Ashok Khurana, Director-General, Association of Power Producers says the power sector needs an immediate solution amidst the collapsing demand since past three years.
Bank of India has 1 percent exposure to state electricity boards (SEBs) and all of them are standard assets
Adani had sought to raise arguments of "force majeure" and "change in law" with respect to change in Indonesian coal laws, saying it had affected its cost of coal
Pramod Deo, Former Chairperson of CERC says these allegations basically mean that there is lack of faith in electricity act and the regulator. He however makes it clear that in no way is he defending the regulators and saying that they are doing their jobs well. "There is always scope for improvement," he adds.
DERC has directed BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd to present their case before it at a special hearing scheduled today.
The Arvind Kejriwal government has appointed additional power secretary Ankur Garg as a nodal officer to coordinate with the Comptroller and Auditor-General (CAG) as the latter prepares to audit Delhi‘s private power distribution companies, sources have told CNBC-TV18.
In an interview to CNBC-TV18, Pramod Deo, former chairperson, CERC, discussed the Delhi government‘s accusations against power companies and whether its subsidies could adversely impact the health of the discoms.
The Deepak Parekh panel has already recommended a compensatory tariff of 45-55 paise for Tata Power's 4,000 MW Mundra plant and a tariff increase to the tune of 60 paise for Adani Power's 4,620 MW Mundra plant.
Power sector regulator CERC is expected to shortly finalise the orders on petitions moved by Tatas and Adanis seeking higher tariff for electricity generated from their imported coal-fired projects in Gujarat.
Power sector regulator Central Electricity Regulatory Commission (CERC) will continue hearings next week on the plea by Tata Power for revision of tariff for electricity generated from its ultra mega power project in Gujarat.