Loss-making discoms to be denied loans
We have already liberalised the Electricity Act and it provides for franchisees. However, the charging station is not selling electricity, but giving you a service. It is actually buying the electricity from a discom.
Power Finance Corporation reaches out to NCLT
Power Finance Corp (PFC) has approached the National Company Law Tribunal (NCLT) to start insolvency proceedings against promoters of stressed power projects, officials said.
Waning hope for UDAY!
Although state discoms have managed to leverage UDAY by paring financial losses from Rs.51,589.51 crore in FY16 to Rs.34,826.87 in FY17, a marginal decrease in AT&C losses seems to be the bone of contention, as what has been envisaged has not been achieved yet, barring bailing-out non-performers.
Tamil Nadu's 40,000 crore plan to replace thermal units
Tangedco is set to replace all old thermal units in the state with new super critical units at an estimated 40,000 crore. The new thermal units, which will have a combined capacity of 5,700MW, will come up in the next five years. Several state-owned thermal units are working beyond their prescribed life of 25 years.
FM issues guidelines to retrofit energy efficient appliances
Considering the fact that majority of the government buildings are old constructions and, therefore, consume large amount of energy, the Ministry of Finance has issued guidelines for mandatory installation of energy efficient appliances in all Central Government buildings across India.
JSW Energy posts Rs 2,232 cr total income for Q1
JSW Energy Limited reported total Income from operations was up to Rs 2,232 crore in the first quarter, this was largely due to lower generation from the coal fired plants and subdued merchant realisations.