Five more states get additional borrowing of Rs. 2,094 crore
NEW DELHI: Reform linked additional borrowing permissions are stimulating reforms in Power Sector in the states. As a part of reform process, five more states namely, Bihar, Goa, Karnataka, Rajasthan and Uttarakhand have successfully met the target set by the Ministry of Power for reduction in Aggregate Technical & Commercial (AT&C) losses or achieved the […]
Fuel supply by Coal India Limited to power sector drops 5% to 277 MT in April-November
NEW DELHI: Coal supply by state-run CIL to the power sector declined by 5.3 per cent to 277.46 million tonne (MT) in the April-November period of the ongoing fiscal. The state-owned company had supplied 292.88 million tonnes of coal to the power sector in the corresponding period of the previous fiscal, according to official data. […]
Jammu and Kashmir power sector to receive Rs 11,000 crore financial aid
SRINAGAR: A loan assistance of Rs 11,024.47 crore has been approved for Jammu & Kashmir (J&K) under the Atmanirbhar Bharat Abhiyan (liquidity infusion scheme in DISCOMs). This will enable J&K to clear its outstanding payments under power purchases made by it, officials said. An MoU for availing the second tranche of this loan for Rs […]
Discoms’ dues to generators rise 34% to Rs 1.26 lakh crore
NEW DELHI:The Covid-19 pandemic continues to have a wider impact on the country’s power sector in the current financial year with the acute slowdown witnessed in the first quarter period carrying on further, albeit at a lot lower levels, affecting both demand and supply, and hiking the stress levels of state discoms. According to analysts, […]
Narendra Modi reviews power sector,says state-specific solutions needed
NEW DELHI: The Prime Minister Narendra Modi reviewed the work of the Ministry of Power and Ministry of New and Renewable Energy, last evening. Policy initiatives including revised Tariff Policy and the Electricity (Amendment) Bill 2020 to redress the problems afflicting the power sector were discussed. Prime Minister emphasized the need to enhance consumer satisfaction […]
Narendra Modi holds a meeting to review Power Sector
NEW DELHI: Prime Minister of India Narendra Modi held a detailed meeting on the Power Sector & took stock of the impact of COVID-19. He also discussed various long-term reforms for enhancing sustainability, resilience, and efficiency of the sector. The discussions included measures regarding ease of doing business; propagation of renewables; flexibility in supply of […]
Stressed discoms’ dues to power gencos rose 48% to Rs 81,010 crore in October
NEW DELHI: Power producers’ total outstanding dues owed by distribution companies rose around 48 per cent to Rs 81,010 crore in October 2019 over the same month last year, reflecting stress in the sector. Distribution companies (discoms) owed a total of Rs 54,654 crore to power generation companies in October 2018, according to portal PRAAPTI […]
Adani Group to invest Rs 5,500 crore in Uttar Pradesh’s food processing, power sectors
NEW DELHI: Adani Group will invest Rs 5,500 crore over the next five years in power transmission and food processing sectors in Uttar Pradesh, its chairman Gautam Adani said on Sunday. Speaking on the occasion of the second ground breaking ceremony that will see the launch of multiple projects by corporates, Adani said he had […]