Tags: DISCOMs

Discoms can save up to INR 21880 crore with Indexed renewable energy tariffs: IEEFA

The inflation indexation of tariffs for future solar capacity could provide much-needed financial respite to the distressed power distribution sector and help India move away from coal-fired power, according to a joint briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and the CEEW-Centre for Energy Finance (CEF). Zero indexation tariffs have been the […]

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Power Min initiates INR 2000 cr JV set up process to rollout of smart metres

The Power Ministry has started the process to set up a Rs 2,000 crore joint venture for providing a common backend infrastructure facility (CBIF) to power distribution companies (discoms) for faster roll-out of smart electricity metres in the country. The joint venture would have four promoters, NTPC Ltd, REC Ltd, Power Grid Corporation of India […]

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Genus Power Supplies 1.5 Million Smart Meters to EESL

Genus Power Infrastructures Ltd (Genus Power) touts that it has become the first company in Asia Pacific to achieve the milestone of supplying 1.5M Smart Meters to EESL (Energy Efficiency Services Ltd). Genus Power is one of the largest supplier of Smart Meters in India and is currently executing a big contract for EESL. EESL […]

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Change in Law payments lead to INR 4K crore cash inflow for solar sector: CRISIL

Recent commencement of Change in Law payments by state power distribution companies (discoms) and Solar Energy Corporation of India (SECI) for Goods and Services Tax (GST) to solar power projects, comes as a shot in the arm for the sector. Together with safeguard duty (SFD) reimbursements, which also qualify under ‘Change in Law’, the payments will […]

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Discoms in Delhi witnesses surge in residential rooftop solar power connections

Power discoms in the national capital are witnessing a “surge” in residential rooftop solar power connections, with more than half of over 3,700 net metering connections installed in recent years falling under this category, officials said. The BSES discoms have so far energised over 2,700 solar net metering connections in the city, with the highest […]

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New guideline to allow 24X7 power from renewable sources

Renewable power producers will now be able to ensure round-the-clock supply to discoms and other consumers as the government has finalised new guidelines that will allow them to bundle their green power with thermal capacities. The bundled power package will address a major drawback that renewable power (solar and wind) faces with regard to continuous […]

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Discoms in Gujarat to procure solar, wind power through competitive bidding

Gujarat power distribution companies will now have to procure solar and wind power from generation companies by way of competitive bidding. Recently Gujarat Electricity Regulatory Commission (GERC) issued the tariff frameworks for the procurement of solar and wind power by distribution licensees in the state. ET citing government sources notes that the new control period […]

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Energy sector players hailed govt’s move to infuse Rs 90,000 crore liquidity

Energy sector players on Wednesday hailed the government’s move to infuse Rs 90,000 crore liquidity into power distribution companies (discoms), saying the stimulus will breathe a fresh life into the power sect They said that overall this Rs 20 lakh crore stimulus announced by Prime Minister Narendra Modi will revive the COVID-19 hit economy, adding […]

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Smart meters helping Discoms generate 95pc billing efficiency: EESL

State-owned EESL on Tuesday said that its smart metering programme (SMP) is helping distribution companies (discom) generate 95 per cent of billing efficiency during the lockdown. The discoms using smart meters have seen 15-20 per cent average increase in monthly revenue per consumer, the Energy Efficiency Services Ltd (EESL) said in a statement. The power […]

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DISCOMs get Rs. 90000 cr lifeline with liquidity Injection

Finance Minister Nirmala Sitharaman on Wednesday announced a special liquidity infusion scheme for the fund starved power distribution sector. FM said the government will provide Rs 90,000 crore for the distribution companies (discoms) as part of its strategy to bring the country’s battered economy back on track. This is one of the 15 measures announced […]

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