Search Result for : Discoms

The Dollar Business Bureau Less dependence on the imported coal and the relief in tariff for affected projects is a positive sign for the power sector, however, the timeline for tariff relief implementation is unclear yet, said independent ratings agency ICRA.  “ICRA positively takes note of the order issued by the CERC (Central Electricity Regulatory Commission) approving tariff relief under force majeure for the imported coal-based power projects of Adani Power Ltd (APL) and Coastal Gujarat Power Ltd (CGPL), affected by the change in regulations in Indonesia,” the ratings agency said. However, the implementation of tariff relief order is subject to the nod of the Supreme Court and therefore, timelines are not clear for its implementation, it said. ICRA estimated that the tariff relief, as per ...

The Dollar Business Bureau Days after the RBI slashed interest rate by 50 basis points, an industry body has sought special dispensations from the government to protect India’s key industries including real estate, power, steel, and gems and jewellery sectors.  The industry body has asked the government to cut excise duty and take other accommodative measures like teaser loans for the housing sectors to bail these industries out of crisis.  “For creating additional demand, the government will have to chip in with, rather bold measures and create extra elbow room for the selected industries by way of extending short tenure stimulus on construction material like steel, cement, power equipment while for the gems and jewellery, export sops like interest subvention must ...

Source: PTI Power projects with a collective capacity of 46,000 MW are facing viability issues due to lack of long-term energy buyers, inadequate fuel supply, and aggressive bidding to win projects and coal blocks. Of this, 36,000 MW are coal-­based within which tariff under­ recovery has affected 20,000 MW in capacity. The rest are reeling because of inadequate feedstock and poor electricity off-take by distribution companies (discoms). Further, 10,000 MW of gas­-based projects have become unviable due to dwindling fuel supplies from the Krishna Godavari basin. In a report titled "Current Worries" released Tuesday, CRISIL Ratings said loans of Rs 75,000 crore are at risk if these problems are not resolved soon. "Total loans to these stressed generation projects are currently Rs 2.1 lakh crore. ...

The Dollar Business Bureau In a move to ensure an efficient management of power and increase the efficiency of Indian power sector, a Memorandum of Understanding (MoU) has been signed between two key departments. The MoU signed between Earth System Science Organization, India Meteorological Department (ESSO-IMD), of the Ministry of Earth Sciences and the Power System Operation Corporation Ltd; (POSOCO), a wholly owned subsidiary of Power Grid Corporation of India Ltd, will facilitate ways for better management of power in the country through an optimum use of weather information or weather forecast in the power sector, said an official release. Under the MoU, the weather forecast information provided by the ESSO-MID shall be used by all the Power System Operators ...