Coronavirus crisis: Renewable energy supply chain disruption to be treated as Force Majeure
All implementing agencies under the Ministry of New & Renewable Energy (MNRE) have been directed to treat the delay caused by disruption in supply chains due to the ongoing Coronavirus crisis, as Force Majeure.
“The Renewable Energy implementing agencies may grant suitable extension of time for projects, on account of coronavirus, based on evidences or documents produced by developers in support of their respective claims of such disruption of the supply chains due to spread of coronavirus in China or any other country,” said the MNRE.
Coronavirus crisis: FICCI recommends suspension of NPAs and injection of capital for Power companies
The potential impact of the ongoing Coronavirus pandemic on power demand and thus, a further detriment to the health of the DISCOMs which are already in financial distress has led to the domestic industry asking the Govt. for capital injection for power gencos payments and suspension of non performing assets (NPAs).
“In light of the current situation, it is urged that the central government considers giving the states a capital injection to pay power generating companies, if necessary, by relaxing state fiscal limits,” Federation of Indian Chambers of Commerce and Industry (FICCI) said in a note addressed to the Govt.
Coronavirus crisis: Peak power demand in Maharashtra increases as work-from-home policy is pushed in Metros
The demand for electricity, especially from residential users, has crossed 20,000MW as a work-from-home policy is pushed in the metro regions of Maharashtra in wake of the coronavirus pandemic.
According to the state DISCOM, MSEDCL, the peak load consumption, which is usually around 17,000 to 18,000MW increased to 20,573MW during the weekend and has subsequently gone up to 20,747MW.