Discoms

Meanwhile, Purvanchal has floated fresh tenders after dividing the districts under its jurisdiction into three clusters instead of just one

Increase in cost has pushed states to seek tariff hike in the range of 15-30%

The Digital Infrastructure Providers Association (DIPA) has also flagged only three major states aligning state policies with central right-of-way guidelines

Discoms had posted a deficit of about Rs 16,000 crore in FY21, while the consolidated accumulated losses were to the tune of Rs 70,000 crore

Total outstanding dues owed by electricity distribution companies (discoms) to power producers almost halved to Rs 62,681.68 crore in January, compared to Rs 1,21,030 crore in same month in 2022. Experts said this substantial reduction in the discoms' total outstanding is mainly due to various steps taken by the government, like implementation of late payment surcharge rules and providing facility of equated monthly installments (EMIs) to utilities. According to the portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators), the total outstanding dues of discoms stood at Rs 62,681.68 crore in January, 2023, which included Rs 25,526.42 crore overdue amount, that was not cleared even after 45 days of grace period offered by generators. In January 2022, the total outstanding dues of discoms stood at Rs 1,21,030 crore, which included the total overdue amount of Rs 1,01,357 crore. Power producers give 45 days to discoms t

The LPS Rules regulate access to power in case of non-payment of dues by discoms to gencos

Power distribution utilities or discoms' total outstanding dues reduced by Rs 29,857 crore to Rs 1,08,092 crore, which were Rs 1,37,949 crore on June 3, 2022, Parliament was informed on Tuesday. One of the key indicators of financial distress of discoms is mounting power purchase dues towards the generation companies (gencos). With the implementation of Electricity (LPS and Related Matters) Rules, 2022, a remarkable improvement has been seen in recovery of outstanding dues, power minister R K Singh said in a written reply to Rajya Sabha on Tuesday. The minister informed the House that the total outstanding dues of the states, which were at Rs 1,37,949 crore as on June 3, 2022, have been reduced by Rs 29,857 crore to Rs 1,08,092 crore, with timely payment of just five monthly instalments. Distribution companies are also paying their current dues in time to avoid regulations under the rule and have paid almost Rs 1,68,000 crore of current dues in last five months, he stated. Based o

Discoms not looking at signing agreement for procuring power at such high tariffs, says senior executive of French utility's unit

Aggregate technical and commercial (AT&C) losses of power distribution utilities declined to 17 per cent in 2021-22 from 22 per cent in the previous year. Reduction in AT&C losses improves finances of utilities (discoms), enabling them to better maintain the system and buy power as per requirement and benefit the consumers, a power ministry statement said. The AT&C loss and ACS-ARR (Average Cost of Supply-Average Realizable Revenue) gap are key indicators of discoms' performance. Ministry of Power has taken a number of measures to improve the performance of utilities, the statement said. Preliminary analysis of data for 2021-22 of 56 discoms contributing to more than 96 per cent of input energy, indicates that AT&C losses have declined significantly to 17 per cent in FY2022 from 22 per cent in FY2021, it stated. The reduction in AT&C losses has resulted in narrowing the gap between Average Cost of Supply (ACS) and Average Realizable Revenue (ARR). The ACS-ARR Gap ..

State-owned SJVN Ltd on Saturday said that its arm SJVN Green Energy has bagged a 200 MW solar project worth Rs 1,200 crore from Maharashtra State Electricity Distribution Company Ltd. "Company through its wholly-owned subsidiary SJVN Green Energy Limited has bagged 200 MW solar power project on Build Own and Operate (BOO) basis from Maharashtra State Electricity Distribution Company Limited (MSEDCL) through e-RA (Reverse Auction) conducted on December 2, 2022," a BSE filing said. The tentative cost of this project is around Rs 1,200 crore and the project is expected to generate 455.52 Million Units (MUs) in the 1st Year and the cumulative energy generation over a period of 25 years would be about 10,480.82 MUs, it said. The commissioning of the project is expected to reduce 5,13,560 tonnes of carbon emission and would contribute to the government of India's mission of reduction in carbon emission. Currently the company's renewable portfolio stands at 4,320.5 MW, out of which 179.5

But cumulative dues remain at a high of Rs 1.13 trillion

Pool to address grid balancing concern as states relinquish costly thermal power to procure more RE

Prime Minister Narendra Modi on Sunday said he could foresee that India would soon be manufacturing big passenger aircraft that would proudly bear the words 'Made in India'.

Lack of timely payment, especially from the other government departments in the state, is one major reason crimping the payment ability of discoms

Aggregate losses of power distribution utilities or discoms increased by 66 per cent to Rs 50,281 crore in 2020-21 as compared to the previous year, a report by state-run Power Finance Corporation said. 'The Report on Performance of Power Utilities in 2020-21' unveiled at state power ministers' conference in Udaipur also stated that overall AT&C (aggregate technical & commercial) losses of discome deteriorated from 20.73 per cent in 2019-20 to 22.32 per cent in 2020-21. For 2020-21, the report covers 117 utilities comprising 68 discoms, 23 power generation utilities, 22 power transmission utilities and 4 power trading utilities. Aggregate losses of discoms increased from Rs 30,203 crore in 2019-20 to Rs 50,281 crore in 2020-21, the report stated adding that aggregate losses on tariff subsidy received, excluding Regulatory Income and Revenue Grant under UDAY (discoms revival scheme) for loan takeover increased from Rs 63,949 crore in 2019-20 to Rs 88,500 crore in 2020-21. The ..

Concept of centralised electricity market sounds sensible in theory but is likely to be unworkable in practice

Outstanding dues of power distribution companies towards gencos declined sharply to Rs 713.29 crore on Friday from Rs 5,085.30 crore as of August 17 following a strict action against defaulter utilities. The defaulter utilities were barred from trading at power exchanges under the Electricity (Late Payment Surcharge and related matters), Rules 2022 notified by the power ministry in June 2022. Last month, the national grid operator Power System Operation Corporation Ltd (POSOCO) asked three power exchanges -- IEX, PXIL and HPX -- to restrict electricity trading by 27 discoms in 13 states having outstanding dues towards gencos. The latest update regarding late payment surcharge dues on PRAAPTI portal showed that three discoms in Karnataka and one in Jammu & Kashmir have total outstanding dues of Rs 713.29 crore on September 16, 2022. The outstanding dues were Rs 5,085.30 crore on August 17, 2022. The PRAAPTI stands for Payment Ratification And Analysis in Power Procurement for ...

Discoms' regulatory assets cumulatively increased to Rs 88,720 crore by June 30, showed government data

Outstanding dues of electricity distribution companies (discoms) towards gecos, which remains over Rs 1 lakh crore at any point of time, will be eliminated in the next four years, Union power minister R K Singh said. The government has converted the total outstanding dues of discoms toward gencos (power generator companies) into Equated Monthly Installments (EMIs). These EMIs have maximum tenure of four years and thus the total outstanding dues of discoms would be nil by 2026. "The total outstanding dues of the discoms towards gencos is around Rs 1,13,000 crore. These dues would be totally cleared by 2026," Singh told PTI. Singh explained that the government has put a very robust payment security mechanism for the power sector knowing about the perennial issue of bulging dues of discoms toward gencos. He informed that the power ministry has put in place late payment fee Electricity, (Late Payment Surcharge and Related Matters) Rules, 2022 (LPS Rules 2022) which would trigger snapp

A third player starts operations, pointing to the potential of this nascent business