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Power distribution companies News

25 Nov 2015

Sufficient timely tariff hike must for discom health: Fitch

Adequate and timely tariff hikes, and lower aggregate technical and commercial (AT&C) losses are required to sustain structural improvement of power distribution companies, rating agency Fitch says.

05 Nov 2015

Govt unveils scheme to revive debt-ridden discoms

The Union Cabinet, headed by Prime Minister Narendra Modi, approved a scheme to ease the financial crunch facing power distribution companies, or discoms, that has impaired their ability to buy electricity.

04 Nov 2015

Cabinet may take up discoms burgeoning debt issue tomorrow

Hit by subsidised tariffs, state electricity discoms are facing cash crunch and are incurring annual losses of about Rs 60,000-70,000 crore.

04 Nov 2015

Govt to unveil big power reforms in next couple of days: FM Jaitley

Jaitley said India is generating more power than it needs. "First time in history, we have surplus resource. The generation companies are in difficulty because there are no takers of power."

07 Oct 2015

Tariff hike not only solution to save discoms: Piyush Goyal

Stressing the need to hike power prices gradually, Union Minister Piyush Goyal Wednesday said increasing electricity tariffs is not the only way out for the loss-making distribution companies.

29 Sep 2015

RBI working with govt to revive distressed power utilities

Reserve Bank Governor Raghuram Rajan on Tuesday said the bank is working with the Centre and the state governments to revive distressed power distribution companies.

21 Sep 2015

States will have to finance loss-making discoms: FM Jaitley

Making it clear that states will have to finance their loss-making electricity boards, Finance Minister Arun Jaitley on Monday said a plan has been worked out by the Power Ministry and it would now discuss the same with the respective state governments and their discoms.

14 Sep 2015

PM Modi to meet power producers today to review their performance

Prime Minister Narendra Modi will meet power producers like NTPC and NHPC on Tuesday.

14 Sep 2015

PM Modi meets officials of power utilities to tackle mounting debt

The combined debt of power distribution companies (discoms) stands at over Rs 3 lakh crore. Faced with acute financial stress, many of these are unable to buy power.

05 Oct 2014

DERC to review fuel surcharge, tariff may go up in November

Power tariff in the city may go up next month as Delhi Electricity Regulatory Commission is all set to levy a fuel surcharge to help the private distribution companies adjust their power purchase cost.

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