Page 4 - Discoms
One bankrupt industry leaves $80 bln hole in India's climate pledge
Without reforming discoms, India will struggle to meet its bold target of raising non-fossil-fuel generation capacity.
 "One bankrupt industry leaves $80 bln hole in India's climate pledge")
Rs 3-trillion new Discoms Reform Scheme: Why it might work this time?
New Discoms Reform Scheme: Financially and operationally ailing power distribution companies (discoms) in the country have got another chance of revival with the Rs 3-trillion reform scheme
 "Rs 3-trillion new Discoms Reform Scheme: Why it might work this time?")
NTPC says Delhi discoms scheduling only 70% of power available with them
On Monday, Chief Minister Arvind Kejriwal had said that the power situation is "very critical" in the entire country.
 "NTPC says Delhi discoms scheduling only 70% of power available with them")
Top headlines: Govt denies power crisis; Tata sets out to upgrade Air India
Military commanders of India and China started a 13th round of talks on Sunday to resolve the border dispute in Eastern Ladakh. More on that headline in our top stories.
 "Top headlines: Govt denies power crisis; Tata sets out to upgrade Air India")
'Switch off': Coal supply crisis has discoms scrambling for solutions
Some plead Centre for more coal, others ask consumers to save electricity
 "'Switch off': Coal supply crisis has discoms scrambling for solutions")
Ample coal stocks for power plants; no blackout risk, says govt
States continue to flock spot market, prices at record high
 "Ample coal stocks for power plants; no blackout risk, says govt")
Discoms' outstanding dues to gencos rise 3.3% to Rs 116,127 cr in October
Total outstanding dues owed by electricity distribution companies to power producers rose 3.3 per cent year-on-year to Rs 116,127 crore in October
 "Discoms' outstanding dues to gencos rise 3.3% to Rs 116,127 cr in October")
Long leaps for discoms before they sign up for new reform scheme
Ghosts of mounting financial losses and worsening technical performance still haunt; discoms would need to walk many extra miles to become eligible for the new package
 "Long leaps for discoms before they sign up for new reform scheme")
Govt depts owe Rs 97,000 cr to discoms, Haryana tops with Rs 46,193 cr dues
States need to clear dues, pay subsidy amount to be eligible for new discoms reforms
All states come on board for Rs 3 trillion discoms reforms scheme
States have been given till December to submit loss reduction plan; many of them will do so by October, says power minister
 "All states come on board for Rs 3 trillion discoms reforms scheme")
Centre invokes TPAs as gencos eye Rs 96.8K-cr from defaulting states
The power ministry recovered Rs 714 crore from Jharkhand last month
Hidden costs of renewable power in compulsory purchases of RE for discoms
The challenge at this stage of renewable power induction is to see whether the low tariffs are truly reflective of the cost that state discoms additionally pay for thermal power they are not using
 "Hidden costs of renewable power in compulsory purchases of RE for discoms")
Gencos to be allowed to sell power in open market if not paid by discoms
Power ministry has made the suggestion in order to reduce the retail tariff for consumers and reduce burden of regular payment on the discoms
 "Gencos to be allowed to sell power in open market if not paid by discoms")
Top headlines: LPG price hiked; govt clarifies on discom loss levels
Business Standard brings you the top headlines this evening
 "Top headlines: LPG price hiked; govt clarifies on discom loss levels")
Speculations of discom loss levels at Rs 90,000 cr grossly inflated: Govt
PAT figure for FY20 almost half of the negative Rs 60,000 crore projected by ICRA for FY20, says Ministry of Power
Despite regulatory, discom challenges, Sterlite Power bets on demand growth
IPO-bound Sterlite looks at growth in power transmission infra and power equipment industry
 "Despite regulatory, discom challenges, Sterlite Power bets on demand growth")
Centre's power reforms tied in knots amid protests by Opposition states
The irony is the states opposing the amendments on the ground of threat of privatisation already have private partnerships in power supply
Discom losses to be 40% above pre-pandemic levels: Crisil
Cash losses of power distribution companies (discoms) will remain elevated at around Rs 46,000 crore this fiscal or 40 per cent higher than the Rs 33,000 crore seen in the pre-pandemic levels of fiscal 2020, Crisil Ratings has said.This is because revenues will remain constrained as demand from high-paying, commercial and industrial (C & I) consumers have been lower than seen during pre-pandemic period, while tariff hikes have been inadequate.Costs are also likely to surge primarily because of higher interest burden because of ballooning debt. A study of 34 state discoms (from 15 states) which account for over 80 per cent of India's power demand shows as much.The nationwide lockdowns imposed in the first half of the last fiscal brought C & I activities to a standstill and evaporated an estimated quarter of demand from high-paying C & I consumers for the full fiscal 2021 as compared to fiscal 2020.Ankit Hakhu, Director of Crisil Ratings, said while industrial demand will ...
 "Discom losses to be 40% above pre-pandemic levels: Crisil")
Niti Aayog pitches for greater financial autonomy for state-owned discoms
In rural areas, private investors might not find it attractive to become licensees, but a franchisee model might be attractive, says the govt think tank
 "Niti Aayog pitches for greater financial autonomy for state-owned discoms")
Power hurdles: Consumers need to wait before they can choose supplier
Latest amendments to the Electricity Act might not be enough to remove existing obstacles.
