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Gencos

Gencos with high input cost allowed to sell power at up to Rs 50 per unit

Power generating companies that incur high variable costs due to fuel expenses and other charges will soon able to sell electricity at a price of up to Rs 50 per unit on energy exchanges. The relaxation in norms by the Central Electricity Regulatory Commission (CERC) will provide relief to three category of power generating companies (gencos) -- those running their plants on expensive natural gas (RLNG), imported coal and using Battery Energy Storage System (BESS). At present, there is a price ceiling of Rs 12 per unit in the Day Ahead Market (DAM) on the energy exchanges. With the ceiling, gencos having high variable costs for operating their plants are generally not keen on selling electricity on the energy exchanges and this in turn results in stranded power generation capacity. Against this backdrop as well as the upcoming summer season, the CERC, earlier this month, allowed the introduction of a new segment -- High Price Day Ahead Market (HP-DAM) -- on the energy exchanges ...

Gencos with high input cost allowed to sell power at up to Rs 50 per unit
Updated On : 22 Feb 2023 | 11:34 PM IST

Targeting to double coal inventory with power plants by March: Coal secy

Coal Secretary Amrit Lal Meena said all the coal companies of national miner Coal India (CIL) had more coal than their targeted production for the upcoming summer season

Targeting to double coal inventory with power plants by March: Coal secy
Updated On : 12 Jan 2023 | 11:06 PM IST

Looming crisis: As power demand hits a peak, gencos told to import coal

Domestic coal supply to be regulated for those not adhering to the directive

Looming crisis: As power demand hits a peak, gencos told to import coal
Updated On : 09 Jan 2023 | 11:52 PM IST

Discoms' outstanding dues to gencos nearly halved to Rs 62,681 cr in Jan

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

Discoms' outstanding dues to gencos nearly halved to Rs 62,681 cr in Jan
Updated On : 08 Jan 2023 | 11:04 PM IST

Power demand to fall in H2, gencos' receivables to go up: Fitch Ratings

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

Power demand to fall in H2, gencos' receivables to go up: Fitch Ratings
Updated On : 20 Dec 2022 | 10:03 PM IST

Discoms' dues to gencos down by Rs 24,000 crore on back of loan scheme

But cumulative dues remain at a high of Rs 1.13 trillion

Discoms' dues to gencos down by Rs 24,000 crore on back of loan scheme
Updated On : 30 Nov 2022 | 9:38 PM IST

PowerMin invites bids to supply 4.5 Gw electricity during coming summer

Power to be supplied for five years, qualifying gencos to get coal under SHAKTI scheme

PowerMin invites bids to supply 4.5 Gw electricity during coming summer
Updated On : 28 Nov 2022 | 7:18 PM IST

Discoms' outstanding dues towards gencos to be eliminated by 2026: RK Singh

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

Discoms' outstanding dues towards gencos to be eliminated by 2026: RK Singh
Updated On : 11 Sep 2022 | 7:07 PM IST

Gencos imported 9.2 mn tonne of coal in April-June period: Power Ministry

Power generating firms (gencos) have imported 92.07 lakh tonne of coal in April-June this financial year for blending purposes ahead of Monsoon season, Parliament was informed on Thursday. "Ministry of Power (in April) advised Central Gencos, State Gencos and Independent Power Producers (IPPs) to import coal for blending purpose during 2022-23," Union Power Minister RK Singh said in a written reply to the Lok Sabha. He also informed the House that to ensure minimum coal stocks in power plants before the onset of monsoon, the power ministry advised all Gencos to complete placement of awards for import of coal before May 31, 2022. In May, the ministry had stated that domestic coal would be allocated proportionately to all Gencos based on the likely availability of domestic coal from Coal India Ltd (CIL) /Singhareni Collieries Company Ltd (SCCL) from June 1, 2022, and the shortfall is to be met from blending of the imported coal. The reply showed that 92,07,000 tonnes of coal were ...

Gencos imported 9.2 mn tonne of coal in April-June period: Power Ministry
Updated On : 21 Jul 2022 | 5:56 PM IST

Adani among 11 bidders in race for CIL's Rs 3,100-cr coal import tender

Apart from Adani, the other two names disclosed by CIL from its pre-bid meetings were contenders in the NTPC tender as well.

Adani among 11 bidders in race for CIL's Rs 3,100-cr coal import tender
Updated On : 22 Jun 2022 | 12:43 AM IST

Govt asks Gencos to buy rakes to ensure smooth coal supply during monsoon

The government has directed the power generation companies (GENCOS) to buy rakes for captive usage, a move which will ensure smooth supplies of coal during the monsoon season

Govt asks Gencos to buy rakes to ensure smooth coal supply during monsoon
Updated On : 19 Jun 2022 | 12:14 PM IST

Coal India to source 6 MT more imported coal; floats medium-term tender

Two days ago, the company for the first time ever issued a tender for purchasing imported coal for gencos.

Coal India to source 6 MT more imported coal; floats medium-term tender
Updated On : 10 Jun 2022 | 4:37 PM IST

CIL issues import tender for 2.4MT of coal, identifies 26 beneficiaries

The imported coal would be supplied to state government-owned gencos and independent power producers (IPPs), 1.2 mt each

CIL issues import tender for 2.4MT of coal, identifies 26 beneficiaries
Updated On : 10 Jun 2022 | 12:09 AM IST

Gencos have started coal import related process, says power minister

Replying to a question on the issue, the minister said "most of the states have started (the process), in fact every state has started."

Gencos have started coal import related process, says power minister
Updated On : 08 Jun 2022 | 1:56 AM IST

Govt gives gencos time till Friday to begin process for coal imports

GENCOS who either don't place their indents with CIL by 3.6.2022 or haven't initiated their tender processes of coal imports, will be allocated only 70% of domestic coal, said govt

Govt gives gencos time till Friday to begin process for coal imports
Updated On : 03 Jun 2022 | 2:01 AM IST

Stock up before monsoon, Coal ministry tells power generating companies

Says stock available with power plants enough for 10 days of operation

Stock up before monsoon, Coal ministry tells power generating companies
Updated On : 03 Jun 2022 | 6:10 AM IST

Discoms' outstanding dues to gencos rise 4% to Rs 1.21 trn in May

Power producers give 45 days to discoms to pay bills for electricity supply. After that, outstanding dues become overdue and generators charge interest on that in most cases.

Discoms' outstanding dues to gencos rise 4% to Rs 1.21 trn in May
Updated On : 09 May 2022 | 12:37 AM IST

Power crisis: Gencos may not switch on idle units soon over fuel cost surge

Imported coal price at nearly $380 per tonne, while power price is capped at Rs 12 per unit, say players

Power crisis: Gencos may not switch on idle units soon over fuel cost surge
Updated On : 09 May 2022 | 12:34 AM IST

Gencos to face penalty for having low coal stock, says govt

Power Ministry notifies new coal stocking norms, gencos to follow month-wise threshold

Gencos to face penalty for having low coal stock, says govt
Updated On : 26 Feb 2022 | 3:02 AM IST

Discoms' outstanding dues to gencos rise 4.4% to Rs 121,030 cr in January

Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose 4.4 per cent year-on-year to Rs 1,21,030 crore in January 2022. Discoms owed a total of Rs 1,15,904 crore to power generation firms in January 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). On a sequential basis also, total dues in January increased from Rs 1,15,462 crore in December 2021. The PRAAPTI portal was launched in May 2018 to bring in transparency in power purchase transactions between generators and discoms. In January 2022, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,01,357 crore as against Rs 99,650 crore in the same month a year ago. The overdue amount stood at Rs 99,981 crore in December 2021. Power producers give 45 days to discoms to pay bills for electricity supply. After that, outstanding dues

Discoms' outstanding dues to gencos rise 4.4% to Rs 121,030 cr in January
Updated On : 10 Jan 2022 | 1:08 AM IST