Developing economies can have climate resilient energy independence: IEEFA

Growing economies such as India have an enormous opportunity to build energy independence and grow in a climate resilient manner, in the process creating a thriving corporate sector that best leverages these increasingly prominent global financial capital market priorities, and funding capacities, said a new report by Institute for Energy Economics and Financial Analysis (IEEFA). […]

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Payment security mechanism for power generating companies on the agenda for 2022

A greater payment security mechanism for power generation companies to ensure timely payouts for supply of electricity will be in focus in 2022 as stricter rules are on the anvil for 24×7 power supply amid discoms’ outstanding dues at a whopping Rs 1.56 lakh crore. Mounting outstanding dues of distribution companies (discoms) to electricity generation […]

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New restrictions on banking of power sector to hit country’s renewable energy prospects: JMK Research

New restrictions on banking of power will inhibit the growth of the rooftop and open-access solar market, and potentially slow progress towards India’s national target of 450 gigawatts (GW) of installed renewable capacity by 2030, according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. Banking […]

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Power discoms owe gencos more than Rs 1.56 lakh crore: Power minister in Lok Sabha

Total outstanding dues owed by power distribution utilities or discoms to generation firms (gencos) are estimated to be more than Rs 1.56 lakh crore, Parliament was informed this week. “Discoms have not been able to pay the generation companies for the power procured, and the outstanding payments to generation companies are estimated to be in […]

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IPPs want stricter regulations to ensure quicker payments from power distribution companies

Independent Power Producers (IPPs) have demanded stricter regulations to make it more difficult for the defaulting states to procure electricity from other sources when power plants cut supplies. The demand is on the back of pending dues by state-run electricity distribution companies (discoms). The overdues by discoms — pending receivables of 45 days or more […]

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Four companies emerge lowest bidders in 1,200 MW wind energy auction

In a positive development for the struggling wind energy industry, tariffs for pure wind projects trended downwards as ReNew Power, Sembcorp, Evergreen Power, Adani, and Azure Power emerged winners in Solar Energy Corporation of India’s (SECI) 1200 megawatt (MW) tranche XI tender. In an e-reverse auction concluded by SECI, ReNew (300 MW), Sembcorp’s wholly-owned subsidiary Green […]

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Power ministry wants RBI to direct banks to follow strict norms in lending to discoms

The Union power ministry is planning to ask the Reserve Bank of India (RBI) to direct public sector banks (PSBs) follow strict prudential norms when it comes to lending to discoms, power secretary Alok Kumar said. The loss-making power distribution companies (discoms) are a sticky burden on government finances as they need recurrent bailout packages. […]

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