Total amouny owed to gencos at record Rs 1 trillion; scheme enables discoms to pay up in 48 instalments, freezes amount outstanding as on notification date
The employees had called a strike to oppose the move by J&K Power Development Department to privatise the power distribution in the Union Territory and also merge the transmission arm JKPTCL with PGCI
The ministry has said these entities do not fall under the category of govt companies, a view based on the argument that discoms do not perform sovereign functions
New Discoms Reform Scheme: Financially and operationally ailing power distribution companies (discoms) in the country have got another chance of revival with the Rs 3-trillion reform scheme
"We are interested because finally this big country is making it possible for private ownership of power distribution assets," CEO Francesco Starace said
The Centre believes the move would help state commissions adopt best practices; it would also speed up implementation of reforms and regulatory policies
With rains eluding Delhi and the maximum temperature hovering near 40 degrees Celsius, the national capital's peak power demand soared to 6,921 MW on Wednesday, the highest so far this summer season
This year's draft NEP like its earlier versions underlines importance of coal-based power and why it is still too early to retire it despite growth in renewables