Markets & Policy, Solar
Maharashtra Commission Directs DISCOM to Clear Dues of a Wind Energy Generator

Maharashtra Commission Directs DISCOM to Clear Dues of a Wind Energy Generator

The Maharashtra Electricity Regulatory Commission (MERC) has ordered the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to clear the dues of a wind energy generator up to December 2020 by ...
/ / Markets & Policy, Wind
Punjab Electricity Regulator Holds Solar Power Curtailment Unjustifiable

Punjab Electricity Regulator Holds Solar Power Curtailment Unjustifiable

The Punjab State Electricity Regulatory Commission (PSERC) has held the curtailment of power generated by seven solar project developers in 2020 unjustifiable. It directed the Punjab State Power Corporation Limited ...
/ / Markets & Policy, Solar