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  Good News! Consumers to get electricity connections inside 15 days in Delhi

Good News! Consumers to get electricity connections inside 15 days in Delhi

The Union Power Ministry on Thursday said it has made mandatory for distribution companies (discoms) to provide power connections to consumers within 15 days in normal conditions, as it highlighted initiatives taken to ease the process of getting electricity.

Delhi govt mulling revoking licences of BSES discoms

Delhi govt mulling revoking licences of BSES discoms

The Delhi government is considering revoking the licences of BSES discoms due to their "dismal" performance.

Delhi to join 10th Earth Hour on March 19

Delhi to join 10th Earth Hour on March 19

As the Earth Hour coincides with the India-Pakistan match in ongoing T20 World Cup, BSES urged Delhiites to cheer for India while observing the Earth Hour.

Punjab 7th state to join UDAY, to save Rs 5,000 cr

Punjab has become the seventh state today to join UDAY scheme meant for the revival of discoms that will help it save Rs 5,475 crore in the next three years under the programme.

Centre clears new power tariff policy to boost investment, clean energy

Centre clears new power tariff policy to boost investment, clean energy

The Centre on Wednesday unveiled a new power tariff policy which allows 100 percent expansion by existing power plants, passing on levies to consumers and purchase of 100 percent electricity produced from waste.

 

Renewables in limelight in 2015; Discoms' debt remain a worry

Renewables emerged as the light at the end of the tunnel for the power sector, which continued to be bogged down by the debt worries of discoms during 2015 and all eyes are on the ambitious UDAY scheme on whether it can prove to be the much-needed elixir in the New Year. 

Sufficient timely tariff hike must for discom health: Fitch

Sufficient timely tariff hike must for discom health: Fitch

Adequate and timely tariff hikes, and lower aggregate technical and commercial (AT&C) losses are required to sustain structural improvement of power distribution companies, rating agency Fitch says.

 

SBI hails SEBs package, says has no troubled assets to discoms

Banking sector as a whole has a huge exposure to state discoms to the tune of Rs 4.3 trillion in principal alone.

Govt unveils scheme to revive debt-ridden discoms

Govt unveils scheme to revive debt-ridden discoms

The Union Cabinet, headed by Prime Minister Narendra Modi, approved a scheme to ease the financial crunch facing power distribution companies, or discoms, that has impaired their ability to buy electricity.

Cabinet may take up discoms burgeoning debt issue tomorrow

Hit by subsidised tariffs, state electricity discoms are facing cash crunch and are incurring annual losses of about Rs 60,000-70,000 crore.

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Tariff hike not only solution to save discoms: Piyush Goyal

Tariff hike not only solution to save discoms: Piyush Goyal

Stressing the need to hike power prices gradually, Union Minister Piyush Goyal Wednesday said increasing electricity tariffs is not the only way out for the loss-making distribution companies.

Power tariff hikes may help inflation in medium-term: Rajan

Reserve Bank Governor Raghuram Rajan Tuesday said even though an increase in power prices to improve the health of discoms would hurt us in the short-term, it is a sound move for inflation management in medium-term.

RBI working with govt to revive distressed power utilities

Reserve Bank Governor Raghuram Rajan on Tuesday said the bank is working with the Centre and the state governments to revive distressed power distribution companies.

AAP takes credit for static Delhi power tariff

Delhi's ruling Aam Aadmi Party (AAP) on Friday claimed credit after the power regulator announced that electricity tariff for domestic consumers in the capital won't be raised.

States will have to finance loss-making discoms: FM Jaitley

States will have to finance loss-making discoms: FM Jaitley

Making it clear that states will have to finance their loss-making electricity boards, Finance Minister Arun Jaitley on Monday said a plan has been worked out by the Power Ministry and it would now discuss the same with the respective state governments and their discoms.

Goyal vows to make discom stress a 'thing of past'

Goyal vows to make discom stress a 'thing of past'

The Centre is working in collaboration with states to find out a permanent solution to make stress of discoms a "thing of the past", Power and Coal Minister Piyush Goyal said here Tuesday.

PM Modi to meet power producers today to review their performance

PM Modi to meet power producers today to review their performance

Prime Minister Narendra Modi will meet power producers like NTPC and NHPC on Tuesday.

PM Modi meets officials of power utilities to tackle mounting debt

PM Modi meets officials of power utilities to tackle mounting debt

The combined debt of power distribution companies (discoms) stands at over Rs 3 lakh crore. Faced with acute financial stress, many of these are unable to buy power.