Page 4 - Discoms

SJVN bags Maharashtra discom's 200-MW solar project worth Rs 1,200 crore

State-owned SJVN Ltd on Saturday said that its arm SJVN Green Energy has bagged a 200 MW solar project worth Rs 1,200 crore from Maharashtra State Electricity Distribution Company Ltd. "Company through its wholly-owned subsidiary SJVN Green Energy Limited has bagged 200 MW solar power project on Build Own and Operate (BOO) basis from Maharashtra State Electricity Distribution Company Limited (MSEDCL) through e-RA (Reverse Auction) conducted on December 2, 2022," a BSE filing said. The tentative cost of this project is around Rs 1,200 crore and the project is expected to generate 455.52 Million Units (MUs) in the 1st Year and the cumulative energy generation over a period of 25 years would be about 10,480.82 MUs, it said. The commissioning of the project is expected to reduce 5,13,560 tonnes of carbon emission and would contribute to the government of India's mission of reduction in carbon emission. Currently the company's renewable portfolio stands at 4,320.5 MW, out of which 179.5

Discoms' dues to gencos down by Rs 24,000 crore on back of loan scheme

But cumulative dues remain at a high of Rs 1.13 trillion

Govt proposes pool of old thermal power units to balance more renewable

Pool to address grid balancing concern as states relinquish costly thermal power to procure more RE

Top headlines: Morbi death toll at 132; India Inc eyes Dubai for investment

Prime Minister Narendra Modi on Sunday said he could foresee that India would soon be manufacturing big passenger aircraft that would proudly bear the words 'Made in India'.

Survival of discoms is questionable now: PowerMin to state govts

Lack of timely payment, especially from the other government departments in the state, is one major reason crimping the payment ability of discoms

Discoms' aggregate loss rises 66% to Rs 50,281 cr in 2020-21: Report

Aggregate losses of power distribution utilities or discoms increased by 66 per cent to Rs 50,281 crore in 2020-21 as compared to the previous year, a report by state-run Power Finance Corporation said. 'The Report on Performance of Power Utilities in 2020-21' unveiled at state power ministers' conference in Udaipur also stated that overall AT&C (aggregate technical & commercial) losses of discome deteriorated from 20.73 per cent in 2019-20 to 22.32 per cent in 2020-21. For 2020-21, the report covers 117 utilities comprising 68 discoms, 23 power generation utilities, 22 power transmission utilities and 4 power trading utilities. Aggregate losses of discoms increased from Rs 30,203 crore in 2019-20 to Rs 50,281 crore in 2020-21, the report stated adding that aggregate losses on tariff subsidy received, excluding Regulatory Income and Revenue Grant under UDAY (discoms revival scheme) for loan takeover increased from Rs 63,949 crore in 2019-20 to Rs 88,500 crore in 2020-21. The ..

One Nation, One Grid: A problematic power equation

Concept of centralised electricity market sounds sensible in theory but is likely to be unworkable in practice

Discoms outstanding late payment surcharge dues dip sharply to Rs 713 cr

Outstanding dues of power distribution companies towards gencos declined sharply to Rs 713.29 crore on Friday from Rs 5,085.30 crore as of August 17 following a strict action against defaulter utilities. The defaulter utilities were barred from trading at power exchanges under the Electricity (Late Payment Surcharge and related matters), Rules 2022 notified by the power ministry in June 2022. Last month, the national grid operator Power System Operation Corporation Ltd (POSOCO) asked three power exchanges -- IEX, PXIL and HPX -- to restrict electricity trading by 27 discoms in 13 states having outstanding dues towards gencos. The latest update regarding late payment surcharge dues on PRAAPTI portal showed that three discoms in Karnataka and one in Jammu & Kashmir have total outstanding dues of Rs 713.29 crore on September 16, 2022. The outstanding dues were Rs 5,085.30 crore on August 17, 2022. The PRAAPTI stands for Payment Ratification And Analysis in Power Procurement for ...

Regulatory assets of discoms increase 88,720 crore in June: Report

Discoms' regulatory assets cumulatively increased to Rs 88,720 crore by June 30, showed government data

Discoms' outstanding dues towards gencos to be eliminated by 2026: RK Singh

Outstanding dues of electricity distribution companies (discoms) towards gecos, which remains over Rs 1 lakh crore at any point of time, will be eliminated in the next four years, Union power minister R K Singh said. The government has converted the total outstanding dues of discoms toward gencos (power generator companies) into Equated Monthly Installments (EMIs). These EMIs have maximum tenure of four years and thus the total outstanding dues of discoms would be nil by 2026. "The total outstanding dues of the discoms towards gencos is around Rs 1,13,000 crore. These dues would be totally cleared by 2026," Singh told PTI. Singh explained that the government has put a very robust payment security mechanism for the power sector knowing about the perennial issue of bulging dues of discoms toward gencos. He informed that the power ministry has put in place late payment fee Electricity, (Late Payment Surcharge and Related Matters) Rules, 2022 (LPS Rules 2022) which would trigger snapp

Power exchanges clock growth despite pending discom dues worth Rs 1.32 trn

A third player starts operations, pointing to the potential of this nascent business

Power shocks: Discoms need transparency

Only transparent pricing and accounting will help the discoms recover their dues

Centre's plan on sale of RE power to states offers only a flickering hope

The power ministry's plan to become an intermediary in the sale of green power generation to states is only a limited solution to the larger problem facing state discoms

12 states, J&K debarred from power trading over non-payment of dues

Firms cumulatively owe Rs 5,000 crore to gencos; Telangana has the highest amount of Rs 1,380 crore

AIPEF Chairman says claims of choice to power consumers 'misleading'

The claim of providing choice of multiple service providers to power consumers in the Electricity Amendment Bill 2022, is "misleading" and will make state-run discoms loss making entities

Electricity Bill 2022 to push pvt investment in power distribution sector

Business Standard had reported recently that the Centre has dropped the proposal of privatising state-owned power distribution companies (discoms)

TMS Ep228: Discom bailout, Chess Olympiad, markets, Google Street View

Will the govt be fifth-time lucky in bailing out discoms? How did India pull off a successful Chess Olympiad? Will the market up move sustain in August? What is Google Street View? All answers here

Clear your power dues, PM Modi reminds states; here is what they owe

States and UTs, in total, owe over Rs 1 trillion to gencos and about Rs 1.3 trillion to discoms, with Maharashtra owing the maximum

Distressed discoms, high demand: What is ailing India's power sector?

Indian states and union territories (UTs) owe over Rs 1 trillion to the gencos and Rs 62,931 crore to the discoms

There's fear of Sri Lanka crisis spillover, says EAM S Jaishankar

To help island nation engage with IMF, other debtors, says Jaishankar after all-party meet