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Jagan Mohan Reddy ‘s government in Andhra Pradesh has decided to withdraw subsidy to power distribution companies towards agriculture power supply every year.(ANI FILE PHOTO)

Jagan govt withdraws subsidy to Discoms, to directly transfer power bill amount to farmers

Hindustan Times, Hyderabad | By Srinivasa Rao Apparasu
PUBLISHED ON SEP 02, 2020 08:25 PM IST
The free power supply to agriculture was introduced in combined Andhra Pradesh during the regime of late Y S Rajasekhar Reddy.
The Union power ministry has highlighted to the 15th Finance Commission the need for a recalibration of borrowing limits for states under the Fiscal Responsibility and Budget Management Act.
The Union power ministry has highlighted to the 15th Finance Commission the need for a recalibration of borrowing limits for states under the Fiscal Responsibility and Budget Management Act.

Govt to ease borrowing cap in relief for discoms

Livemint | By Utpal Bhaskar
UPDATED ON JUL 29, 2020 06:55 AM IST
The draft cabinet note seeks a one-time exemption for discoms from the conditions for accessing working capital under UDAY.Discom dues have hit power producers and contributed to the stress in the banking sector
PFC and REC have $80 billion by assets and are the largest lenders to the power sector.(Mint Archives)
PFC and REC have $80 billion by assets and are the largest lenders to the power sector.(Mint Archives)

Central govt plans to tighten the screws on debt-ridden discoms

Livemint | By Utpal Bhaskar
UPDATED ON FEB 24, 2020 07:52 PM IST
Power ministry calls for tougher norms and regulations, involving amendments to the Companies Act.Govt is working on reforms to instil financial discipline at state-owned power distribution firms
The discoms will also be liable to pay compensation to the generation companies if the RLDC/SLDC is not able to schedule and dispatch power due to a discom not opening and maintaining the LC with adequate credit.(Representative image)
The discoms will also be liable to pay compensation to the generation companies if the RLDC/SLDC is not able to schedule and dispatch power due to a discom not opening and maintaining the LC with adequate credit.(Representative image)

UP: Discoms told to maintain letter of credit

Hindustan Times, Lucknow | By Brajendra K Parashar
PUBLISHED ON JUL 01, 2019 04:38 PM IST
The Central government has made it compulsory for power distribution companies to open and maintain a Letter of Credit (LC) as a mechanism to ensure timely clearance of bills of power generating companies.
The high demand persisting over the past one week has also forced discoms to carry out load shedding in some areas, while a few other places have faced power cuts due to local faults.(Getty Images/iStockphoto)
The high demand persisting over the past one week has also forced discoms to carry out load shedding in some areas, while a few other places have faced power cuts due to local faults.(Getty Images/iStockphoto)

Power demand in Delhi reaches new high at 6,934 MW

New Delhi, Hindustan Times | By HT Correspondent
UPDATED ON JUN 09, 2018 01:15 PM IST
Officials in Delhi government’s power department said they were expecting the peak electricity demand to cross 7100MW this summer and they were prepared to meet it.
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