The turnaround in distribution utilities is matched by improvements in other critical performance indicators, highlighting the depth of reforms. It’s good news that was long‑awaited. India’s power distribution utilities have collectively recorded a positive profit after tax (PAT) of ₹27.01 billion in FY2024‑25, marking a turnaround for the sector. The world’s third‑largest energy consumer’s distribution...
Tag: Discoms
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Centre Moves to Resolve PPA Logjam with States, Says MNRE Minister Pralhad Joshi
The minister says he will soon begin meeting state governments in person to help resolve the long-pending issue. The central government is prioritising the resolution of power purchase agreement (PPA) challenges with states, Union Minister for New and Renewable Energy Pralhad Venkatesh Joshi said on Monday. “We are serious about resolving the PPA issue. Since...
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ICRA Keeps Power Distribution Sector on Negative Watch as Discom Debt Mounts
The rating agency further expects the Supreme Court’s recent directive for all state electricity regulatory commissions to liquidate legacy regulatory assets will trigger steep tariff hikes across several states, necessitating state government support for effective implementation. Rating agency ICRA has retained a negative outlook on India’s power distribution sector, citing weak operational efficiencies, inadequate tariff...
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Government sanctions Rs 118 bn for IndiaÂ’s rooftop solar mission
The government has approved phase-II of rooftop solar programme with a funding outlay of Rs 118.14 billion for achieving the 40 GW rooftop solar capacity target by FY2022.
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Indian governmentÂ’s Rs 344 bn bonanza for solar sector
The Government of India has approved the launch of KUSUM (Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme, to promote the use of solar powered agriculture pumps by farmers and installation of small renewable power plants (500 KW to 2 MW) by farmers/cooperatives/panchayats on their lands, with a funding support of Rs 344.22 billion.
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TelanganaÂ’s power demand rises to 10,428 MW
Yet again in the power sector, Telangana sets a record for the highest ever power demand of 10,429 MW, surpassing its earlier demand of 10,284 MW in March, 2018.
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Capital Goods
The mechanism proposed to buy surplus solar energy from solar pumps by the distribution utilities as well as push for deployment of solar energy under the smart city programme are encouraging for PV module manufacturers, EPC and system integrators/channel partners
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New bidding guidelines to boost wind power sector: ICRA
The recent notification of bidding guidelines by the Government of India for the award of wind power projects is a positive development for the sector. The guidelines address some of the key concerns for the sector pertaining to off-takerÂ’s credit profile, grid curtailment and termination payments.
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Power demand to rise, says NTPC CMD
Exuding confidence that the CentreÂ’s UDAY scheme will help revive debt stressed discoms, NTPC Ltd Chairman and Managing Director Gurdeep Singh has said that electricity demand is going to increase in the future.
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Coal price increase may push up power tariffs
With a hike in coal prices and levy of coal terminal charge, electricity consumers may end up paying more as discoms increase tariffs to counter the hike. This is due to the hike in coal price.