Page 6 - Discoms

Torrent Power takes over distribution in Dadra & Nagar Haveli, Daman & Diu

With a customer base of around 150,000, the newly formed DNHDD Power Distribution Company will have annual sales of 9 bn units of power and an annual revenue of about Rs 4,500 cr.

Discoms owe Rs 1 trillion to power generating firms till Feb: Power Min

The outstanding amount of the discoms (power distribution companies) becomes overdue after 45 days of raising the bill for supply of power by gencos.

REC partners EPIC India to improve performance of discoms

State-owned non-banking finance firm REC has partnered with Energy Policy Institute at the University of Chicago (India) to improve the performance of power distribution utilities. "The Energy Policy Institute at the University of Chicago (EPIC India) has signed a Memorandum of Understanding (MoU) with REC Limited, a public infrastructure finance company, and REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Ltd, to enable an evidence-based approach to improve the electricity distribution utility performance by designing innovative policy interventions for pilot and evaluation," a company statement said. The MoU was signed in the presence of R Lakshmanan, Chief Executive Officer - RECPDCL, Anant Sudarshan, South Asia Director EPIC and Sidhartha Vermani, Executive Director - EPIC India. Under this partnership, in addition to providing research and evaluation support, EPIC India will collaborate with REC Ltd and RECPDCL to provide a platform fo

Maharashtra sends notice to Tata Power for Mumbai power outage on Feb 27

Tata Power says the issuance of the notice by MSLDC is a part of laid out procedures during such events.

States should realise urgency in lowering discoms losses: Power Secy

In a Q&A, Alok Kumar says the law, however, will speed up reforms, given a lot of investment is needed to meet the country's net-zero target

Discoms' outstanding dues to gencos rise 4.4% to Rs 121,030 cr in January

Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose 4.4 per cent year-on-year to Rs 1,21,030 crore in January 2022. Discoms owed a total of Rs 1,15,904 crore to power generation firms in January 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). On a sequential basis also, total dues in January increased from Rs 1,15,462 crore in December 2021. The PRAAPTI portal was launched in May 2018 to bring in transparency in power purchase transactions between generators and discoms. In January 2022, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,01,357 crore as against Rs 99,650 crore in the same month a year ago. The overdue amount stood at Rs 99,981 crore in December 2021. Power producers give 45 days to discoms to pay bills for electricity supply. After that, outstanding dues

Follow prudential norms when lending to discoms: Power Secy tells SBI

Power Secretary Alok Kumar says overall debt of the discoms at the end of FY20 was Rs 5.14 trillion, against a turnover of Rs 7.28 trillion

No access to alternate electricity sources to defaulting discoms: R K Singh

As on Dec 14, total dues of discoms towards gencos was Rs 98,682 cr; If the disputed amount is included, the dues stand at Rs 1.09 trn, inching closer to the record highs of last year

Discoms' outstanding dues to gencos rise in Oct to Rs 93,609 cr

The overdue amount is the outstanding that has not been paid even after the expiry of 45 days grace period after bill generation

Discoms' outstanding dues to gencos rise 1.3% to Rs 113,227 cr in December

Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose 1.3% year-on-year to Rs 1,13,227 crore in December.

How power ministry's view on discoms could expose them to insolvency suits

The ministry has said these entities do not fall under the category of govt companies, a view based on the argument that discoms do not perform sovereign functions

One bankrupt industry leaves $80 bln hole in India's climate pledge

Without reforming discoms, India will struggle to meet its bold target of raising non-fossil-fuel generation capacity.

Rs 3-trillion new Discoms Reform Scheme: Why it might work this time?

New Discoms Reform Scheme: Financially and operationally ailing power distribution companies (discoms) in the country have got another chance of revival with the Rs 3-trillion reform scheme

NTPC says Delhi discoms scheduling only 70% of power available with them

On Monday, Chief Minister Arvind Kejriwal had said that the power situation is "very critical" in the entire country.

Top headlines: Govt denies power crisis; Tata sets out to upgrade Air India

Military commanders of India and China started a 13th round of talks on Sunday to resolve the border dispute in Eastern Ladakh. More on that headline in our top stories.

'Switch off': Coal supply crisis has discoms scrambling for solutions

Some plead Centre for more coal, others ask consumers to save electricity

Ample coal stocks for power plants; no blackout risk, says govt

States continue to flock spot market, prices at record high

Discoms' outstanding dues to gencos rise 3.3% to Rs 116,127 cr in October

Total outstanding dues owed by electricity distribution companies to power producers rose 3.3 per cent year-on-year to Rs 116,127 crore in October

Long leaps for discoms before they sign up for new reform scheme

Ghosts of mounting financial losses and worsening technical performance still haunt; discoms would need to walk many extra miles to become eligible for the new package

Govt depts owe Rs 97,000 cr to discoms, Haryana tops with Rs 46,193 cr dues

States need to clear dues, pay subsidy amount to be eligible for new discoms reforms