Page 6 - Power Ministry

Power Ministry proposes RPO for round the clock renewable energy

Power Minister R K Singh has proposed renewable purchase obligation (RPO) mechanism for round the clock (RTC) renewable energy, which will promote storage of electricity in the country

Power Ministry advises gencos to cap late payment surcharge at 12%

Power ministry has advised power generation and transmission firms to levy the late payment surcharge on discoms at not more than 12% in view of the stress in the sector amid Covid-19 pandemic

Power sector hopes for reforms at state level as Centre curbs imports

Given the federal structure in the power sector, most states float tenders different from the Centre and adopt separate selection criteria, mostly tilting towards low cost.

Power Ministry joins 'Make in India' pitch, calls for curbs on imports

Customs duty on Chinese solar gears, low cost finance to those using Indian goods

Govt considers imposing customs duty on solar equipment from August

India does not now levy a customs tax on imports of solar cells and modules, most of which come from China

Central govt caps tariff at public charging stations for electric vehicles

The new amendment has capped the 'per unit cost' of electricity to be used for charging an EV at a public station

Buy power here, get it in 1 hour: R K Singh launches real-time power market

This has placed Indian electricity market amongst a league of few electricity markets in the world, which have real time market, he said

Power minister R K Singh asks Rs 3 trillion from finance commission

The minister informed the commission that the old schemes of the ministry are being amalgamated into a new scheme for which he requested Rs 3 trillion over five years.

Rs 90K cr package to provide only temporary relief to discoms: Ind-Ra

Finance Nirmala Sitharaman earlier this month announced Rs 90,000 crore liquidity infusion for discoms, saying that they owe Rs 94,000 crore to power generation companies

Revised tariff policy to be rolled out within a month: Power Minister

The revised tariff policy provides for penalty for unscheduled power cuts, except in the case of technical faults or act of God

Urge all states to take special loan, pass benefit to consumers: R K Singh

Minister of state for power says soft loans at 8-10% interest rate being given to discoms to help them pay dues

Ministry wants power plants to keep buying coal despite weak demand

Electricity consumption slumped 21.3% in the first two weeks of the lockdown ended April 7, compared with the first three weeks of March, according to government data

Discoms obligated to pay for electricity within 45 days: Power Ministry

As per the relief granted last month, the distribution companies will need to either deposit or give Letter of Credit (LoC) for 50 per cent of the cost of power they want to buy

When you switch off lights tonight, here's what Power Min wants you to do

The total domestic lighting demand at an all-India level is estimated at 12-13 GW, which is 10 per cent of the country's total power demand

Centre to relook long-term power sale pacts between generators and states

PPAs are typically of 25-30 years duration. The ministry is designing a policy paper to dwell on the alternative for long-term PPAs.

Power Ministry flags concerns over divesting govt stake in NTPC, PowerGrid

Presently, the govt owns 54.14% in NTPC, 54.96% in PowerGrid and 55.99% in PFC.

Power Minister dedicates 11 renewable energy management centres to nation

Singh also inaugurated the Northern Region Renewable Energy Management Centre (NR-REMC) at a function

Budget 2020: 100% smart prepaid metering trips on target and funds

Power ministry has been planning it for two years, but with limited success

New scheme for power distribution firms likely in Budget, says R K Singh

The minister said benefits under the new scheme would be disbursed if discoms stick to their trajectory for loss reduction

PFC lists $750 million bonds at NSE IFSC; increases foreign borrowing

Looking at resolving 4 more stressed power assets this fiscal