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The Delhi government has ordered a CAG audit of power discoms against the backdrop of a staggering Rs 38,500 crore accumulated over the years as Regulatory Assets (RA) that are to be recovered from consumers. The Comptroller and Auditor General (CAG) of India will undertake a "strict and intensive" audit of the circumstances under which discoms - BSES Rajdhani Power Ltd (BRPL), BSES Yamuna Power Limited (BYPL) and Tata Power Delhi Distribution (TPDDL) - have continued without recovery of regulatory assets, according to an order issued by the Power Department of the Delhi government on Wednesday. The audit may preferably be completed within three months from the date of communication of the order, subject to any extension that the CAG may consider according to the scope and complexity of the audit, the order said. Commenting On the order, a BRPL spokesperson said, "The question of a CAG audit of the Delhi discoms is currently sub judice before the courts. As the matter is under ...
Outstanding legacy dues of power distribution utilities or discoms reduced to Rs 3,300 crore in March this year from Rs 1.39 lakh crore in June 2022, Parliament was informed on Thursday. Government of India notified the Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 on June 3, 2022. As per the rules, all dues owed to generating companies (IPPs, CPSEs, and Renewable Energy Developers), traders, and TRANSCOs, including late payment surcharges, accrued up to June 3, 2022, were classified as legacy arrears. These arrears were required to be rescheduled, with distribution licensees paying them in Equated Monthly Installments (EMIs), stated Minister of State for Power Shripad Naik in a written reply to the Lok Sabha. The rules also provide a framework for the time-bound clearance of current dues. As a result, the outstanding legacy dues have reduced from Rs 1,39,947 crore as on June 3, 2022 to Rs 3,330 crore on March 27, 2026, the minister stated. Distribution ...
Ceigall India on Wednesday said it has signed power purchase agreements with Maharashtra state utility MSEDCL for two solar projects of 337 MW capacity to be set up at an investment of Rs 1,369 crore. Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) signed power purchase agreements (PPAs) with the company's two wholly-owned subsidiaries on March 24, Ceigall India said in an exchange filing. The agreements cover the development of solar photovoltaic power-generating stations with a combined capacity of 337 MW under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0). The first project, with a capacity of 190 MW, will be developed across four districts in Maharashtra and another with a capacity of 147 MW will span two districts. The combined EPC value of the projects stands at approximately Rs 1,369 crore (inclusive of GST). The execution timeline for the projects is 18 months. Ramneek Sehgal, Chairman & Managing Director, Ceigall India Limited, said, "These PPAs .