The creation of the fund assumes significance in view of lower power demand during the coronavirus lockdown. Electricity demand has reduced by a third during the lockdown New Delhi: The government is mulling an alternative investment fund to pay off discoms’ dues towards power generation companies, a senior official said. The payment of dues would […]
Sales Of Green certificate up 79% at 8.38 lakh units in March
Renewable Energy Certificates (RECs) are a type of market-based instrument. New Delhi: Sales of renewable energy certificates rose over 79 per cent to 8.38 lakh units in March compared to 4.68 lakh in the same month a year ago owing to good supply, according to official data. Renewable Energy Certificates (RECs) are a type of […]
Azure Power reveals revenue guidance in the wake of coronavirus epidemic
Azure Power Global, a solar power producer in India, announced certain operational and financial updates – in the wake of coronavirus epidemic. Azure Power expects revenues of between INR 12,900 million – 13,000 million which is in line with guidance of INR 12,770 – 13,350 million and 1,808 MWs were operational, which is also in […]
April power bill of domestic customers based on March bill, approves APERC
The department has stopped deploying personnel to take meter readings physically as lockdown has been in place in view of Covid-19 pandemic. VIJAYAWADA: The Andhra Pradesh Electricity Regulatory Commission (APERC) on Friday approved the power distribution companies (discoms) to issue April power bill provisionally as per the March bill for all low tension (LT) consumers. […]
Discom collections to be hit amid Lockdown: Ind-Ra
Ind-Ra expects payments to gencos remain uneven even after June 2020, based on the collection ability of the discoms. The overall situation could result in leverage increasing across the sector because of an increase in working capital borrowings Amid lockdown to contain coronavirus infection, bill collections of discoms would have a significant impact and their […]
Thermal power PLF could fall below 55 pc level in FY21
The rating agency estimates the pandemic could lead to the thermal plant load factor (PLF) falling below 55 per cent for 2020-21, closer to the technical minimum standards, on account of a gradual ramp-up in industrial load and the muted electricity demand New Delhi: Thermal power plant load factor or capacity utilisation could fall below […]
Discoms obligated to pay for electricity within 45 days: Power ministry
In the letter on Monday, the ministry said late payment surcharge is applicable in case of nonpayment of dues within the stipulated period. This surcharge in most cases goes up to 18 per cent per year NEW DELHI: With its relief being construed as a moratorium on payments, the Union power ministry has clarified that […]
Corona (COVID-19) Prevention Guidelines for Discoms
Corona (COVID-19) Prevention Guidelines for Discoms For more information please see below link:
Renewable energy: SECI says UP discoms’ force majeure claim not valid
Uttar Pradesh Power Corporation (UPPCL), in a letter to the SECI on March 27, had claimed that discoms are facing a “drastic reduction in collections due to three-week lockdown”. Adding to the existing uncertainties over irregular payments to renewable energy-based power producers, state-run Solar Energy Corporation of India (SECI) has refuted the claim of Uttar […]
Virus lockdown to dent electricity demand by around 25 pc, say analysts
The entire country was put under a three-week lockdown starting March 25 to arrest the spread of the coronavirus pandemic. A few states like Maharashtra had already been under a lockdown or preparing for one starting March 15 Mumbai: The ongoing lockdown is set to dent electricity demand by a fourth as economic activity sputters […]