Solar has many unique attributes which make it a preferred source of power, particularly in India, a densely populated country with a high energy deficit - where it can be rapidly deployed across most parts of the country, due to its modular nature and by virtue of it being environment friendly.
Clarity on longevity of RECs must to promote RPO mechanism
Success of the RPO policy primarily depends on ensuring that obligated entities comply with this mechanism. This can be enforced through stricter compliance regulations and penalties for non-obligating entities. Possibly, if non-compliant entities can be mandated to purchase REC´s corresponding to their obligation for a calculated period of around 6 months - 1 year in the past, this may support clearing out of the current pending REC´s that are lying unredeemed.
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.
India Progressing Towards Optimum Energy Mix
The summer of 2017 promises to be a watershed year for India. While the government burns the midnight oil to introduce GST by start of the upcoming financial year, Piyush Goyal, Minister of State (I/C) Power, Coal, New and Renewable Energy and Mines, is confident that all villages will be connected to the grid by May 2017.
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
Powering through the Debt Quagmire
In principle, borrowing money to run and grow one´s business, makes sound business sense. Both banks and borrowers are happy in this age-old arrangement, well, most of the times. There are the odd occasions when Murphy´s Law comes into force, and whatever could go wrong, goes wrong.
Power tariff likely to go up in Andhra
The Andhra Pradesh state government is set to raise the cost of power in the state, with the utilities finalising revisions to the existing power tariff, upwards by at least 10 per cent. As per sources in the know, discoms will be presenting their revenue requirements for the next financial year (2017-18) and earnings statement to chief minister Chandrababu Naidu by the end of November.
AP to issue securities worth Rs.8,256 crore under UDAY
The Andhra Pradesh government has proposed issuance of special securities worth Rs.8,256.01 crore under the UDAY scheme. The securities will have a face value of Rs.100 issued in equal strips with a maturity at the end of 10th, 11th, 12th, 13th, 14th and 15th year, the RBI said in a statement.