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India is working towards its target of installing 500 gigawatts of clean energy capacity by 2030, nearly triple its current capacity
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Sales of renewable energy certificates (RECs) jumped about 245 percent to 15.68 lakh this January, from 4.54 lakh in December last year.
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Two power distribution companies in Andhra Pradesh will sign a tripartite agreement with the state government and the Union Power Ministry for implementing the Ujjwal Discom Assurance Yojana (UDAY) on June 24
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Power Transmission Corporation of Andhra Pradesh (AP Transco) on June 14 said it will invest Rs 13,170 crore over the next five years to strengthen its Extra High Voltage Transmission Network and increase power availability in the state
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Dena Bank's exposure to discoms stands at around Rs 7000 crore of which Rs 3300 crore of debt has been restructured, says chairman and managing director Ashwani Kumar.
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In a stern message to states, Finance Minister Arun Jaitley today said states cannot expect public sector banks to fund the deficits faced by power distribution companies due to levy of inadequate tariffs.
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The names of the qualified bidders on the basis of technical bids will be announced tomorrow, two hours before the auction begins at 11.00 am
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Diwakar Gupta, retired MD and CFO of State Bank Of India, says: "If you are able to arrest the absolute number, percentages would fall. I don‘t think we have the luxury of that this time around."
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In the 23-page document AAP uploaded months ago, the party made several allegations of wrongdoing against Delhi's power distribution companies. We summarise Arvind Kejriwal's case against the discoms.
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The projected Rs 60,000 crore subsidy comes even after the implementation of the restructuring package and anticipated improvement in overall cash flow/liquidity profile of utilities over the next 2-3 years
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Chairman of the Prime Minister's Economic Advisory Council (PMEAC) C Rangarajan told CNBC-TV18 that their priority was to enhance domestic coal production. He also expressed his concern over declining coal output.
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An inter-ministerial panel will meet on Friday to mull extending the deadline for the government's ambitious debt recast scheme to June 30 for the beleaguered power distribution companies.
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The Reserve Bank of India (RBI) on Thursday confirmed that they have asked banks to have a relook into the loans that they had restructured after negotiating with various power distribution companies (discoms).
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The government will kick start its financial restructuring plan for the power distribution companies from January, next year.
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The government bail out package for cash-strapped state power distribution companies (Discoms) is unlikely to have any immediate impact on banks, which had loaned them. However, lenders are expected to get long term benefits provided the scheme is implemented right in time, analysts tracking banks said.
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Anil Razdan, Former Power Secretary said structural reforms within the state discoms can improve the plight of these companies. He clarified that a strong message must be sent out to the discoms stating that they would be bailed out only when they mean business.
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The Indian government's recent proposal to restructure debt of state-owned power distribution companies will provide them only a temporary reprieve from weakening finances, says global rating agency Standard & Poor's.
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India is expected see renewable energy capacity addition of 30,000 MW, with significant contribution from wind power, over the next five years.
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The ailing power distribution companies (discoms) have been offered monetary incentives as part of bailout package by the Centre, reports CNBC-TV18 quoting government sources.
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CMD of the Oriental Bank of Commerce SL Bansal tells CNBC-TV18 that the debt restructuring of DISCOMs will ensure that they become profitable in three years.
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State-run NHPC is yet to receive dues of over Rs 1,000 crore from various power distribution companies, forcing the power producer to regulate supply at a time when the country is facing acute electricity shortage.
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CNBC-TV18‘s economic policy editor Siddharth Zarabi has learnt that the governemnt may be mulling a comprehensive bailout package for power distribution companies (discoms).
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Against the backdrop of poor health of power distribution companies, electricity tariffs need to be revised annually apart from passing on the increase in fuel costs to consumers, says a report.
