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UDAY will take 4-5 years to turnaround power discoms
The growth in power demand accelerated significantly in the current financial year. UDAY is certainly a key contributor to this because the immediate savings in cost (the restructuring plan, on an estimated basis, reduced interest costs by as much as 47 paise per kWh), allowed utilities to maintain tariffs at lower levels, thus attracting more marginal consumers.
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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.
Renewable Energy, RPO, Instrument, RPO, SERC, RES, Supreme Court, RE Power, NAPCC, IEX, Amit Kumar, Pricewaterhousecoopers, NTP, MNRE, UERC
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Target of 1.5 BT coal requires Rs.10 lakh cr investment
India will need huge investments adding up to over Rs.10 lakh crore in coal mining and its allied sectors to achieve the government´s target of 1.5 billion tonne (BT) target of coal production by 2020, according to a PwC study.
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Hydropower | Too slow to be steady
Recent times have seen a welcome focus on harnessing renewable energy sources for power generation, worldwide. India too, has taken the challenge of curbing its carbon emissions head on, setting a humongous target of generating 175 GW through renewable sources by 2022.
Harnessing Clean Energy, Hydropower, Ironically, Hydroelectric, SHP, Kenji Urai, Toshiba India Pvt Ltd, Dr RP Saini, Alternate Hydro Energy Centre, Solar, Wind Energy, FDI, Generation, Transmission, Distribution
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MP achieves 24-hour power supply
Within three years, Madhya Pradesh has wiped out huge electricity shortages and losses in a rare success story in the distribution sector. This was possible with 5,000 young professionals, guidance from PricewaterhouseCoopers and dogged determination from officials to inject a performance-driven culture. After a series of reforms, tariff hikes, involvement of private firms in supplying electricity to some cities and customer-friendly initiatives, Madhya Pradesh now enjoys 24-hour power supply.
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MP achieves 24-hour power supply
Within three years, Madhya Pradesh has wiped out huge electricity shortages and losses in a rare success story in the distribution sector. This was possible with 5,000 young professionals, guidance from PricewaterhouseCoopers and dogged determination from officials to inject a performance-driven culture. After a series of reforms, tariff hikes, involvement of private firms in supplying electricity to some cities and customer-friendly initiatives, Madhya Pradesh now enjoys 24-hour power supply.
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