Page 18 - Electricity Sector

Andhra Pradesh government says it doesn't owe any money to power gencos

The Andhra Pradesh government on Friday maintained that it owed no money to the power generators for electricity purchased through the power exchanges. Power System Operation Corporation Ltd (POSOCO), a Government of India enterprise, has asked three power exchanges -- IEX, PXIL and HPX -- to restrict electricity trading by 27 discoms in 13 states having outstanding dues towards gencos. AP was listed as one of the states that had outstanding amount to the gencos. AP Special Chief Secretary (Energy) K Vijayanand clarified here on Friday that the state power distribution companies did not owe any money to the gencos. "We have cleared all the Rs 350 crore due. It was only due to a communication gap that AP was probably showing as having an overdue," Vijayanand said. Over the past few months, the state has been purchasing about 40 million units of electricity per day through the power exchanges for meeting its needs, AP Transco sources said. The overall electricity demand in the stat

Torrent Power and Sembcorp Industries in race to buy Vector Green Energy

The transaction is expected to have an equity value of 30 billion rupees ($377 million) and an enterprise value of 50 billion rupees

Best of BS Opinion: Powering reforms, tapping GST growth opportunity & more

Here is the best of Business Standard's opinion pieces for Wednesday

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

Open access II: India's attempt to expand scope of green energy initiatives

The new guidelines expanding consumer choices to green energy will remain subject to the uncertainties and quirks of state policy

India's power shortage at 1% in April-June this fiscal: R K Singh

"Further, during 2022-23 (April-June), against the requirement of 404.76 Billion Units, the energy supplied was 400.65 BU. There was a shortage of 1% of energy requirement," Union Power Minister said

World's electricity demand growth slowing sharply as prices soar: IEA

The world's electricity demand growth is slowing sharply from its strong recovery the previous year as economic growth weakens and energy prices soar following Russia's invasion of Ukraine

Tamil Nadu govt hikes power tariff, but spares 10 mn consumers

The Tamil Nadu government on Monday announced a hike in the power tariff for TANGEDCO consumers proposing an increase of Rs 27.50 (per month) for those using up to 200 units

Jharkhand govt to provide electricity up to 100 units per month to poor

The Jharkhand cabinet on Friday passed the proposal of giving free electricity to financially weaker consumers up to 100 units per month. The cabinet took the decision on this during a Cabinet meeting

Maharashtra's electricity users to pay more as fuel adjustment charges rise

Nearly all the electricity users across categories in Maharashtra will be paying more for every unit of electricity they consume over the next four months, power utilities said on Friday. The Maharashtra Electricity Regulatory Commission (MERC), the sector regulator, has approved discoms' requests for accumulated fuel adjustment charges (FAC), which will result in higher payouts. The FAC charges are for higher costs borne by discoms in arranging power either by way of paying higher charges for short-term power supply or imported coal, which surged because of geopolitical tensions, experts pointed out. Consumers will have to pay the higher FAC for four months till November 2022 billing cycle, industry sources said, adding that the actual payments will differ from discom to discom, and also as per the category a consumer falls under. An official from the state-owned Maharashtra State Electricity Distribution Company (MSEDCL) said the increase is as per the MERC order. "The FAC duly

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

Power Grid board approves proposals to raise up to Rs 11,000 crore

The board of state-owned Power Grid Corporation of India Ltd (PGCIL) on Wednesday approved two proposals to raise up to Rs 11,000 crore through the issuance of bonds and term loans. The proposals to raise Rs 11,000 crore have been approved in a meeting of the board of directors on Wednesday, July 6, 2022, a BSE filing said. As per the filing, the board approved a proposal to raise funds up to Rs 6,000 crore from the domestic market through the issue of secured/unsecured, non-convertible, non-cumulative/cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during the financial year 2023-24 in up to twenty tranches/offers. The board also approved another proposal for sanction of a rupee term loan of up to Rs 5,000 crore from commercial banks to meet capital expenditure requirements.

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

States add 1.1 million families to un-electrified list, shows data

Under Saubhagya, the Centre provided 60 per cent of the project finance to states for giving connections to rural households, and the rest was borne by states

Recovery tracker: Fewer vehicle registrations, workplace visits dwindle

Electricity generation lower than before as monsoon sets in

Here is how Delhi residents can continue to receive electricity subsidy

The electricity bills from next month will probably have a form with "yes" or "no" option to opt for subsidy

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

SC asks Haryana discom to pay Rs 1,408 cr to Adani Power, clear dues

Adani was entitled to a sum equivalent to 50 per cent of the outstanding it claims, the court said on February 1

Govt may restart NTPC plants on imported gas amid coal shortage: Report

The imported gas-produced electricity could cost Rs 22-23 per unit, pegged at about four-five times current tariffs

India's post-pandemic electricity generation growth outpaced peers

Like India, multiple lower middle income countries face power outages