Rs. 22,000cr for power, renewable sector in FY 2020-21: Finance Minister. 20% Customs duty on Solar cells and panels removed.
India tops power generation tenders issued globally in 4th quarter 2019. Power generation to be classified as manufacturing, dropping Corporate Tax to 15%.
Government proposes a Rs. 1.1 lakh crore grant for State DISCOMs. Electricity Act may be amended to ensure DISCOMs honour PPAs.
IEA urges India to adopt National Energy Policy proposed by NITI Aayog. MNRE’s 40GW rooftop solar target unrealistic: Parliamentary Panel.
MNRE issues draft policy for round-the-clock supply of bundled renewable+coal power. Electricity supply down 1.1% in December, 5th straight month of decline.
MSEDCL opposes rooftop solar despite failing to meet targets. Delhi Govt. approves e-vehicle subsidies.
DISCOM’s outstanding dues rise 48% YOY to Rs 81,010 crore in October. Growth in the Renewable sector in India slumps to 5 year low. Power reform ordinance may be introduced as states stay divided.
DISCOMs under severe financial stress: Ind-Ra. Electricity demand in India falls for the 4th straight month.
Concessional loans to be offered to clear DISCOM debt to GENCOs. Peak power demand fell 4% in November: IEX. Power generation fell over 12% in October: R. K. Singh.
India’s electricity generation capacity reaches 365 GW. Real-time trading of electricity in India from FY 2020-21: CERC Chairman.