Page 5 - Discoms
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
 "Discoms' outstanding dues towards gencos to be eliminated by 2026: RK Singh")
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 exchanges clock growth despite pending discom dues worth Rs 1.32 trn")
Power shocks: Discoms need transparency
Only transparent pricing and accounting will help the discoms recover their dues
 "Power shocks: Discoms need transparency")
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
 "Centre's plan on sale of RE power to states offers only a flickering hope")
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
 "12 states, J&K debarred from power trading over non-payment of dues")
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)
 "Electricity Bill 2022 to push pvt investment in power distribution sector")
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
 "TMS Ep228: Discom bailout, Chess Olympiad, markets, Google Street View")
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
 "Clear your power dues, PM Modi reminds states; here is what they owe")
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
 "Distressed discoms, high demand: What is ailing India's power sector?")
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
 "There's fear of Sri Lanka crisis spillover, says EAM S Jaishankar")
Hyderabad- based Greenko to offer energy storage through a cloud platform
Storage to be open access for any consumer to use, can own and invest in green energy projects
 "Hyderabad- based Greenko to offer energy storage through a cloud platform")
38 discoms qualify for Rs 1.9 trillion under Centre's new reform scheme
State-owned discoms across the country are financially and operationally beleaguered despite four reform schemes in the past 15 years
 "38 discoms qualify for Rs 1.9 trillion under Centre's new reform scheme")
Govt may drop proposal on discom delicensing after some states protest
The amendment pertains to delicensing of power distribution that would have paved the way for any company to supply electricity in an area, after necessary regulatory approval
 "Govt may drop proposal on discom delicensing after some states protest")
Discoms outstanding dues to power producers rise 4% to Rs 1.32 trn in June
On a sequential basis, total dues in June increased from Rs 1,30,139 crore in May 2022
 "Discoms outstanding dues to power producers rise 4% to Rs 1.32 trn in June")
20 yrs of privatised Delhi discoms: Leap in tech but feet tied in populism
Delhi's power purchase cost has risen by 300% since 2014 but the tariff has only risen by 90%
Open access: A game changer for green energy?
While India's target for 2030 is 500 GW of non-fossil generating capacity, the present grid connected installed capacity (including large hydro) is about 165 GW
BSES to install 5 mn smart meters across Delhi in country's largest rollout
Floats tender worth Rs 4,000 crore to procure the meters; installation to start by October
Amendments to Electricity Act could be tabled in monsoon session: R K Singh
Government seeks another round of power distribution reform and boost renewable energy
Financial health of discoms hurdle for renewable energy sector: Moody's
The payment delays to the state-owned distribution companies are common, leading to a build-up of receivables from off-takers and an increase in working capital debt for renewable energy companies