Concessional loans to be offered to clear DISCOM debt to GENCOs
The center is considering a plan which would help settling rising DISCOM dues to power generation companies which have been facing increasing financial stress in part due to a demand slowdown.
This new plan involves state-run lenders Power Finance Corporation (PFC), Rural Electrification Corp. Ltd. (REC) and Indian Renewable Energy Development Agency (IREDA) offering loans at concessional rates to DISCOMs to settle their debts to generation companies and prevent any disruption in power supply.
Peak power demand fell 4% in November: IEX
The ongoing economic slowdown and early onset on winter has led to the peak-time power demand in India falling 4% in November, according to Indian Energy Exchange (IEX).
All India peak power demand in November this year declined by 4% to 156 Gigawatt (GW) over demand of 162 GW in the same period of the corresponding year,” IEX said in its monthly power market analysis released today.
Power generation fell over 12% in October: R. K. Singh
Power generation in India fell by over 12% to 99,887 million units (MU) during October 2019, as compared to 1,13,507 MU during October 2018. Reduction in demand for agricultural activities and a cooldown in the commercial sector has contributed to the same. Parliament was informed in a written reply by Minister of State for Power, New & Renewable Energy, R. K. Singh.
However, power generation during April-October of 2019-20 rose 1.15% to 7,57,946 MU from 7,49,314 MU in 2018-19. As per the figures provided by the minister, 1,06,200 MU electricity was generated in August 2019, which was 0.39 per cent higher than 1,05,793 MU generated in August 2018.