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.
Elecrama 2018 was not merely an exhibition. It reflected the industry sentiment. Looking at the numbers- Rs 65 billion of business queries generated, footfall of around 298,000 and 1,200 exhibitors-it seems all is well with the power sector.
Digital substations will reduce AT&C losses
India for us is a very important market because of being the fastest growing globally. In our global automation portfolio, we have one of our factories in Goa where we not only design and develop products for India, but also for the global market.
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.
Institutionalise generation-based incentives
In an exclusive interview to POWER TODAY, Sanjeev Aggarwal, Managing Director & CEO, Amplus Energy Solutions emphasises that generation-based incentive needs to be institutionalised to boost the solar rooftop segment. Amplus is also proposing a model to discover the value of rooftop solar power.
Banks reluctant to fund renew projects
Artha Energy Resources is a four-year old data first company, a part of the Artha Group of companies. Artha is a part of Damani group with interests across venture capital, power, hospitality, stock markets, and real estate.
AT&C losses have shown only marginal improvement
The key objective of UDAY was financial turnaround of power distribution companies (discoms), which would have led to purchase of more electricity, reduced load-shedding and improved hours of supply.
Calling for sops
Electricity forms an integral part of the utilities which currently contribute nearly 2.02 per cent to Asia's third largest economy. The nation's power sector has long been grappling with grim infrastructure and ageing transmission - woes that have debilitated the nation's economic health.