Power PSUs to facilitate solar generation by acquiring land for solar parks. Rs 360cr of subsidies handed out to buyers of electric and hybrid vehicles under FAME.
Four new power grids to alleviate Power shortage in UP. BSES exploring peer-to-peer Solar power trading in Delhi.
Non-coal Power generation rising in India. Tamil Nadu’s renewable power obligation set at 21% for 2021-22. Delhi awaits EV policy as odd-even rule takes effect.
Power generation falls 3.4% year-on-year in September. UP Govt. plans to install prepaid electricity meters starting November 15.
India to spend $1.4 trillion on infrastructure in the next 5 years: Finance Minister. Rs. 1 lakh crore bad loans debilitating India’s power sector: TERI.
Demand for Power Transmission & Distribution equipment forecasted to grow at 8.2%. DISCOMs improve ratings with better service and less losses.
Companies’ revenue growth across Power sector expected to slow down to 3-4 per cent. Average spot power price at a two-year low of Rs 2.77/unit in September: IEX.
Corporate tax cut to result in Rs. 2,500 cr savings for DISCOMs. Power GENCOs’ outstanding dues on DISCOMs rise 57% in August. Core sector output declines by 0.5% in August.
Madhya Pradesh Govt. plans to privatise power to mitigate losses. Regulator asks Chandigarh UT Electricity department to conduct audit. Chandigarh UT extends Solar Installation deadline.
Capacity utilisation to rise as power demand to hover between 6-7%. Tamil Nadu unveils EV policy with concessions for consumers and manufacturers. Global renewable energy capacity additions to grow by 12% this year.