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SECI deal: DISCOMs expecting 1k MW in Jan – EQ

In Short : The Solar Energy Corporation of India (SECI) expects distribution companies (DISCOMs) to procure approximately 1,000 MW of renewable energy in January 2024 from ongoing auctions. This procurement follows SECI’s efforts to address the energy demand, though challenges remain with the unsold capacity from previous auctions. DISCOMs are encouraged to finalize agreements for […]

Uttar Pradesh Greenlights ₹10,000 Crore Solar Projects to Boost Renewable Energy and Economic Growth – EQ

At least 85% of power from VGF-funded Battery Energy Storage Systems projects to be first offered to Discoms before making it available for others: Union Power and New & Renewable Energy Minister – EQ

In Short : The Union Power and New & Renewable Energy Minister has outlined a policy where a minimum of 85% of power generated from Battery Energy Storage Systems projects funded through Viability Gap Funding (VGF) will be initially provided to Discoms (Distribution Companies) before making it accessible to other entities. This approach prioritizes support […]

NITI Aayog Organizes Workshop on Carbon Capture, Utilization, and Storage (CCUS) in the Indian Cement Sector – EQ

Government puts in place additional measures to improve financial health of Discoms with streamlining the process of accounting, reporting, billing and payment of subsidy by States to the Distribution Companies – EQ Mag

Actions to be taken by State Commissions to ensure subsidy accounting and payment as per actual energy consumed Broad Framework for financial sustainability of the power sector has been prescribed Central Government prescribes Rules for AT&C loss trajectory, sharing of losses and gains for deviation from such trajectory, Pass through of power procurement and development […]

NITI Aayog Organizes Workshop on Carbon Capture, Utilization, and Storage (CCUS) in the Indian Cement Sector – EQ

Discoms’ dues down by a third to Rs 93,000 crore in less than a year of enforcing Late Payment Surcharge Rule – EQ Mag

Experts believe the strict implementation of the Late Payment Surcharge (LPS) Rules can make the power sector more viable. The total outstanding dues of electricity distribution utilities (discoms) has reduced by a third to around Rs 93,000 crore in May, less than a year after implementing the Late Payment Surcharge (LPS) Rules in June 2022. […]

Vikram Solar wins 1GW module order – EQ

Hon’ble KERC rejected deterring demands of DISCOMs for Renewable Base Open Access in Karnataka – EQ Mag

In a battle to gain monopoly in Power Supply Market in the C&I segment the DiSCOMs have been demanding for various regulatory amendments like Steep Rise in the Fixed Charges and reduction in variable Tariffs, Change in the TOD slots and making generating hours of renewables as off peak in place of presently Normal Hours […]

NITI Aayog Organizes Workshop on Carbon Capture, Utilization, and Storage (CCUS) in the Indian Cement Sector – EQ

Discoms have not adhered to MPERC orders on power tariff hike – EQ Mag

Bhopal: Discoms have not adhered to instructions issued by MPERC while notifying new amendments, while increasing power tariff by 5% from April 24. Discoms are proposing fuel cost adjustments on monthly basis now. The move to increase power tariff from April 24, which will…Read More… Source: PTI

Uttar Pradesh Greenlights ₹10,000 Crore Solar Projects to Boost Renewable Energy and Economic Growth – EQ

Delhi Electricity Regulatory Commission to seek ‘clarity’ on discoms’ audit – EQ Mag

The DERC, which has been directed to conduct a special audit of power subsidy provided between 2016 and 2022, will ask the government for terms of reference and the legal position of the exercise New Delhi : The Delhi Electricity Regulatory Commission (DERC), which has been directed to conduct a special audit of power subsidy […]

Uttar Pradesh Greenlights ₹10,000 Crore Solar Projects to Boost Renewable Energy and Economic Growth – EQ

Discoms to submit report on electricity subsidy to Centre every quarter – EQ Mag

The draft rules suggest penalties to be levied on discoms for faulty subsidy accounting, raising erroneous subsidy bills The Union Ministry of Power has proposed to streamline electricity subsidy and its accounting, and would direct power distribution companies (discoms) to report details of electricity subsidy disbursal and its monitoring. Through an amendment to the Draft […]

IREDA Q3 Results: Net profit zooms 67% to Rs 335 crore – EQ