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Tag results for... "000-crore-package"

PFC, REC have sanctioned loans of Rs 1.19 lakh cr, disbursed Rs 45,083 cr to discoms

REC and PFC are extending special long-term transition loans upto 10 years to power distribution companies (DISCOMs) for liquidating outstanding dues Major state discoms which have.......

PFC, REC have disbursed Rs 31,000 cr, sanctioned Rs 1.18 lakh cr to discoms so far

Major state discoms which have benefited from the scheme are UP, Tamil Nadu, Jammu and Kashmir, Telangana, Andhra Pradesh, Rajasthan, West Bengal, Maharashtra etc The relief package has.......

Discom dues rise 3.83% m-o-m in Sep to Rs 1.27 lakh crore

According to an analysis done by PSU Watch, the increase in outstanding dues has been consistent, except for an aberration in July There has been a decline in the percentage increase in.......

Rs 90,000-crore package: PFC, REC have disbursed Rs 24,674 cr to discoms, says RK Singh

To provide relief to consumers, the government intervened through the provision of rebates worth Rs 2,985 crore to discoms through CPSUs, said the minister These companies were also.......

CII asks govt to hold back loans to Andhra discoms under Rs 90K cr package

The outstanding dues of Andhra Pradesh discoms stood at Rs 4,466 crore at the end of June, official data showed The CII told the minister that Andhra Pradesh discoms have made.......

Govt asks gencos, transcos to charge late fee less than 12% per annum from discoms

The rate of LPS in many cases ranges upto 18 percent per annum and has adversely impacted discoms during this difficult phase of lockdown, said an official statement This will help.......

Rs 90K crore package: Cabinet eases working capital limit for discoms to get loan

The move will allow more discoms to seek funds under the package One-time relaxation would help in providing liquidity to the power sector and ensure payments by state governments to.......

Rs 90,000 cr package: PFC, REC sanction loans to discoms worth Rs 68,000 cr in 1st tranche

Uttar Pradesh (UP) has claimed the largest chunk of funds under the Rs 90,000 crore package and has placed a request for a loan of Rs 20,000 crore The Rs 90,000-crore relief package is.......

CEEW: UP’s debt-ridden discoms can save Rs 900 crore annually

The CEEW study also highlighted that Uttar Pradesh’s discoms incurred an expenditure of Rs 3,000 crore in FY 2018-19 as stranded fixed charges Trimming down power purchase costs,.......

Discoms seek Rs 93,000 cr from PFC, REC under Aatmanirbhar Bharat package

Four of the loan requests are in the advanced stage of completion of formalities and the first tranche of disbursements are expected to take place in the next 10 days While Andhra.......

NTPC to forego Rs 1,363 crore as part of rebate to discoms on fixed charges

The 20-25 percent rebate was proposed by the government in order to ease the debt burden on discoms whose revenue collection was hit due to the lockdown The rebate was part of a slew of.......

CRISIL says Rs 90,000-cr package is good but time is of essence. Wait, what?

The risk would be higher for ~9.4 GW of capacities (with debt of ~Rs 49,000 crore) because their liquidity cushion is so low, said Crisil The Rs 90,000 crore liquidity injection to.......

Revision of tariffs must to address debt burden facing power sector: Anil Razdan

The former Power Secretary said that the policy announcements need to be accompanied with subsequent correction in tariffs Razdan said that it is important to ensure that both the.......

PowerGrid to place 20-25% rebate proposal before board in next meeting

Along with announcing a Rs 90,000 crore package, the government had asked PowerGrid to offer a rebate of 20-25% on inter-state transmission charges The proposal is part of a slew of.......

EXCLUSIVE: Here’s the set of riders discoms will have to fulfil to avail Rs 90,000-crore package

The long-term transition loan only be extended to borrowers who do not have any overdues in the books of PFC and REC The payment shall be released directly to gencos, IPPs, transcos.......