Paradox of surplus power in India: 30 crore people still without electricity, writes V. K Gupta

India has moved from being a country perennially short on power to one power surplus country which also exports power and this may be a major step towards reliable electricity supply and universal access. Despite this, the power sector in the country is facing several serious challenges as well. In the urban areas, the average power cuts are to the tune of 25 hours in a month whereas in rural areas the supply...

Easy-money tap shuts for discoms

The government’s move to stop institutional loans to state electricity distribution companies (discoms) unless they draw up a roadmap for loss reduction and adhere to it augurs well for stakeholders across the sector.   The Power Finance Corporation (PFC) and the Rural Electrification Corporation (REC) have to strictly adhere to prudential norms and review existing loan utilisation carefully before g...

Power employees and engineers to hold massive rally in Delhi on Tuesday

On the call of National Coordination Committee of Electricity Employees and Engineers (NCCOEEE), more than 50 thousands power employees and engineers from all states of the country will participate in a rally to be held in Delhi on Tuesday. V K Gupta, a spokesperson of All India Power Engineers Federation (AIPEF), said earlier rallies were held throughout the country at the state capitals on March 14 again...

Power employees and engineers from across country protest against privatization

The Power Employees and Engineers from across the country today held a rally at Jantar Mantar in protest against the Electricity (Amendment) Bill 2014 and Privatisation today. The different unions unanimously decided to observe a day national strike throughout the country during the monsoon session of the parliament and date in this regard will be announced in June 2018. They also opposed privatisation...

Massive Rally of Power Employees at Delhi

NEW DELHI: Power sector employees and engineers from across the country held a massive rally on Tuesday at Delhi against the Electricity (Amendment) Bill 2014 & privatization of power sector by way of franchisee system. The rally was addressed by Padamjit Singh, Shaliender Dubey, Rathnakar Rao and Ashok Rao .The employees had come from across the country including for off states like Kerala, Telan...

Banks stare at $38 billion new dud loans from power sector: Report

MUMBAI: The banking sector, which is already reeling under a mammoth pile of bad loans, is looking at potential dud assets of USD 38 billion from the power sector, as USD 53 billion of the USD 178 billion bank loans to the sector are already stressed, said a report. "Of the USD 178 billion (around Rs 11.7 trillion) of debt of the power sector, USD 53 billion (around Rs 3.5 trillion) are already...

Are electricity tariffs set to rise? This is what’s weighing on power distribution companies

The inability to meet demand in the peak seasons due to a mismatch between renewable energy generation curve and insufficient domestic coal supplies has since long troubled India’s power sector. This year too the scenario doesn’t seem to be much different from the previous years. “We are staring at a huge problem because peak power deficit scenario is unlikely to improve anytime soon,” said Vi...

Coalgate 2.0

The Adani Group reaps benefits worth thousands of crores of rupees as the coal scam continues under the Modi government ...

Power supply in three Maharashtra cities to be privatised

Mumbra-Kalwa is located in Thane district neighbouring Mumbai, Malegaon in Nashik district of north Maharashtra and Akola in Vidarbha region."Adani Transmission, Calcutta Electric Supply Company (CESC) and Torrent Power are interested in taking over the power distribution system in these cities," said Arvind Singh, Principal Secretary, Department of Power. He said the bidding process is already underway ...

Power employees withdraw stir ‘after govt says no privatisation’

 LUCKNOW: The UP Power employees on Thursday decided to withdraw their ongoing agitation following assurance from the state government to drop privatisation of power distribution in five cities, according to power employees federation. “We have decided to withdraw the stir on a written assurance from the UPPCL that Integrated Service Provider tenders for privatisation of power distribution in five citie...