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
RP-Sanjiv Goenka Group Company Set to Acquire Chandigarh DISCOM

RP-Sanjiv Goenka Group Company Set to Acquire Chandigarh DISCOM

Eminent Electricity Distribution Limited, a wholly-owned subsidiary of Calcutta Electricity Supply Corporation (CESC), has placed the highest bid of ₹8.71 billion (~$117.32 million) to acquire a 100% stake in Chandigarh’s ...
/ / Finance and M&A, Other
The Role of DISCOMs in India's Transition to a Clean Energy Regime

The Role of DISCOMs in India’s Transition to a Clean Energy Regime

Distribution companies (DISCOMs) should ideally be at the forefront of fulfilling the country's clean energy commitments. However, DISCOMs have remained the weakest link in India's power system. The poor financial ...
/ / 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
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 ...
Another Electricity Distribution Company Seeks Bidders to Acquire Majority Stake

Another Electricity Distribution Company Seeks Bidders to Acquire Majority Stake

The union territory of Dadra and Nagar Haveli and Daman and Diu has invited bids to acquire a 51% stake in its distribution company (DISCOM), responsible for the distribution and ...
/ / Finance and M&A, Other
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 ...
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
Ministry of Power Readies Framework to Privatize Distribution Licensees

Ministry of Power Readies Framework to Privatize Distribution Licensees

The Ministry of Power (MoP) has issued draft standard bidding documents to select bidders for acquiring a majority stake in distribution licensees for the distribution and retail sale of electricity ...
/ / Grid, Market & Policy
Puducherry Opposes Central Government’s Move to Privatize DISCOMs of Union Territories

Puducherry Opposes Central Government’s Move to Privatize DISCOMs of Union Territories

The union territory of Puducherry has opposed the central government’s proposal to privatize all distribution companies (DISCOMs) in the union territories (UTs) across the country. According to a Twitter post ...
Bailing Out Power DISCOMs at Every Crisis is Not the Way to Fix Them

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 ...
DISCOM Privatization and New Power Tariff Policy, Next in Line

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 ...
/ / Grid, Market & Policy
Privatizing DISCOMs the Way Out of their Financial Mess

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 ...
Dispute Over One Day Commissioning Delay Causes 30% Solar Tariff Reduction in Karnataka

Canadian Solar Withdraws Proposal to Go Private

Solar module manufacturer, Canadian Solar has announced that its chief executive officer Dr. Shawn Qu has withdrawn his bid to take the company private after a special committee established by ...
/ / Markets & Policy, Solar