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.

 

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.

Govt to unveil big power reforms in next couple of days: FM Jaitley

Govt to unveil big power reforms in next couple of days: FM Jaitley

Jaitley said India is generating more power than it needs. "First time in history, we have surplus resource. The generation companies are in difficulty because there are no takers of power."

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.

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.

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.

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.

AAP asks Delhi govt to publish CAG report on discoms, says its stand 'vindicated'

Amid reports of CAG indicting power discoms in the national capital for inflating dues by Rs 8,000 crore, the Aam Aadmi Party (AAP) on Tuesday asked Delhi Government to take steps to publish the document at the earliest, rationalise electricity tariff and take action against erring companies.

DERC to review fuel surcharge, tariff may go up in November

Power tariff in the city may go up next month as Delhi Electricity Regulatory Commission is all set to levy a fuel surcharge to help the private distribution companies adjust their power purchase cost.

BJP, AAP protecting power distribution companies: DPCC

Congress in Delhi on Sunday alleged that power distribution companies have collected crores of rupees by forcing the consumers to increase the load capacity and called for an impartial probe into the matter.

Delhi Congress warns against any hike in power tariff

Congress on Friday warned against any possible hike in power tariff, saying it will launch a massive agitation if the rates are increased by power regulator DERC, coming under pressure from private power distribution companies.

CAG ready to audit private power distribution companies

As Delhi government ordered an official audit of the private power companies, the CAG has indicated it is ready to go into the finances of the three distribution firms.

Power subsidies should be on states' balance sheets: Scindia

Jyotiraditya Scindia's comments come against the backdrop of many state-run electricity distribution companies (discoms) grappling with precarious financial health.

States need to do their job on discom debt rejig: Scindia

Indicating that the Ministry has done its part in helping with discoms debt rejig, Power Minister Jyotiraditya Scindia on Tuesday said that it was now for the states "to do their job".

India's power grid to become world's largest: Scindia

Optimistic about India's electricity grid becoming the largest in the world, Union Minister Jyotiraditya Scindia has said that checks and balances have been put in place to avoid re-occurrence of any major grid collapse, similar to the one witnessed last summer.

Scindia favours 'carrot and stick' policy for power discoms

In a 'carrot and stick' approach to deal with the power distribution companies, Union Minister Jyotiraditya Scindia has suggested incentivising the discoms that cut down losses from theft and other transmission issues while punishing the bad performers.

Panel meet on Friday; to mull extending FRP deadline to June 30

An inter-ministerial panel will meet on Friday to mull extending the deadline for the government's ambitious debt recast scheme to June 30 for the beleaguered power distribution companies.

Govt mulls separate power suppliers, network providers

In a major move aimed at reducing losses of discoms and improving overall electricity supply, the government is mulling a new model where a power supplier will not manage the electricity distribution network.