Telangana and Assam join UDAY program
Telangana and Assam became the 19th and 20th signatory states of the Ujwal Discom Assurance Yojana (UDAY) program. Telangana is estimated to achieve a net benefit of ~Rs 61.16 billion and Assam a net benefit of ~Rs 16.63 billion.
Delhi Govt. yet to pay Rs 50 crore to discoms
While Delhi government’s Power Amnesty Scheme has resolved problems of overcharging or non-payment of bills, state discoms claim they have not yet received the promised payments. Government data revealed that the scheme which was open for nine months offered waivers in power bills of consumers worth a whopping Rs 128 crore.
Green shoots in RECs
Renewable energy certificate (REC) mechanism, a market-based instrument introduced in 2010 to promote renewable energy and facilitate compliance of renewable purchase obligations (RPOs), has not received an enthusiastic response from the obligatory entities till recently.
The ´IT´ Factor
Digitalisation is just beginning to make real headway in India, what with the Centre´s ongoing focus on ´Digital India´. This coupled with the much propagated ´Make in India´ and ´Smart Cities´ initiatives are all set to pave the way for a smarter, advanced, Information Technology (IT) enabled country.
Leaps and Bounds
Transmission and distribution (T&D) losses, Aggregate Transmission and Commercial losses (AT&C), quality of power and fluctuation in power supply are some of the major challenges faced by Indian power utilities. This is despite not overlooking the fact that in the last decade, the country witnessed sizeable improvement in quality of power, especially in urban and semi-urban areas.
Bonds create cash reserves and have stable interest rates
If you look at CLP’s Jhajjar thermal power plant, we started with raising debt in Rupee and subsequently raised foreign currency borrowing. As the operational performance of Jhajjar improved over a period of time, we looked at the debt capital markets.
Transforming Rajasthan´s Discoms
IT has brought about tectonic shifts in the power sector and transformed distribution companies in the country. The benefits that IT brings are all pervasive change - improved operational efficiency, sustained cost reductions, enhanced consumer experience and so on.
Keep off vote bank interests from discoms | IPPAI
Improving the financial state and efficiency of distribution companies´ (Discoms) operations, allowing for renegotiation of Power Purchase Agreements (PPAs), delinking of coal from PPAs, and reducing risk for banks and ensuring implementation of open access, formed part of the top five broad suggestions made by Independent Power Producers Association of India (IPPAI) in its pre-Union Budget 20017-18 memorandum submitted to the Finance Ministry.
Light at the end of tunnel
The Power Sector has the lion´s share of 20 per cent in the industrial debt of Rs.26 trillion (lakh crore) in the country as of August 2016, followed by metals and metal products (16 per cent), roads (7 per cent) and textiles (7 per cent), and these four sectors account for about 50 per cent of the gross credit deployed in industries