India-China Border Tension Begins Affecting Domestic Solar Projects Adversely
The latest border dispute between India and China is starting to affect the Indian solar industry directly. The disruption in releasing the consignments at the ports has started to hurt ...
Solar and Other Renewable Policy Highlights from March 2020
With the outbreak of the deadly coronavirus across the world, the global economy and life, in general, have been severely affected. The pandemic has disrupted all segments of the Indian ...
Letter of Credit Has not Been Effective as Payment Security for Solar Developers
To tackle the risks related to delays in payments to independent power producers, the Ministry of Power (MoP) recently mandated state-owned distribution companies (DISCOMs) to issue a letter of credit ...
Andhra High Court Stays Center’s Order, Gives Relief to DISCOMs Over Letters of Credit
The Andhra Pradesh High Court has issued a stay order on the central government’s proceedings against electricity distribution companies (DISCOMs) in Andhra Pradesh for not providing letters of credit to ...
Andhra Allocates ₹5.57 Billion Towards Payment Security Mechanism for Power Purchase
The state government of Andhra Pradesh has set aside a sum of ₹5.57 billion (~$79 million) towards payment security mechanism as notified by the government recently. The amount will be ...
DISCOMs Feel the Heat: No Letter of Credit, No Advance Payment, No Power
The Ministry of Power has issued procedural guidelines for the scheduling of power to distribution companies in case of non-maintenance of the line of credit under the payment security mechanism. Recently, Minister ...
AP to DISCOMs: Wind Generators Should Receive Rebates with 25% Late Payment Surcharge
The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued an order stating that wind power generating companies should get a rebate under respective Power Purchase Agreements (PPA) along with 25 ...