Andhra Pradesh DISCOM Experiences Steepest Rating Decline in FY 2020
The Ministry of Power released its ninth annual integrated ratings for the state distribution companies (DISCOMs) for the financial year (FY) 2020. Overall, 16 DISCOMs (out of 41) registered improvements ...
Power Generators Face Highest Payment Backlog from Tamil Nadu and Rajasthan DISCOMs
Distribution companies (DISCOMs) owed ₹124.2 billion (~$1.66 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 193 pending invoices at the end of May 2021, according to ...
Renewable Projects Under Construction Get 75-Day Extension Amid Covid-19 Crisis
In a move to provide the much-needed relief to renewable developers amid the second surge of Covid-19 pandemic, the Ministry of New and Renewable Energy (MNRE), in its latest notification, ...
Three-Month Extension Granted to Power Transmission Projects Affected by Covid-19
In an important announcement, the Ministry of Power (MoP) has granted an extension of three months to all interstate transmission projects under construction, with the scheduled commercial operation date (SCOD) ...
Ministry Proposes New Mechanism to Reduce Cost of Power and Renewable Curtailment
The Ministry of Power has issued a discussion paper on market-based economic dispatch (MBED) of power and has requested the stakeholders to provide their comments on the matter by June ...
Ministry of Power Proposes Restructuring Renewable Energy Certificates Mechanism
The Ministry of Power has released a discussion paper on redesigning the renewable energy certificate (REC) mechanism for stakeholder comments. The stakeholders have time until June 25, 2021, to submit ...
DISCOMs Owed Renewable Generators ₹113.34 Billion at the End of April 2021
Distribution companies (DISCOMs) owed ₹113.34 billion (~$1.56 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 200 pending invoices at the end of April 2021, according to ...
Electricity Regulators Suggest Measures to Reduce Retail Power Tariff
In a recent meeting, the Forum of Regulators discussed factors affecting the cost of power and stressed the need to analyze and evolve measures to reduce or contain the retail ...
DISCOM Dues to Renewable Generators Slide to ₹120.25 Billion in March 2021
Distribution companies (DISCOMs) owed ₹120.25 billion (~$1.62 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 283 pending invoices at the end of March 2021, according to ...
Ministry Directs Electricity Regulators to Ensure Timely Issue of Tariff Orders
The Ministry of Power has issued a notification directing the state electricity regulatory commissions (SERCs) to issue tariff orders for the financial year (FY) 2020-21 at the earliest. The Ministry ...
Government-owned Power Financing Institutions Reduce Lending Rates
State-owned non-banking financial firms, Power Finance Corporation (PFC), and REC will reduce lending rates by up to 2% points from April 1, 2021. According to the PTI, the PFC said, ...
DISCOMs’ Outstanding Payments to Renewable Generators Cross ₹123 Billion in February
Distribution companies (DISCOMs) owed ₹123.45 billion (~$1.68 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 206 pending invoices at the end of February 2021, according to ...
Solar Project Development in India: A Long Road Towards an Ambitious Target
India's cumulative installations breached the 40 GW mark, according to Mercom India Research. The total installations comprised 34.9 MW of utility-scale solar installations, and the rooftop segment accounted for 5.1 ...
Contract Performance Guarantee for Power Transmission Projects Reduced by Over 60%
The Ministry of Power has reduced the contract performance guarantee for tariff-based competitive bidding transmission projects by more than 60%. The contract performance guarantee will now be charged at the ...
Ministry Asks States to Relax Performance and Bid Security for Power Project Bids
The Ministry of Power has directed the state governments and the governments of union territories (UT) to relax performance security, earnest money deposits requirements for power project bids. It has ...
Letter of Credit Order Ignored, Andhra DISCOMs Allowed to Buy Power from Spot Market
The Andhra Pradesh High Court, in a recent order, has allowed the distribution companies (DISCOMs) of the state to operate through power exchanges and to secure power through open access ...
Power Ministry Favors Tariff-Based Competitive Bidding for Intrastate Transmission
In a recent notification, the Ministry of Power (MoP) said that as the intrastate transmission systems have a major share in the country, the adoption of tariff-based competitive bidding to ...
Month in a Minute: Top Headlines from Indian Renewable Sector in February 2021
Here is a recap of some of the most important headlines from February 2021: Total Eren and EDF Renewables announced that EDEN Renewables India has successfully secured financial closure for ...
DISCOM Dues to Renewable Generators Edged Up to ₹122 Billion in January 2021
Distribution companies (DISCOMs) owed ₹122.49 billion (~$1.65 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 384 pending invoices at the end of January 2021, according to ...
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 ...
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 ...
Energy Storage Systems Must Be Charged Using Renewables: Round-the-Clock Power Bid
The Ministry of Power (MoP) has amended the guidelines for the tariff-based competitive bidding process for the procurement of round-the-clock (RTC) power from grid-connected renewable power projects, complemented with power ...
NTPC’s 520 MW Hydropower Project Damaged in Glacier Burst and Floods
A glacial lake burst led to a rise in water levels in the river Rishiganga in Uttarakhand, damaging part of NTPC's 520 MW Tapovan Vishnugad hydropower project which was under ...
CERC Rejects Petition to Exempt Projects in Solar Parks from ISTS Charges
The Central Electricity Regulatory Commission (CERC) has rejected a petition to declare an inter-state transmission system (ISTS) transmission network connecting the solar park with the national grid as a ‘project ...
DISCOMs Now Have Hydropower Purchase Obligation in Their RPO Targets
The Ministry of Power (MoP) has issued a notification specifying renewable purchase obligation (RPO) targets, including large hydropower projects commissioned after March 08, 2019. On March 08, 2019, the government ...
