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FORGOTTEN HISTORY: Discoms | History Defined

Bernstein cuts PFC, REC target prices as bank competition weighs on loan growth

Bernstein has retained an Outperform rating on Power Finance Corporation (PFC) and REC but cut its target prices and loan-growth estimates, citing stronger competition from banks, slower renewable capacity additions and improving financial health among state-owned DISCOMs. The brokerage lowered its target to Rs 465 for PFC and Rs 410…

The Economic Times

Delhi EV buyers get single-window charging push, wider charging network under new policy

Delhi's new EV policy aims to boost electric vehicle adoption with a single-window clearance for charging stations and encouragement for housing societies to install chargers. OEMs must set up charging points at dealerships. The government will seek central funding for infrastructure expansion, while DISCOMs explore energy storage and time-of-day tariffs…

The Economic Times

TSERC extends power tariff of 2023-24 for 2024-25 too

TSERC issues interim orders for Hyderabad's electricity tariff for 2024-25, directs Discoms to file petitions for ARR determination.

The Hindu

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No power tariff hike except for railways in Andhra Pradesh, says APERC Chairman

APERC in Vijayawada announces no power tariff revision for 2024-25, except for Railways, due to revenue gap.

The Hindu

APERC mandates DISCOMs to pay compensation to victims of electrical accidents even when they are not at fault

APERC amends regulation to facilitate payment of compensation for electrical accidents, even when DISCOMs are not at fault.

The Hindu

A.P. power sector made good progress in 2023-24, says Special CS

AP-Genco, AP-Transco, Discoms and APSPCL released New Year diaries with State's power sector achieving good progress in 2023.

The Hindu

Bhatti says power utilities are in dire straits with debts of ₹81,516 crore

Telangana Govt. reveals Discoms' debts of ₹81,516 crore & accumulated losses of ₹62,461 crore. Deputy CM Bhatti Vikramarka tables White Paper on power sector's financial health.

The Hindu

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Power restoration works going on in full swing in cyclone-hit areas

A.P. Transco & Discoms restore power in cyclone-affected areas; CMs review progress & ask officials to complete works in time-bound manner.

The Hindu

Andhra Pradesh power utilities decide against increasing tariffs despite a revenue gap of ₹13,879 crore

Andhra Pradesh power utilities decide against increasing tariffs despite a revenue gap of ₹13,879 crore. The AP-Transco and Discoms peg their total Aggregate Revenue Requirement for the financial year 2024-25 at approximately ₹56,576 crore. The revenue gap will be bridged as per the recommendations of the APERC, and the financial…

The Hindu

DISCOMs obtain APERC’s nod for Restriction & Control measures in industries sector as a precautionary step

According to official sources, the DISCOMs sought the regulator’s permission to allow a 30% cut on recorded maximum demand in August-2023 or 30% cut throughout the day on contracted demand whichever is higher in respect of CPI.

The Hindu

Seven units of Polavaram power project likely to be commissioned in 2024-25

AP-Genco is leading the way in promoting Pumped Storage Hydropower Projects (PSHPs) with feasibility reports for 33,240 MW capacity. Steps taken to implement Green Hydrogen/Ammonia Policy & procure 7,000 MW solar power from SECI. AP-Transco reduced transmission losses to 2.69%. 15 PSHPs awarded with 16,180 MW capacity to expand RE…

The Hindu

A.P. Minister tells Discoms to focus on reducing T&D losses, recovering dues

Mr. Ramachandra Reddy said the Discoms should launch a special drive to recover the dues from industrial consumers and take steps for the speedy disposal of court cases.

The Hindu

The necessity of electricity distribution companies

The consequences of implementing the reform idea of doing away with the centrality of the Discom must be thought through

The Hindu

Passing on losses of Discoms to consumers affects financial viability of industries, says A.P. Chambers

The trade body, in a letter to Union Minister for Power, flags the clause in the draft Electricity (Amendment) Rules, 2023, and says it is not at all acceptable

The Hindu

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Dynamite News

Delhi LG Orders Removal Of AAP Spokesperson, Other 'Government Nominees' On Board Of Private DISCOMS

Delhi LG VK Saxena has removed AAP spokesperson Jasmine Shah and AAP MP ND Gupta's son, Naveen ND Gupta from the position of 'Government Nominees' on the Board of Private DISCOMS. Read further on Dynamite News:

The Hindu

Andhra Pradesh: TDP flays collection of true-up charges for power

‘The govt. is buying power at exorbitant rates and passing on the burden to consumers’

The Hindu

800 MW unit of power station in A.P. set for commercial operation from October 1

The trial runs during which a maximum load of 268Megawatts was achieved without any major problem.

The Hindu

Ban lifted on TS Discoms’ IEX trading

HYDERABAD

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The Hindu

TS Discoms blame non-reconciliation of accounts by MoP for ban on IEX procurement

On Friday, dues put at ₹52.85 cr without any fresh payments made

The Hindu

A.P. DISCOMs to clear their dues to generators amounting to ₹17,060 crore in a year: special CS (energy) Vijayanand

He said the government entered into an agreement with the SECI to purchase 7,000 MW of power for supplying it to farmers

Dynamite News

Electricity likely to get costlier in Delhi

Electricity in the national capital is likely to get costlier with the increase in the Power Purchase Adjustment Charge (PPAC) by around 4 per cent. Read more on Dynamite News:

The Hindu

AP power utilities to buy 500 to 1,500 MW power from external sources till October

The Southwest monsoon is likely to disrupt coal mining and transportation across the country, hence the preparedness

The Hindu

Discoms under stress to perform

They put up poor show on some key indicators in last quarter

The Hindu

Discoms under stress to perform with new stipulations

They put up poor show on some key indicators in last quarter

The Hindu

State to join Centrally-sponsored power reforms scheme

Decision of the State government conveyed to Union Power Minister R.K. Singh by the Special Chief Secretary (Energy) of the State government Sunil Sharma

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