Page 7 - Discoms

Delhi's peak power demand reaching pre-Covid levels as economy opens up

n September this year, the peak power demand was just 5.9 per cent lower as compared to the corresponding month last year

Loans worth Rs 70K cr sanctioned to discoms under liquidity package: Govt

Finance Minister Nirmala Sitharaman in May this year had announced a Rs 90,000 crore liquidity infusion into cash-strapped discoms for clearing their outstanding dues till March 2020

Tata Power, India Power Corporation submit bids for three discoms in Odisha

The bids were called earlier this year for Western, Southern and Northern Electricity Supply Companies, namely WESCO, SOUTHCO and NESCO.

Discoms' outstanding dues to power gencos rise 36% to Rs 1.29 trn in July

Power producers' total outstanding dues owed by distribution firms rose over 36 per cent year-on-year to Rs 1.29 trillion in July 2020, reflecting stress in the sector.

Electricity Consumer Rights: Power Ministry publishes first draft

While the Act currently has a consumer charter, the latest draft empowers users and has introduced new supply rights for them

New power play

The draft proposal may not address discom losses

SC upholds APtel order granting compensatory tariff to Adani Power plant

The case pertains to the cost incurred by Adani Power Rajasthan on sourcing costlier imported coal due to lack of domestic coal supply

DERC's power tariff for 2020-21 will add to financial challenges: TPDDL

The Delhi Electricity Regulatory Commission (DERC) announced the new tariff on Friday, saying no hike was considered due to the COVID-19 pandemic

Power Ministry advises gencos to cap late payment surcharge at 12%

Power ministry has advised power generation and transmission firms to levy the late payment surcharge on discoms at not more than 12% in view of the stress in the sector amid Covid-19 pandemic

Power stks zoom as Cabinet ups lending limits for discoms; Tata Power up 8%

Currently, discoms can borrow only up to 25 per cent of their previous year's working capital under the limits stipulated in the UDAY scheme. The limit, however, has now been relaxed

Cabinet expands lending limits for power discoms to help them clear dues

Discoms can borrow only up to 25% of last year's working capital, under UDAY; This has now been relaxed for a one-time lending and would help discoms that have exhausted borrowing limits

Power demand to decline 8% in FY21, discoms' revenue to fall 13.1%: Report

According to the agency, the fall in demand is likely to result in a 13.1% YoY decline in revenue of discoms to Rs 6.8 trillion in FY21

UP asks for Rs 20,940 cr loan to help discoms, more states in queue

Loan requirements under Atmanirbhar scheme to help state-owned discoms crosses Rs 98,000 cr

Letter to BS: Discoms are in deplorable state, need urgent action

The root causes indeed are the pathetic operational efficiency of most state-owned thermal plants and the totally flawed power-pricing strategy that discoms are forced to follow

Power crisis

Discoms can pose risk for state government finances

Atmanirbhar loan may touch Rs 1.25 trillion: Power minister R K Singh

The special loan is aimed at clearing dues of discoms towards Centre-owned and private power generation units.

Govt likely to hike liquidity package for discoms to Rs 1.25 trillion

"Ministry of Power has firmed up a proposal to hike the Rs 90,000 crore liquidity package for discoms to Rs 1.25 trillion," a source privy to the development said

Unlock 1.0: High power bills irk consumers, celebs take to social media

Discoms start campaign to educate about provisional bills, urge self meter reading

Why smart meters are imperative for discoms

The Covid-19 crisis is also an opportunity for accelerating the rollout and adoption of smart metering

REC kicks off discom package with Rs 2,500 crore to Maharashtra

REC has sanctioned another Rs 3,300 crore for Andhra Pradesh, Rs 2,000 crore for Punjab and Rs 2,032 crore for Rajasthan.