Total dues owed by electricity distribution companies to power producers fell 3.4% to Rs 78,379 cr in March 2021 as compared to the year-ago period, showing a reversal of discoms' growing outstandings
The sector needs urgent pricing reforms
This year's draft NEP like its earlier versions underlines importance of coal-based power and why it is still too early to retire it despite growth in renewables
The outstanding overdues of power distribution utilities fell by over Rs 15,118 crore to Rs 74,510 crore in March this year, as compared to the preceding month, according to PFC Consulting Ltd data
Under the scheme, govt-owned lenders PFC and REC extended special one time loan to discoms to clear their due to the power generating companies
Bills worth Rs 12,856 crore were in dispute till January 2020, the amount has risen to Rs 15,098 crore.
Power distribution utilities or discoms in the country have been sanctioned loans of Rs 1.35 lakh crore and disbursed Rs 46,321 crore so far under the liquidity infusion scheme
The problem predominantly pertains to four key states - Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh
The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms
PM Modi said the government is focused on reaching every village and every household as India is now a power surplus country
Prime Minister Narendra Modi on Thursday said the Centre is working to remove problems in the distribution sector and a policy and regulatory framework for Discoms is in the offing
Budget's Rs 3 trillion scheme expects states to submit action plan, get results
Electricity Bill, 2021, will be tabled in the ongoing session
Power engineers and discom employees demanded to scrap the process to privatise discoms in states and Union territories
Fitch said discoms are saddled with huge accumulated losses due to a combination of crippling debt, expensive power, technical and commercial losses, and less-than-commensurate increases in tariffs
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One of the suggestions by the committee was increasing private participation in power distribution by way of content-carriage separation
Adani Electricity Mumbai (AEML), for instance, is upgrading its grid infrastructure with investments in automation and using technology-enabled service delivery, processes and training modules
Power sector engineers would go for token work boycott across the country on February 3 to protest against the move to privatise distribution companies by the central government, the All India Power Engineers' Federation (AIPEF) said on Monday. "Power engineers across the country shall resort to token work boycott and hold protest meetings on 3rd February against privatization policies of the Government of India," AIPEF spokesperson V K Gupta said in a statement. Shailendra Dubey, the Chairman of AIPEF, in a letter to the Prime Minister, stated that power engineers and engineers are grieved over the central government's move towards the power sector privatisation through Electricity (Amendment) Bill, 2020, & Standard Bidding Document for total privatisation of distribution of electricity. Power engineers are opposing conversion of public monopoly to private monopoly, he said, adding that the policy of privatisation was slowly destroying the public sector across the country .