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 […]

Read more

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

coal.jpeg

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 […]

Read more

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

nuclear-power-plant-1.jpg

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 […]

Read more

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

nuclear-power-plant-1.jpg

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 […]

Read more

High coal prices proving to be a headache for power generating companies

coal.jpeg

Irregular payments by state-owned distribution companies (discoms) to power generation companies (gencos) has been a chronic problem of India’s power sector. High prices of domestic coal, which accounts for up to 80 per cent of power production costs is further adversely affecting the balance sheet of power producers. Domestic coal prices are high not due […]

Read more

Coal India mulling over interim dividend on account of outstanding dues from power companies

fre-sonneveld-q6n8nIrDQHE-unsplash-1-scaled.jpg

The cash flow problem arising out of the outstanding dues from state-owned power generation companies poses a challenge to Coal India Ltd as its management is deliberating on an interim dividend. Top officials of the coal behemoth will meet today before the November 11 board meeting to consider how much payout the company can afford as the […]

Read more

ADB approves $133 million loan to improve power distribution network in Meghalaya

fre-sonneveld-q6n8nIrDQHE-unsplash-1-scaled.jpg

The Asian Development Bank has approved a $ 132.8 million loan to improve and upgrade the power distribution network in Meghalaya, Power Minister James PK Sangma said. “Happy to announce that the @ADB_HQ has approved a loan of $132.8 mn to improve & upgrade the power distribution network in #Meghalaya. The project fully supports Meghalaya’s […]

Read more

Discoms’ outstanding dues to power companies rise by 37% to Rs 1.33 lakh crore in August 2020

fre-sonneveld-q6n8nIrDQHE-unsplash-1-scaled.jpg

The total dues owed by distribution firms to power generating companies rose by over 37 per cent year-on-year to Rs 1.33 lakh crore in August 2020, reflecting stress in the sector. Distribution companies (discoms) owed a total of Rs 96,963 crore to power generation firms in August 2019, according to the portal PRAAPTI (Payment Ratification […]

Read more