Populistic pricing is holding back power sector's recovery
Options with significant potential for creating demand do exist beyond traditional paradigm
Payment delays by power distribution companies (Discoms) is posing a major challenge to the growth of renewable energy sector as it chokes the project liquidity and further financing of the projects. While in some states the delay has been upto four months, the the Maharashtra State Electricity Distribution Company Limited (MSEDCL) was not buying power from wind power generators for the past three years, resulting in heavy losses, said a report.Many developers completely rely on capital market transactions and delay in payment by the discoms put their potential of issuing bonds in jeopardy. If there is any type of default on these capital market instruments or if a security or credit enhancement is invoked it has an adverse impact on the efforts made to deepen the infrastructure bond markets, remarks a developer.According to a report by Mercom Capital Group, the delay in payments continue to pose a challenge for the growing renewable energy sector in the country s it tries to achieve .
Bihar announces steep hike in power rates; UP offers free power
NTPC has given in-principle clearance to replace around 11,000 MW old thermal power plants
Optimising the procurement of power from short-term markets will help India's ailing discoms
Around 40,726 MW of power capacity in India was operating on the captive model
Chinese powers companies have been active in the India power sector space at the EPC level
Renewable & energy efficiency catch investors' fancy but no big ticket investment in 2.5 years
Reduced demand projection is based on the past record of slow industrial growth, say Officials
Government has planned to make the country energy surplus with generating target of 1,178 billion units
City being made model for power reforms; PSUs under Piyush Goyal's ministry use CSR funds for welfare
The country's narrowing power deficit and increased coal production may not be indicators of the end of stress in the industry
The growth of the power sector during the July-September quarter might be muted due to poor demand from distribution companies
Demand for discoms is likely to be pushed back further with Ujwal Discom Assurance Yojana scheme likely facing implementation delays
Provisions for states to sell unused power in spot market
Massive cross-subsidisation charges have forced industrial units to either shut down or move to other states
The federation has demanded in order to provide affordable power to all, the govt must adopt a 'balanced approach'
On paper, only 8,000 villages remain to be electrified in the country, but the situation on the ground shows euphoria over numbers is misplaced
Power sector majors bid for 6,652 MW