T&D News
Tata Power’s Odisha power distribution JV to start soon
The joint venture for power distribution in Odisha is likely to commence operations soon, Tata Power said in a statement while announcing the company’s financial performance for FY20.
Industry welcomes stimulus package to discoms
- May 14, 2020
The industry has welcomed the stimulus package announced for power distribution companies. This is part of the Rs.20 trillion special economic package announced by the Prime Minister on May 12, 2020. This package, aimed at alleviating the economic stress caused by the COVID-19 crisis, is a combination of monetary and fiscal measures.
EESL helps discoms achieve billing efficiency
- May 13, 2020
Energy Efficiency Services Ltd (EESL) has enabled electricity distribution companies (discoms) to achieve around 95 per cent billing efficiency by using smart meters amid this lockdown, a release from EESL said. smart meters also helped realize a 15-20 per cent average increase in monthly revenue per consumer.
IndiGrid board approves acquisition of GPTL from Sterlite Power
- Apr 10, 2020
The Board of the Investment Manager of IndiGrid, India’s first InvIT in the power sector, has approved the acquisition of Gurgaon Palwal Transmission Ltd (“GPTL”) from Sterlite Power, at a value of up to Rs.10.80 billion (US$ 140 million). This acquisition would increase the AUM of IndiGrid by 10 per cent to US$ 1.75 billion.
CERC cuts late payment surcharge for discoms
- Apr 3, 2020
The Central Electricity Regulatory Commission (CERC) on April 3, 2020, ordered reduction in late payment surcharge (LPS) payable by discoms to generation and transmission companies to 1 per cent per month from the earlier 1.5 per cent, for delayed clearance of dues. The move comes in the wake of the Coronavirus lockdown.
