DISCOM collections expected to be hit during lockdown: Ind-Ra. Domestic Solar PV panel production hasn’t picked up during the 2 years of safeguard duty.
Coronavirus crisis: Maharashtra Govt announces 8% cut in electricity tariff for 5 years. Maharashtra: MERC rejects MSEDCL’s demand for a grid support charge.
Coronavirus crisis:
India’s energy consumption falls 26% in less than 10 days. Relief for DISCOMs announced. Spot power price falls to 3 year low on IEX.
Coronavirus crisis:
Renewable energy supply chain disruption to be treated as Force Majeure. FICCI recommends suspension of NPAs and injection of capital for Power companies.
Power sector ratings downgraded to negative by Ind-Ra. Industries in Maharashtra to get power duty sops.
Renewable energy generation grows 9.46% in January 2020. Safeguard duty on Solar cells to be reviewed. Power trade at IEX up 57% in February 2020.
Core sector grows 2.2% in January 2020. Forward & Derivative Contracts trading to be introduced in the Power sector.
DISCOMs’ outstanding due rise 50% to Rs. 88,177cr in December 2019. Power demand up 7.5% in first half of February 2020. MNRE to provide relief for Solar power projects delayed due to the Coronavirus outbreak.
Power Tribunal proposed for payment disputes. Effective custom duty on Solar PV cells reduced back to zero by MNRE.
Electricity Supply rises in January after five months of decline. 7,592 MW of renewable capacity commissioned up to December 2019.