Page 3 - Power Distribution

EU chief proposes revenue cap on electricity distributors in Ukraine

A top European Union official unveiled on Wednesday a plan to cap the revenues of electricity producing companies that are making extraordinary profits due to the war in Ukraine and climate change, saying the proposal could raise USD 140 billion to help people hit by spiralling energy prices. These companies are making revenues they never accounted for, they never even dreamt of, European Commission President Ursula von der Leyen told EU lawmakers in Strasbourg, France. In our social market economy, profits are OK, they are good. But in these times it is wrong to receive extraordinary record revenues and profits benefitting from war and on the back of consumers. In these times, profits must be shared and channeled to those who need it the most, she said. Our proposal will raise more than 140 billion euros (USD 140 billion) for member states to cushion the blow directly, von der Leyen said in a State of the European Union address to the EU assembly. With winter approaching, the 27 E

Adani Transmission integrates arm for power transmission, distribution biz

Adani Transmission Ltd on Tuesday said it has incorporated a wholly-owned subsidiary, Adani Electricity Jewar Ltd, to carry on business of transmission, distribution and supply of power and other related infrastructure services. "Company has incorporated its WOS (wholly owned subsidiary) in the name of Adani Electricity Jewar Ltd (AEJL) on 12th September, 2022 with an initial authorised and paid up capital of Rs 1,00,000 each to, inter alia, carry on the business of transmission, distribution and supply of power and other infrastructure services relating thereto," a BSE filing said. AEJL will commence its business operations in due course, it stated. * * * * * Axio annualised disbursals at Rs 5,000 cr * Digital finance company axio on Tuesday said it has reached annualised disburals of Rs 5000 crore, up from Rs 1700 crore in 2021. axio (formerly Capital Float) said it has doubled its customer base in the last twelve months to nearly 5.5 million credit customers. The company is a

Reliance Infra had filed arbitration claim of Rs 500 crore: Adani

Reacts to RInfra statement of last week, which said it has filed a claim of Rs 13,400 crore; Adani says it has filed counterclaims

What is Electricity (Amendment) Bill 2022?

The govt wants to usher in 'much-needed reforms' in the power distribution sector with the Electricity (Amendment) Bill 2022. But the Bill met with stiff resistance. Here's both sides of the debate

Financial deficit of power distribution sector at highest ever: PFC

Annual rating reveals absolute cash-adjusted losses increased by 10% in the sector between FY19 and FY21

Govt planning contentious laws to cut power utility debt worth Rs 6 trn

Key proposals include allowing more utilities to operate within the same circles, mandating regulators to set tariffs based on market costs, and defining payment procedures and deadlines

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)

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

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

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

Red marks in green power plans amid lack of reform in electricity pricing

The lack of market reform in electricity pricing has limited states' ability to expand capital expenditure on the critical transition to clean energy

PowerMin announces second special scheme in two years to clear discom dues

Total amouny owed to gencos at record Rs 1 trillion; scheme enables discoms to pay up in 48 instalments, freezes amount outstanding as on notification date

Discoms' dues to gencos touch Rs 1.19 trillion amidst coal-power crisis

The Union Ministry of Power recently asked six states to clear their dues to power generating stations and national miner Coal India (CIL).

J&K power employees call off strike as govt commits to some demands

The employees had called a strike to oppose the move by J&K Power Development Department to privatise the power distribution in the Union Territory and also merge the transmission arm JKPTCL with PGCI

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

RattanIndia Power loss widens to Rs 464 crore in September quarter

The company on Wednesday reported widening of consolidated net loss

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

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

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

Enel interested in India's power distribution market, says CEO

"We are interested because finally this big country is making it possible for private ownership of power distribution assets," CEO Francesco Starace said