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Can RBI print money to revive the economy? It's not that simple

India has a comfortable foreign exchange reserves of $487 billion currently.


25 May, 2020, 10:43 PM IST



Government decides not to fiddle with regulated power tariff

The power ministry is now considering giving broad guidelines to the CPSEs but it will not fiddle with regulated revenue, specifically RoE, of the power transmission and generation assets, he said.

CERC to fix provisional tariff hike

Lenders and power companies have said that most projects have not placed orders for the equipment and hen...

Revised tariff policy likely to be rolled out within a month, says Power Minister R K Singh

The government intends to provide '24X7 Power to ...

  • The scheme will come with a gross budgetary support of Rs 1.2 lakh crore over five years will be result-oriented where the distribution companies will invest first and get money later, he said. Singh also said a group of ministers headed by home minister Amit Shah has cleared the National Tariff Policy that would soon be sent to the Union cabinet for consideration.

    Regulated power plants may have to take a tariff haircut on return on equity and fixed costs, as the government is considering a demand from electricity distribution companies to lower costs amid the Covid-19 pandemic.

    "Golden chapter added in Indian Renewable Energy story, as e-RA for 400 MW RE Projects with Round the Clock (RTC) supply conducted by SECI Ltd results in historic 1st year tariff of Rs 2.90/kWh. MNRE makes a new beginning towards firm, schedulable & affordable RTC supply through 100 per cent RE power," Power and New & Renewable Energy Minister R K Singh said in a tweet last evening.

    Last month, the Ministry of New and Renewable Energy removed tariff ceilings from renewable energy tenders will give the beleaguered industry a much-needed leg-up. The tariff ceiling was one reason cited by the industry players for poor participation in tenders by Solar Energy Corporation of India, thus slowing down the pace of capacity addition.

    Vena Energy, Juniper Energy and Tata Power won 40MW, 190MW and 120MW at tariffs of Rs 2.61, Rs 2.63 and Rs 2.64 per unit, respectively in an auction conducted by Gujarat's main distribution company, Gujarat Urja Vikas Limited (GUVNL) on Wednesday for 350MW of solar capacity.

    Indian green power firms can no longer take for granted that the tariffs at which they won projects in auctions will actually be adopted, Ranjit Gupta CEO of solar developer Azure Power told ET, citing it as a challenge for the sector.

    In an eerie feeling of deja-vu some 20 months on, the latest auction of storage-based solar project with assured peak-hour supply may have driven another nail into the coffin for coal by setting a world record for cheapest solar storage power.

    The Anil Ambani-led Reliance Group is looking to sell assets to pay off lenders.

    Tata Power Co has given power distribution companies in five states that buy electricity from its 4,000-MW Mundra plant time until March 20 to decide on accepting higher tariffs, after which the company will decide on continuing supplies to them.

    Removal of the ceiling tariff has been a long standing demand of the industry. Developers maintain that tariffs are too low and it restricts them from participating as well as stymies the progress of renewable energy.

    Solar energy just beat coal-based power hollow, and would do so even if taxes and cesses on coal were lifted.

    Privatisation, which is one of the potential impacts of the amendments, is also the preferred narrative of the govt to deal with Covid–19 pandemic. The Finance Minister, has recently announced that Union Territories will soon have private discoms and the same model will be subsequently replicated in various states. But are these steps enough?

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