The Modi government’s Ujjwal Discom Assurance Yojana (UDAY) scheme for power distribution reforms has started bearing fruits with major improvement witnessed in both financial and operational performance of debt-laden discoms, research and ratings agency India Ratings has said. “India Ratings and Research’s initial assessment of UDAY scheme suggests both financial outcome (gap between Average Cost […]
Continue Reading... No Comments.A total of 41 under-construction hydro electric projects (above 25 MW) with a combined capacity of 11,792.5 MW are running behind schedule, Parliament was informed today. “Presently, 41 HEPs (above 25 MW), aggregating to 11,792.5 MW, are under construction in the country. All the above projects are running behind schedule,” Power Minister Piyush Goyal said […]
Continue Reading... No Comments.NHPC’s 330-mw Kishanganga hydel power plant is likely to be commissioned in six months while the 880-mw Parbati –II hydro project will begin operations by October next year, Union power minister Piyush Goyal said on Monday. The two projects in Jammu & Kashmir are scheduled to generate 4458.69 million units additional power once operational, he […]
Continue Reading... No Comments.Australian infrastructure investor IFM is seeking to sell two gas-fired power plants, looking to exit the long-term investment amid uncertainty over Australia’s climate and energy policy, two industry sources said. The sale of the Ecogen assets comes as gas and power prices are soaring, while state and national leaders brawl over carbon emissions targets and […]
Continue Reading... No Comments.A severe crackdown on electricity theft following the implementation of the centre’s flagship scheme Ujjwal Discom Assurance Yojana (UDAY) has led to a growth of 28.5 per cent in power bill earnings for Uttar Pradesh in the first quarter ended June, the power ministry has said. The state’s collection of power supply revenue grew to […]
Continue Reading... No Comments.The Union power ministry has asked states to slash electricity losses due to theft and technical reasons to below 10% within six months, an ambitious target given that some towns in Uttar Pradesh, Jharkhand and Bihar lose up to 90% of power. The target was put before the states in a review, planning and monitoring […]
Continue Reading... No Comments.The Union power ministry has asked states to slash electricity losses due to theft and technical reasons to below 10% within six months, an ambitious target given that some towns in Uttar Pradesh, Jharkhand and Bihar lose up to 90% of power. The target was put before the states in a review, planning and monitoring […]
Continue Reading... No Comments.Rajasthan government has approved agriculture connection policy-2017 for power connections to small and marginal farmers. As per the new provisions, small and marginal farmers belonging to below poverty line (BPL) category will get priority over others in receiving agriculture connections of 5 horsepower. Farmers living on the periphery of Indira Gandhi Canal Project who are […]
Continue Reading... No Comments.The government plans to gradually withdraw all the incentives for the renewable energy sector over the next five years, a move that may face stiff opposition from an industry that is to see significant growth in the coming years. “There will be no targeting of renewable energy after 2022, and we will allow markets to […]
Continue Reading... No Comments.The government has granted major relief to solar power developers, allowing deadlines for project development to be extended in cases where there were delays caused by circumstances beyond their control. Developers had raised an alarm over a letter from the Ministry of New and Renewable Energy (MNRE) this month directing all states to strictly enforce […]
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