After Andhra, Haryana’s Flip-Flop on Solar Development is Costing Developers
The 2022 deadline for India's solar target is looming large, and now is the time when all states should be working cohesively towards enabling solar expansion. Instead, several states in ...
Installers Rally for Net Metering in Andhra’s Rooftop Solar Policy
Andhra Pradesh’s solar development has not had a smooth run since the past year. In a recent development, renewable developers and stakeholders in the state are now up in arms ...
Bihar Commission Allows DISCOMs to Carry RPO Shortfall to Next Year
The Bihar Electricity Regulatory Commission (BERC) has approved the request of the Bihar State Power Holding Company Limited (BSPHCL) to carry forward the shortfall in its renewable purchase obligation (RPO) ...
NTPC Once Again Extends Bidding Deadline for 1.2 GW of Solar Projects
NTPC Limited has once again extended the bid submission deadline for its tender to set up 1.2 GW of the interstate transmission system (ISTS)-connected solar power projects in India. The ...
Andhra Pradesh Gives State Guarantee for DISCOMs to Avail ₹66 Billion in Loans
The Government of Andhra Pradesh has provided a state-backed guarantee for distribution companies (DISCOMs) to avail ₹66 billion (~$873.4 million) loan from the Power Finance Corporation Limited (PFC) and Rural ...
NTPC Announces Rebate Worth ₹13.63 Billion for DISCOMs
NTPC Limited has agreed to defer the capacity charges and provide rebates to distribution companies (DISCOMs) to the tune of ₹34.27 billion (~$455 million) during the nationwide lockdown. The government-owned ...
PGCIL Approves ₹10.75 Billion as Rebate to DISCOMs on ISTS Charges Amid COVID Crisis
The Power Grid Corporation of India Limited (PGCIL) announced that it had approved ₹10.75 billion (~$142.5 million) as a one-time consolidated rebate to distribution companies (DISCOMs) and power departments of ...
Six Month Moratorium to Renewable Generators Can Bring Huge Relief: ReNew Interview
The global coronavirus crisis has disrupted production processes and supply chains across sectors, and the solar industry is no exception. In India, the lockdown is still in place, and social ...
Bailing Out Power DISCOMs at Every Crisis is Not the Way to Fix Them
Distribution Companies (DISCOMs) have been a significant strain on the Indian power system. Their poor financial performance has been weighing down the entire sector with their inability to pay power ...
REC Releases Details for Bailing Out Power Distribution Companies Amid Coronavirus Crisis
The Rural Electrification Corporation Limited (REC) has announced an opportunity for the distribution companies (DISCOMs) to avail loans to clear their dues. The loans under this program will be co-funded ...
DISCOMs in Union Territories to be Privatized, New Tariff Policy in the Making
In the fourth tranche of the economic stimulus package, Finance Minister Nirmala Sitharaman announced several significant power sector reforms. The latest announcement comes on the heels of the announcement made ...
DISCOM Dues to Renewable Energy Generators Continue to Rise
Distribution companies (DISCOMs) owed renewable energy generators ₹68.37 billion (~$914.5 million) in outstanding payments spread across 307 pending invoices at the end of March 2020, according to data from the ...
Late Payment Surcharge for DISCOMs Reduced in Madhya Pradesh
To tackle the unprecedented challenges posed by the outbreak of Coronavirus, the Madhya Pradesh Electricity Regulatory Commission (MPERC) has reduced the rate of current late payment surcharge (LPS) to be ...
Industry Groups Ask for Renewable Generators to be Fully Paid Amid COVID-19 Crisis
The Solar Power Developers Association (SPDA) and the Indian Renewable Energy Alliance (IREA) have written letters to the Government of India requesting necessary relief for renewable energy generators in the ...
CERC Asked to Reduce Late Payment Surcharge as Cash Flow Dries Up Amid COVID-19 Outbreak
The Ministry of Power (MoP) has disclosed that it has received representations from power distribution companies and state governments requesting a waiver of late payment surcharge (LPS) given the force ...
DISCOMs Get 3 Month Moratorium to Pay Power Generators Due to COVID-19 Disruption
Amid the growing fear of the spread of Coronavirus and the lockdown imposed by the country to stop the spread of COVID-19, the workforce of the power sector, including the ...
Gujarat: Additional Surcharge for Open Access Consumers Up to ₹0.37/kWh from ₹0.10/kWh
The Gujarat Electricity Regulatory Commission (GERC) has worked out an additional surcharge of ₹0.37 (~$0.0049)/kWh for the period of April 01, 2020, to September 30, 2020, for consumers utilizing power ...
Only 84.27% of Supplied Power Billed by States
In a written reply to the Lok Sabha, Union Power Minister, R.K. Singh, said that according to the data made available by states and union territories (excluding three states and ...
Delhi DISCOMs Asked to Take Precautions in Providing Power to New EV Charging Stations
The Delhi Electricity Regulatory Commission (DERC) has written a letter to distribution licensees in the city asking them to implement necessary safety measures before providing power to newly installed electric ...
DISCOMs’ Outstanding Payments to Renewable Generators Rise to ₹62.19 Billion
Distribution companies (DISCOMs) owed renewable energy generators ₹62.19 billion (~$856.2 million) in overdue outstanding payments at the end of January 2020. Excluding payments under dispute, overdue payments stood at ₹61.88 ...
Andhra High Court Asks DISCOMs to Clear Dues of Wind Developers in Two Weeks
The Andhra Pradesh High Court has asked the state’s distribution companies including, Southern Power Distribution Company Limited (APSPDCL) and Eastern Power Distribution Company Limited (APEPDCL), to clear the dues of ...
CERC Allows Solar Developers’ Claim for GST Compensation on EPC Cost
In its recent order, the Central Electricity Regulatory Commission (CERC) has reiterated its opinions on the restitution principle in power purchase agreements in the face of a Change in Law ...
Budget 2020 Allocates ₹220 Billion to Power & Renewable Energy Sector, Empowers Consumers
Amid the ongoing economic slowdown, the Union Budget 2020-21 has tried to instill hope in the investors and taxpayers. The Finance Minister Nirmala Sitharaman presented the Union Budget 2020-21 in ...
Privatizing DISCOMs the Way Out of their Financial Mess
The Indian power sector has been reeling under enormous financial pressure over the last few decades. Distribution companies (DISCOMs), a crucial part of the power sector, have been at the ...
At Over ₹844 Billion, DISCOM Dues to Power Generators in October up 54% YoY
Outstanding dues to power generators from distribution companies (DISCOMs) at the end of October 2019 stood at ₹844.45 billion (~$11.83 billion), up by ₹297.76 billion (~$4.17 billion) or 54% from ...
