Rebate to Distribution Companies (DISCOMS) by Central Generating and Transmission Companies of Ministry of Power for the Lock down period on account of Covid-19 pandemic For more information please see below link:
REC Policy for Special Long-Term Transition Loan to DISCOMs for COVID 19
REC Policy for Special Long-Term Transition Loan to DISCOMs for COVID 19 For more information please see below link:
PFC-REC loans can be recalled if discoms don’t shape up: Power Minister RK Singh
Non-compliant state-run electricity distribution companies (discoms) run the risk of losing their share of the Rs 90,000 crore loan that the government announced on Wednesday to inject liquidity into the segment. If discoms do not take appropriate steps to reduce their losses, they would be denied the facility, Union power minister RK Singh said […]
Discoms to get loans at cheaper rate to pay dues to Gencos: Minister
“PFC and REC provide loan to distribution and generation sector with a spread of 2.5 to 3 per cent. Under the present scheme, they have agreed to take lower 1.5 per cent spread that will lower the interest rate,” he said New Delhi: Financially stressed discoms will be offered loans at cheaper rates of 8.5 […]
Govt finalising Rs 3.5 lakh cr discoms package on the lines of UDAY: R K Singh
The scheme will come with a gross budgetary support of Rs 1.2 lakh crore over five years will be result-oriented where the distribution companies will invest first and get money later. New Delhi: The government is close to finalising a Rs 3.5 lakh crore financial assistance package that would mandate state power distribution companies with […]
NTPC shares down 5 per cent post waiver announcement of fixed charges
In a bid to provide further relief to the discoms, the government has decided to waive fixed charges and inter-state transmission charges (by PowerGrid) against power not drawn from various public sector units during the lockdown, from March 24 to May 17 Mumbai: Shares of NTPC Ltd fell by around 5 per cent on Thursday, […]
Energy sector players cheer stimulus, says steps towards self-reliance
Welcoming the announcement, Vikram Solar CEO Saibaba Vutukuri said the “path-breaking initiative” aims to make India self-reliant and reduce import dependency on imports for solar modules and its components New Delhi: Energy sector players on Wednesday hailed the government’s move to infuse Rs 90,000 crore liquidity into power distribution companies (discoms), saying the stimulus will […]
Uttar Pradesh’s outstanding dues to gencos hit Rs 32,000 crore
As on April 2020, the state discoms have accumulated pending bills to the tune of Rs 32,000 crore to gencos, as against a total of Rs 17,500 crore owed by them in March 2019, reflecting a severe stress in the sector. Even as the Centre has announced a fresh Rs 90,000-crore package by PFC-REC to […]
Sumant Sinha – CMD ReNew Power, Quote on Financial Relief for Power sector announced on May 13,2020
“The 90,000 cr liquidity infusion into discoms will breathe fresh life into the power sector and protect distribution companies from going bankrupt. This money will help the discoms to repay most of the Rs 92,000 crore outstanding payments that they owe to power generators, restarting the virtuous cycle of liquidity, higher investments and rapid […]
Power Package: ₹45,000 cr liquidity for NBFCs; ₹90,000 cr for discoms
FM Sitharaman announced ₹30,000 cr liquidity facility for NBFCs, housing finance companies and MFIs Among other big bang announements, Finance Minister Nirmala Sitharaman on Wednesday announced collateral free automatic loans for businesses, including MSMEs, up to ₹3 lakh crore. She also said ₹45,000 crore liquidity will be infused into NBFCs through partial credit guarantee […]