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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Coal India steps up coal supply to power sector; urges gencos not to regulate coal intake

State-owned CIL has been writing to power generating companies since October last year urging them not to regulate the intake of coal and build up stock at their end, so that the electricity production does not suffer during summmer and monsoon seasons, according to official sources. The development assumes significance in the wake of power houses in […]

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Discoms’ outstanding dues to power gencos rise nearly 17% to Rs 1.02 lakh crore in February 2021

Total dues owed by electricity distribution companies to power producers rose nearly 17 per cent to Rs 1,02,684 crore in February this year. Distribution companies (discoms) owed a total of Rs 87,888 crore to power generation firms in February 2020, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in […]

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Coal India’s additional supply reduced imports by 90 million tonnes in FY21

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State-owned Coal India Limited (CIL) said it provided additional coal supply in the country during 2020-21, which prompted customers to go for 90 million tonnes of domestic coal instead of importing it from abroad. The public sector undertaking said in a statement that it curbed coal imports to the tune of 90 million tonnes.  Sustaining its growth […]

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Power Finance Corporation of India raises borrowing limit by 31% to Rs 1.18 lakh crore

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State-owned Power Finance Corporation (PFC) will raise 31 per cent more funds in FY21 than its initial plan “to accommodate the moratorium granted to borrowers as per RBI guidelines”. The company’s board approved to raise its FY21 market borrowing limit to Rs 1.18 lakh crore from the earlier limit of Rs 90,000 crore. The limit has been raised as […]

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Private thermal power companies get Rs 40,000 crore liquidity boost: CRISIL

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Thermal power plants in the private sector are likely to receive Rs 40,000-crore liquidity boost. Combining government initiatives along with Coal India’s decision to offer longer term credit to them amounts to a hefty Rs 40,000 crore benefit to the players. While the government has decided to liquidate the overdue receivables from state discoms under a […]

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