Page 7 - Discoms

All states come on board for Rs 3 trillion discoms reforms scheme

States have been given till December to submit loss reduction plan; many of them will do so by October, says power minister

Centre invokes TPAs as gencos eye Rs 96.8K-cr from defaulting states

The power ministry recovered Rs 714 crore from Jharkhand last month

Hidden costs of renewable power in compulsory purchases of RE for discoms

The challenge at this stage of renewable power induction is to see whether the low tariffs are truly reflective of the cost that state discoms additionally pay for thermal power they are not using

Gencos to be allowed to sell power in open market if not paid by discoms

Power ministry has made the suggestion in order to reduce the retail tariff for consumers and reduce burden of regular payment on the discoms

Top headlines: LPG price hiked; govt clarifies on discom loss levels

Business Standard brings you the top headlines this evening

Speculations of discom loss levels at Rs 90,000 cr grossly inflated: Govt

PAT figure for FY20 almost half of the negative Rs 60,000 crore projected by ICRA for FY20, says Ministry of Power

Despite regulatory, discom challenges, Sterlite Power bets on demand growth

IPO-bound Sterlite looks at growth in power transmission infra and power equipment industry

Centre's power reforms tied in knots amid protests by Opposition states

The irony is the states opposing the amendments on the ground of threat of privatisation already have private partnerships in power supply

Discom losses to be 40% above pre-pandemic levels: Crisil

Cash losses of power distribution companies (discoms) will remain elevated at around Rs 46,000 crore this fiscal or 40 per cent higher than the Rs 33,000 crore seen in the pre-pandemic levels of fiscal 2020, Crisil Ratings has said.This is because revenues will remain constrained as demand from high-paying, commercial and industrial (C & I) consumers have been lower than seen during pre-pandemic period, while tariff hikes have been inadequate.Costs are also likely to surge primarily because of higher interest burden because of ballooning debt. A study of 34 state discoms (from 15 states) which account for over 80 per cent of India's power demand shows as much.The nationwide lockdowns imposed in the first half of the last fiscal brought C & I activities to a standstill and evaporated an estimated quarter of demand from high-paying C & I consumers for the full fiscal 2021 as compared to fiscal 2020.Ankit Hakhu, Director of Crisil Ratings, said while industrial demand will ...

Niti Aayog pitches for greater financial autonomy for state-owned discoms

In rural areas, private investors might not find it attractive to become licensees, but a franchisee model might be attractive, says the govt think tank

Power hurdles: Consumers need to wait before they can choose supplier

Latest amendments to the Electricity Act might not be enough to remove existing obstacles.

Discoms' outstanding dues to gencos fall 15.25 pc to Rs 82,305 cr in May

Total outstanding dues owed by electricity distribution utilities or discoms to power producers fell 15.25 per cent to Rs 82,305 crore in May 2021 from a year ago. Distribution companies (discoms) owed a total Rs 97,111 crore to power generation firms in May 2020, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). The outstanding dues of discoms towards electricity producers have been increasing year-on-year as well as month-on-month for years showing perennial stress in the power sector till February this year. It has started tapering off from March 2021. Total dues in May increased sequentially compared to Rs 77,203 crore in April this year. The PRAAPTI portal was launched in May 2018 to bring in transparency in power purchase transactions between generators and discoms. In May 2021, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stoo

Gujarat tops discom ranking ninth year in a row, UP and Haryana progress

Loss-making discoms need to take corrective measures to access funds under Central schemes, says power minister R K Singh

CERC allows BSES discoms to exit PPAs with NTPC Dadri power plant

Under the RPO, the discoms are required to purchase a certain proportion of electricity from renewable sources as mandated by the power regulators.

Cabinet okays Rs 3 trn outlay for new power reform scheme for five years

Assistance would be based on discoms meeting pre-qualifying criteria and achieving benchmarks.

Discoms' outstanding dues to gencos fall 11.2% to Rs 81,628 cr in April

Total outstanding dues owed by electricity distribution utilities or discoms to power producers fell 11.2% to Rs 81,628 crore in April 2021 from a year ago

Delhi's peak power demand soars to 6,185 MW, highest so far this summer

Amid sultry weather and easing of the Covid lockdown, Delhi's peak power demand soared to 6,185 MW on Wednesday, the highest so far this summer, discom officials said.

Gujarat discoms sign pacts for 3,979 solar projects with 2,500 MW capacity

State Energy Minister Saurabh Patel said that the development is a major boost towards the state's commitment to promote renewable energy.

Liquidity support helps discoms clear overdues, but they keep mounting

A year after Covid-relief measures kicked in, pending dues to power generation companies have declined, but remain tall, with an upside risk from weakening monthly clearances

Centre and states should share cost of stranded assets: Forum of Regulators

Railway freight, coal pricing should come under independent regulator