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.
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.
Rajeev Sharma has been appointed as Chairman and Managing Director (CMD) of Power Finance Corporation (PFC), a Navratna Public Sector Undertaking. Sharma is presently CMD of Rural Electrification Corporation Ltd.
Tantra N. Thakur, former CMD of PTC India Ltd. and PTC India Financial Services Ltd. and David B. Sandalow, the Inaugural Fellow at Columbia University´s Center on Global Energy Policy, joined ReNew Power Board of Directors.
Loans in jeopardy!
As much as Rs 75,000 crore of loans - or nearly 15 per cent of the aggregated debt to power generation companies - are at risk of becoming delinquent in the medium-term.
RE Commitments: Sunny or Windy days ahead?
With a total of 2.70 lakh MW of renewable commitments from public and private developers, 62,100 MW of manufacturing commitment from public and private manufacturers, and 6,000 MW of EPC commitments from players.
POWER TODAY, through this story, tried to highlight the status check of these two reforms and importantly, the issues that the officials of State Electricity Boards (SEBs) and the implementing agencies have shared with us.