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Shock for consumers, electricity bills to soar 25% in this state
Mon, Aug 13, 2018
The Maharashtra State Electricity Distribution Company Ltd (MSEDCL), or MahaDisCom, consumers could end up paying up to 25% more than what they are currently shelling out as the state-run company wants to recover gap in revenue of Rs 34,646 crore for fiscals 2015- 2020.
Power sector may cause further stress for banks
Thu, Sep 28, 2017
Demand for power sector is seen tepid for five fiscal years. Analysts expect that stress assets can further arise from this sector and make banks cautious in lending.
Viability of renewable energy projects worth Rs 48,000 crore hang in balance as banks turn cautious on lending
Mon, Aug 28, 2017
Power sector which accounts for nearly 35% of banks stressed assets may make them cautious in lending further due to discoms relatively strong financially are renegotiating PPA tariffs.
States take over Rs 2 lakh crore of DISCOMs debt via UDAY scheme
Wed, Aug 16, 2017
Participating States of UDAY have taken over the targeted debt of Rs 2.09 lakh crores of their DISCOMs under borrowing exemption from the FRBM Act given in UDAY.
Power Minister Piyush Goyal launches web portal, mobile app for UDAY scheme
Wed, Jan 04, 2017
With an aim to protect state power distribution companies suffering financial losses and to boost their operational revenues, Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines Piyush Goyal on Wednesday launched the web portal and the mobile app for UDAY
Delhi Govt summons Anil Ambani; says power cuts must stop
Mon, Jun 20, 2016
Power Minister of Delhi Satyendar Jain has written a letter to the Reliance ADA Group’s chairman Anil Ambani terming the performance of BSES as “atrocious”. In the letter, Jain alleged corruption and financial irregularities including siphoning off funds by the company.
CIL's coal price hike to push power tariff by 8-10%, says Tata Power
Sun, Jun 12, 2016
"Coal price has increased from 13% to 19%. So the minimum increase that will happen, will be 13% for thermal," Tata Power CEO and Managing Director Anil Sardana told PTI in an interview.