Page 8 - Discoms

Punjab, Rajasthan, Andhra Pradesh seek Rs 14,664 crore to revive discoms

States request Rs 14,000 crore, PFC-REC to lend at above 9%

Rising discom debt

The sector needs urgent policy reforms

Discoms' debt to hit an all-time high of Rs 4.5 trillion by FY21: Crisil

Higher costs and constrained cash inflows amid declining demand mean the per-unit operating gap of discoms will widen to 83 paise per unit by the end of this fiscal

Discoms can now buy power on exchanges just an hour before delivery

Real time electricity market enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery

Rs 90K cr package to provide only temporary relief to discoms: Ind-Ra

Finance Nirmala Sitharaman earlier this month announced Rs 90,000 crore liquidity infusion for discoms, saying that they owe Rs 94,000 crore to power generation companies

Rs 90,000 cr discom package: Street anxious over impact on PFC and REC

While state government guarantee offers comfort, operational inefficiency may continue to impact debt servicing ability of electricity distributors, say experts; the two stocks are down 10-13 per cent

Covid-19 impact: JSW Energy puts GMR Kamalanga acquisition on hold

In February, JSW Energy said it would acquire GMR's Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore.

Covid-19 won't impact us, examining if we need pay cuts: JSW Energy CEO

The privatisation of distribution in Union Territories is a positive move by the government, says Prashant Jain, joint MD & CEO of JSW Energy

Power reforms won't electrify the sector

At best, the scheme can be viewed as a one-time measure, while the larger problem of insolvency of discoms remains

Make reforms work

Govt has to find a way to remove the stumbling blocks

Power distribution companies in UTs to be privatised, says Finance Minister

Sitharaman said privatisation of discoms will lead to better service to consumers and improvement in operational and financial efficiency in power distribution

Tata group, Adani, CESC may join the race to buy BSES companies

Clouding the valuation will be dues to generation firms and a possible CAG audit

FM announces Rs 90,000 cr liquidity infusion in power distribution sector

PFC, REC to extend one-time loans with riders

FM has leveraged banks and PSUs to deliver the goods

The credit angle is interesting for them as the Rs 3 trillion to be disbursed by banks would go as collateral free debt for four years with a 12-month moratorium

Aimed at reviving investment, Electricity Bill shows sparks of reform

The draft is long on intent but short on detail

Average spot power price dip 25% to Rs 2.42 per unit in April amid lockdown

Besides, the power sales volume at 4,052 million units (MU) last month was down 6.6 per cent as compared to the year-ago period, an IEX statement said.

Centre owes Rs 3 trillion to states and industry amid Covid-19 outbreak

Assocham President Niranjan Hiranandani said his talks with government officials showed dues to industry and states were pending in the form of refunds of I-T, VAT, and GST, and compensation

Covid-19 outbreak: For big electrical players, lockdown only a blip

Most of the firms that are dependent on government contracts are looking at a dry pipeline in the near term.

Covid-19 lockdown: Power demand may fall in FY21, first in 15 years

The stress in the power sector is likely to impact 25 Gw of capacity tied up in short-term sales.

Power for growth

Draft Bill aims to address the fault lines in the sector