The privatisation of distribution in Union Territories is a positive move by the government, says Prashant Jain, joint MD & CEO of JSW Energy
There is more traffic on the roads, more power being generated, the internet shows lesser signs of strain and more people may be reporting to work
Clouding the valuation will be dues to generation firms and a possible CAG audit
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.
The decline is equivalent to losing the entire energy demand of India, the world's third-largest energy consumer
On a weekly basis, electricity generation is down 3% in the last week of April
Most of the firms that are dependent on government contracts are looking at a dry pipeline in the near term.
The stress in the power sector is likely to impact 25 Gw of capacity tied up in short-term sales.
Costs unlikely to fall; does not bode well for earnings
Invoke force majeure cluse, get a rap on knuckles from MNRE, which asks them to continue buying and paying for RE even during lockdown
Grows by 5.5% in Feb, driven by petroleum production, rise in electricity output
State entities shutting costlier units and turning to short-term power purchase
CIL had told Parliament's standing committee on coal and steel that it keeps supply on to defaulters in the national interest
Scenario to benefit power exchanges, merchant producers
The Centre has also decided to set up mega-sized solar parks which will have their own transmission systems
The firm's total power generating capacity has gone up to 6,044 Mw following the commissioning of two plants
India's power demand fell 13.2% in October from a year ago, posting its steepest monthly decline in more than 12 years, reflecting a deepening growth slowdown in Asia's third-largest economy
Power producers' total outstanding dues owed by distribution companies stands at Rs 69,558 crore by September-end 2019
The minister said these assets are further protected through multiple firewalls and systems
Union Ministry of Power has formed a high-level group to study the present system of power purchase and sale under the Power Purchase Agreement (PPA) including power trading, the Lok Sabha was informed on Thursday.In a written reply, Union Minister of State (IC) Power, New & Renewable Energy, and Skill Development and Entrepreneurship R K Singh said: "The group will also explore the system of power markets globally and make recommendations for changing the structure and system of power purchase and sale in the country including reforms needed to encourage investments, efficiency, and competitiveness in power markets.""As per the provision of Electricity Act, 2003, the Ministry of Power has already issued Competitive Bidding Guidelines for long term, medium-term and short term power procurement by Distribution Licensees. As mandated in Tariff Policy, all future power procurement by Distribution Licensees in states to be done through tariff-based competitive bidding only," he ...