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Wind energy companies, Andhra discoms clash over discount

Wind energy companies, Andhra discoms clash over discount

Wind developers are up in arms against Andhra Pradesh discoms for insisting on an arbitrary discount, appropriating a specific benefit the Centre grants renewable energy developers, verbally harping on renegotiating power purchase agreements and threatening not to pay for any excess power provided above an agreed threshold.

"They are compulsorily deducting 2% of the tariff, which is 10 paise per unit of power," said Sunil Jain, President, Wind Independent Power Producers Association (Wippa). "The power purchase agreements (PPAs) we had signed had said that discoms were entitled to 2% discount if they made payment within a week of the power purchase. In fact, payments are made six months late, but for the last two to three months, they have begun deducting the discount anyway. In fact, the PPAs say the discoms should pay a penalty of 2% if payment is delayed beyond two months. Far from paying the penalty, they are enforcing the discount."

 

Leaving Electricity Out of GST Regime Costs Indians Nearly Rs 30,000 Crore a Year

Leaving Electricity Out of GST Regime Costs Indians Nearly Rs 30,000 Crore a Year

Indian consumers will end up shelling out nearly Rs 30,000 crore extra every year towards payment for power consumption unless electricity is brought under the Goods and Services Tax (GST) regime. The reason? Power producers cannot claim credit for taxes and cess paid on coal and coal transportation...

P K Pujari appointed as Central Electricity Regulatory Commission chairman

P K Pujari appointed as Central Electricity Regulatory Commission chairman

Former Union power secretary P K Pujari (1981 Gujarat cadre IAS), who retired in June last year, has been appointed as the chairman of the Central Electricity Regulatory Commission (CERC). Pujari now joins the bureaucrats from the state who have got key postretirement postings at the Centre. Before ...

Coal, renewable, spectrum auctions led to 'winners' curse: Economic Survey 2018

Coal, renewable, spectrum auctions led to 'winners' curse: Economic Survey 2018

The Economic Survey expressed concern over aggressive bidding by private companies for bagging licences for spectrum, coal mining and renewable energy projects.

"In the case of spectrum, coal and renewables, auctions may have led to a winner's curse, whereby firms overbid for assets, leading to adver...

Torrent, Greenko, Adani, Tata eye CESU Odisha sale

Torrent, Greenko, Adani, Tata eye CESU Odisha sale

At least four companies—Tata Power, Adani Group, Torrent Power and Greenko Group—have shown interest in acquiring Central Electricity Supply Utility of Odisha (CESU Odisha), according to two people aware of the development.

The electricity distribution privatization well affect supply electricity to ...

Construction of India’s first grid-scale electricity storage system started

Construction of India’s first grid-scale electricity storage system started

 AES India, a subsidiary of US-based AES Corporation, and Mitsubishi Corp today started construction on India's first utility-scale energy storage system, a 10 Megawatt (MW) facility that will serve the electric grid operated by Tata Power Delhi Distribution Ltd, the power distribution arm of T...

AP power utility moves NCLT against Telangana counterpart over dues

AP power utility moves NCLT against Telangana counterpart over dues

Andhra Pradesh Power Generation Corporation (AP Genco) has filed a petition in the Hyderabad bench of the National Company Law Tribunal (NCLT) for recovery of "dues" of nearly Rs 4,500 crore from Northern Power Distribution Company of Telangana (TS NPDCL).

"We have filed a petition in the NCLT (again...

Delhi - BSES offers Rs.300 Cashback for digital payment of electricity bills

Delhi - BSES offers Rs.300 Cashback for digital payment of electricity bills

In a move to encourage digital payment of electricity bills on time, BSES, one of the two power distribution companies (discoms) in Delhi, on Thursday announced a cashback scheme valid till March-end by which consumers stand to benefit by up to Rs 1,200, at Rs 300 per month, on the three bills till ...

Uttar Pradesh government allows industry to choose power discom

Uttar Pradesh government allows industry to choose power discom

A month ahead of the investors meet in UP, the state government on January 16 offered yet another sop to industries by giving them the option to take power from the power distribution company of their choice.

The power will be wheeled to the industrial units under the 'open access system' for which t...

Access To Electricity Supply Should Be Considered Human Right: Chhattisgarh HC

Access To Electricity Supply Should Be Considered Human Right: Chhattisgarh HC

Access to electricity should be construed as a human right, the Chhattisgarh High Court said recently. “Access to electricity should be construed as a human right, of course, to the requirements to be satisfied under the Electricity laws. Denial of the same, even upon satisfying the requirements wou...

NTPC forced to cancel 250 MW October 2017 solar auction

NTPC forced to cancel 250 MW October 2017 solar auction

 NTPC Ltd has been forced to cancel the result of its 250 mw solar auction held in October last year, which was won by Azure Power quoting a tariff of Rs 3.14 per unit.

The auction was held under the domestic content requirement (DCR) category, where the winning developer has to mandatorily sour...

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