Page 11 - Discoms

Power demand to decline 8% in FY21, discoms' revenue to fall 13.1%: Report

According to the agency, the fall in demand is likely to result in a 13.1% YoY decline in revenue of discoms to Rs 6.8 trillion in FY21

UP asks for Rs 20,940 cr loan to help discoms, more states in queue

Loan requirements under Atmanirbhar scheme to help state-owned discoms crosses Rs 98,000 cr

Letter to BS: Discoms are in deplorable state, need urgent action

The root causes indeed are the pathetic operational efficiency of most state-owned thermal plants and the totally flawed power-pricing strategy that discoms are forced to follow

Power crisis

Discoms can pose risk for state government finances

Atmanirbhar loan may touch Rs 1.25 trillion: Power minister R K Singh

The special loan is aimed at clearing dues of discoms towards Centre-owned and private power generation units.

Govt likely to hike liquidity package for discoms to Rs 1.25 trillion

"Ministry of Power has firmed up a proposal to hike the Rs 90,000 crore liquidity package for discoms to Rs 1.25 trillion," a source privy to the development said

Unlock 1.0: High power bills irk consumers, celebs take to social media

Discoms start campaign to educate about provisional bills, urge self meter reading

Why smart meters are imperative for discoms

The Covid-19 crisis is also an opportunity for accelerating the rollout and adoption of smart metering

REC kicks off discom package with Rs 2,500 crore to Maharashtra

REC has sanctioned another Rs 3,300 crore for Andhra Pradesh, Rs 2,000 crore for Punjab and Rs 2,032 crore for Rajasthan.

Punjab, Rajasthan, Andhra Pradesh seek Rs 14,664 crore to revive discoms

States request Rs 14,000 crore, PFC-REC to lend at above 9%

Rising discom debt

The sector needs urgent policy reforms

Discoms' debt to hit an all-time high of Rs 4.5 trillion by FY21: Crisil

Higher costs and constrained cash inflows amid declining demand mean the per-unit operating gap of discoms will widen to 83 paise per unit by the end of this fiscal

Discoms can now buy power on exchanges just an hour before delivery

Real time electricity market enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery

Rs 90K cr package to provide only temporary relief to discoms: Ind-Ra

Finance Nirmala Sitharaman earlier this month announced Rs 90,000 crore liquidity infusion for discoms, saying that they owe Rs 94,000 crore to power generation companies

Rs 90,000 cr discom package: Street anxious over impact on PFC and REC

While state government guarantee offers comfort, operational inefficiency may continue to impact debt servicing ability of electricity distributors, say experts; the two stocks are down 10-13 per cent

Covid-19 impact: JSW Energy puts GMR Kamalanga acquisition on hold

In February, JSW Energy said it would acquire GMR's Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore.

Covid-19 won't impact us, examining if we need pay cuts: JSW Energy CEO

The privatisation of distribution in Union Territories is a positive move by the government, says Prashant Jain, joint MD & CEO of JSW Energy

Power reforms won't electrify the sector

At best, the scheme can be viewed as a one-time measure, while the larger problem of insolvency of discoms remains

Make reforms work

Govt has to find a way to remove the stumbling blocks

Power distribution companies in UTs to be privatised, says Finance Minister

Sitharaman said privatisation of discoms will lead to better service to consumers and improvement in operational and financial efficiency in power distribution