The Government of India (GOI) has approved a relaxation for Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) that have been tasked with managing the liquidity crisis of the distribution companies.

PFC and REC Get Relaxation on Loan Disbursal for DISCOMs under UDAY Program

The Government of India (GOI) has approved a relaxation for Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) that have been tasked with managing the liquidity crisis of the ...
/ / Markets & Policy, Solar
Only 84.27% of Supplied Power Billed by States

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 ...
/ / Grid, Market & Policy
Andhra Pradesh Approves ₹28.94 Billion for DISCOMs to Clear Solar & Wind Power Dues

Andhra Pradesh Approves ₹29.84 Billion for DISCOMs to Clear Solar & Wind Power Dues

The Andhra Pradesh government has approved ₹29.84 billion (~$415.67 million) to distribution companies (DISCOMs) in the state towards the payment of 25% of their losses, allowing them to clear their ...
Center Mulls 5-Min Time-Block for Deviation Settlement as Renewable Generation Surges

Center Mulls 5-Min Time-Block for Deviation Settlement as Renewable Generation Surges

The Confederation of Indian Industry (CII) recently organized a conference “Energizing South” in Tamil Nadu’s capital city of Chennai. The conference’s theme was “India at 75: Forging Ahead: Commercially Smart, ...
353 Million LED Bulbs Distributed Under Government’s UJALA Program

353 Million LED Bulbs Distributed Under Government’s UJALA Program

Under the government’s UJALA program, the Energy Efficiency Services Limited has distributed over 353 million LED bulbs so far. This, in turn, has resulted in an estimated energy savings of ...
NTPC and Power Grid Corporation Form a JV to Enter Consumer Electricity Distribution Business

NTPC and Power Grid Corporation Form a JV to Enter Consumer Electricity Distribution Business

The National Thermal Power Corporation Limited (NTPC) and the Power Grid Corporation of India Limited (PGCIL) have signed an agreement to form a joint venture. The joint venture, called the ...
/ / Markets & Policy, Solar
NITI Aayog Releases Proposal to Develop Electric Vehicle Charging Infrastructure in Delhi

Government Proposes $700 Million Plan for EV Infrastructure Revamp in the Next 5 Years

Recently, the Ministry of Power (MoP) in a meeting with the Fifteenth Finance Commission in New Delhi, proposed measures to support the development of Flue Gas Desulfurization (FGD) infrastructure and ...
Spot Power Price Declines by 7% to ₹3.46/kWh in July but Still Higher than Solar Tariffs

India’s Power Utilities’ Ratings Over the Last Year Decline Slightly

The Ministry of Power (MoP) recently released its sixth annual integrated ratings for the state distribution utilities. Out of the 41 utilities that were covered in the report, five utilities ...
/ / Grid, Market & Policy
Rajasthan to Get $250 Million from World Bank to Reform Electricity Distribution

Rajasthan to Get $250 Million from World Bank to Reform Electricity Distribution

The World Bank has approved a $250 million development policy loan (DPL) to Rajasthan for the improvement of the state’s electricity distribution sector under the ‘24x7 Power for All’ program ...
/ / Grid, Market & Policy
Some DISCOMs Make Progress Under UDAY Program

Some DISCOMs Make Progress Under UDAY Program

The Ujwal DISCOM Assurance Yojana (UDAY) program is helping some state-run distribution companies (DISCOMs) stuck in a debt-rut come out of the vicious spiral. Various DISCOMs across the country were ...
R. K. Singh Asks States to Curb the Losses Incurred by DISCOMs

R.K. Singh Asks States to Curb the Losses Incurred by DISCOMs

Emphasizing on the need to electrify each and every household across the country, the Minister of Power, R.K. Singh, has asked all the ministers and officials to work together as ...
Ministry of Power Addresses Pass Through, Open Access in Amendments to Tariff Policy

Ministry of Power Addresses Pass Through, Open Access in Amendments to Tariff Policy

The Ministry of Power has issued draft amendments to Tariff Policy 2016. The amendments have been proposed keeping in view the changes and dynamic nature of the power sector. These ...
Government Likely to Amend Electricity Act to Ensure that DISCOMs Enter PPAs

Government Likely to Amend Electricity Act to Ensure that DISCOMs Enter PPAs

The union government has proposed an amendment to the Electricity Act to ensure that the companies applying for power distribution rights also sign the requisite Power Purchase Agreements (PPAs). The ...
India’s Banks Grapple with $38 Billion in Bad Loans from Power Sector: Report

India’s Banks Grapple with $38 Billion in Bad Loans from Power Sector: Report

India’s banking sector is staring at potential dud assets worth $38 billion (~₹2,470 billion) from the power sector, according to a latest report released by the Bank of America and ...
Union Territory of Lakshadweep Joins Government’s UDAY Program

Union Territory of Lakshadweep Joins Government’s UDAY Program

The union territory of Lakshadweep has become the latest signatory to the Ujwal DISCOM Assurance Yojana (UDAY) program which has been implemented by the government of India to assist in ...
/ / Grid, Utilities
AT&C Losses Increased in Many States Under UDAY Program in 2017

AT&C Losses Increased in Many States Under UDAY Program in 2017

The aggregate technical and commercial (AT&C) losses for the states and union territories under the Ujwal DISCOM Assurance Yojana (UDAY) program increased in the past one year, according to government ...
/ / Markets & Policy, Other
States Under UDAY Program Cut Down Financial Losses in 2017

States Under UDAY Program Cut Down Financial Losses in 2017

The Distribution Companies (DISCOMs) in states that joined the Ujwal DISCOM Assurance Yojana (UDAY) program have cut down their financial losses from ₹515.9 billion (~$8.14 billion) in the Financial Year ...
/ / Grid, Utilities
India Solar and Renewable Energy Policies Announced in November 2017

India Solar and Renewable Energy Policies Announced in November 2017

Central and state government agencies across India announced important new policies and made changes to some existing policies during the month of November. Here are some highlights. National The Government ...
/ / Markets & Policy, Solar
Top India Solar and Power Related Apps for Download

Top India Solar and Power Related Apps for Download

Project developers, policymakers, government officials, manufacturers, and suppliers in the power and renewable energy industry all agree that need for transparency and lack of awareness among consumers is a big ...
/ / Grid, Smart Grid
Tamil Nadu Launches Procedure for Deviation Settlement of Wind and Solar Projects

₹2.09 Trillion in DISCOM Debt Taken Over by States Under UDAY

States participating in the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) have taken over debt of ₹2.09 trillion (~$32.5 billion) from their DISCOMs. This is almost half of the ₹4.3 ...
/ / Grid, Utilities
loan to DISCOMs

Haryana DISCOMs to Get Rs.7.5 Billion (~$116 Million) Under UDAY Program

The Haryana government will provide Rs.7.5 billion (~$116.38 million) loan to distribution companies (DISCOMs) in Haryana at a concessional rate of interest (about 3 percent lower than the market rate) ...
power

Mercom Exclusive: India Power Utilities Performance Ratings – Some Improve, Some Don’t

According to the latest “Integrated Rating for State Power Distribution Utilities” report by the Ministry of Power, the four Gujarat state power distribution utilities (DISCOMs) have emerged as top performers ...
/ / Grid, Utilities
Month in a Minute

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Energy Sector in March 2017

The Asian Development Bank approved a $175 million (~Rs.11.35 billion) loan to the Power Grid Corporation (PGCIL) to expand its solar power transmission network across the country. Payment delays by ...
/ / Other, Renewable Energy
Policy Roundup

India Solar and Renewable Energy Policy Roundup: March 2017

Here is a renewable energy policy roundup from central, state and government agencies in India for the month of March 2017. After the low tariffs recorded in the Rewa auction, ...
/ / Markets & Policy, Solar
UDAY

Indian State of Mizoram Joins UDAY Program

Mizoram is the 27th Indian State to join the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) program which was implemented by the government of India to assist in the financial ...
/ / Grid, Utilities