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.
Enabling Tariffs & Policies Called for
Renewable energy contributes over 22 per cent to India's installed power generation capacity. Although conventional fuels still dominate this segment, the share of renewable energy sources has been steadily increasing from about 8 per cent in 2009.
Racing Ahead of Demand
The power sector, over a period of six months, has witnessed large scale investments in the power generation segment leading to an increase in the installed capacity to 329 GW as on September 30, 2017 from 132 GW as on March 31, 2007.
Meeting AT&C loss target a challenge for UP & Rajasthan
Under UDAY, progress in participation in terms of signing of MoUs and implementation of the scheme with respect to debt take-over/ refinancing has been satisfactory so far. Nonetheless, ability to reduce aggregate technical & commercial (AT&C) loss in line with targets as well as adequate tariff hike by SERCs will be critical for distribution utilities which have weak financial position, going forward so as to ensure sustained financial turnaround.
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.
Biomass energy is generated through organic matter and can be utilised for various applications, to produce heat and electricity, or used in combined heat and power (CHP) plants; in combination with fossil fuels (co-firing) to improve efficiency and reduce the build up of combustion residues; to replace petroleum as a source for transportation fuels.
IPPAI encourages excellence in the Indian Power Sector
The Indian power sector has an investment potential of Rs.15 trillion ($237 billion) in the next four-five years, thereby providing immense opportunities in power generation, distribution, transmission, and equipment, according to the Power Minister Piyush Goyal.
Power of Quality
A lot of initiatives are being taken in the power sector for improving generation, transmission and distribution segments. In the generation segment, the focus is being shifted to renewable energy sources, with particular spotlight on solar, besides nuclear.