New Delhi: A Parliamentary panel on Friday asked the power ministry to expedite a policy paper to provide a remedy for the issue of falling renewable energy tariffs which have prompted reluctance among discoms to enter into long term power purchase agreements (PPAs) with project developers, saying it “has become a conundrum”. The Parliamentary Standing […]
Adani Green raises $1.35 billion debt from 12 banks
Adani Green Energy Ltd (AGEL) on Thursday said it has raised USD 1.35 billion debt for its under-construction renewable energy projects via definitive agreements signed with a group of 12 international lenders. The revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be set up […]
REC letter to DISCOMS regarding reduction of performance security in DDUGJY
REC letter to DISCOMS regarding reduction of performance security in DDUGJY , Saubhagya and Addl. Infra projects For more information please see below link:
Payment risk from discoms resurfaces for wind projects in four states: CRISIL
Added that sustained delays could put Rs 30,000 crore of debt in stress New Delhi: Payment risk from discoms has resurfaced for wind power projects, with Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh toting up dues of Rs 5,450 crore to 156 renewable projects as of January 2021, according to CRISIL. It added that this […]
Telangana discoms default on payment to solar developers
Telangana discoms default on payment to solar developers New Delhi: Telangana state electricity distribution companies (discoms) have not paid outstanding dues of around ₹3,200 crore to solar power developers, two people in the know said, requesting anonymity. The last payment made by state discoms was for electricity supplied till March 2020. The development may dent […]
Doldrums to continue for power distribution sector: Ind-Ra
New Delhi: Ratings agency India Ratings and Research has maintained a negative outlook on the power sector for FY22, on account of a further weakening in the financial position of distribution companies due to Covid-19 led business disruptions. According to the ratings agency, the discoms relief package of Rs 1.25 trillion was expected to reduce […]
SOLAR ROOFTOP: PERSPECTIVE OF DISCOMS
SOLAR ROOFTOP: PERSPECTIVE OF DISCOMS For more information please see below link:
Performance based Incentive Scheme for DISCOMs for expeditious development of Grid Connected Rooftop Solar Power Plants
Performance based Incentive Scheme for DISCOMs for expeditious development of Grid Connected Rooftop Solar Power Plants For more information please see below link:
Policy and regulatory framework for DISCOMs in the offing: PM Modi
Consumers should be able to choose their supplier according to performance like any other retail commodity, he said. New Delhi: Asserting that reforms in the regulatory and process framework have significantly “improved” the outlook towards the power sector, Prime Minister Narendra Modi on Thursday said the Centre is working to remove problems in the distribution […]
Rs 1.25 lakh cr loans sanctioned under power discoms liquidity package
Finance Minister Nirmala Sitharaman had announced Rs 90,000 crore liquidity infusion into cash-strapped discoms facing demand slump due to the COVID-19 crisis. New Delhi : Loans worth nearly Rs 1.25 lakh crore have been sanctioned so far by state-owned non-banking finance firms Power Finance Corporation and REC Ltd under the liquidity package for stressed power […]