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LATE PAYMENT SURCHARGES
Adani Power or NTPC? Macquarie initiates coverage on 3 power stocks, hikes target prices for 3 othersAs rising temperatures drive electricity demand across India, Macquarie sees the power sector entering a broad regulatory and operational r...- Timely payments by state discoms aiding power gencos: Moody'sElectricity distribution companies are showing better payment habits. This is helping power generators receive payments on time. Key operat...
- Vedanta arm Talwandi Sabo Power faces Rs 127 crore penaltyVedanta's subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corpor...
- From shortage story to cash-flow story: A sector ready for sustained re-rating? 5 power stocks with upside potential of up to 33%In the power sector, the next cycle will not reward whoever has the most installed megawatts. It will reward whoever can sign the right con...
- Discom legacy dues drop to Rs 3,300 crore from Rs 1.39 lakh crorePower distribution companies have drastically cut their old dues. Legacy arrears have fallen from over Rs 1.39 lakh crore to just Rs 3,300 ...
- Power sector's legacy dues fall to Rs 4,109 crore in FebruaryPower sector legacy dues have seen a dramatic reduction. From Rs 1.40 lakh crore in June 2022, outstanding amounts have fallen to Rs 4,109 ...
- Delhi government unveils water bill amnesty scheme: Full and partial waivers for domestic consumersDelhi residents can now benefit from a water bill amnesty scheme, offering a full waiver on late payment surcharges if paid by January 31, ...
- Delhi CM Rekha Gupta announces 100% waiver on late payment charges on water bills till Jan 31 next yearDelhi Chief Minister Rekha Gupta announced a Diwali gift for residents. A complete waiver on late payment surcharges for water bills is off...
- Govt amends rules to mandate gencos to give surplus power to exchangesThe government has amended the Electricity (Late Payment Surcharge and Related Matters) Rules of 2022 to ensure adequate supply of electric...
- Discoms' dues down by a third to Rs 93,000 crore in less than a year of enforcing Late Payment Surcharge RuleThe outstanding dues of electricity distribution utilities (discoms) have decreased by one-third to around Rs 93,000 crore in less than a y...
- Delhi govt to waive late payment surcharge on water bills till Dec 31The Yamuna flows through Delhi from Palla in the north to Jaitpur in the south, covering a distance of 48 kilometres. Between Wazirabad and...
- Power discoms' outstanding dues towards gencos to be eliminated by 2026, says R K SinghSingh explained that the government has put a very robust payment security mechanism for the power sector knowing about the perennial issue...
- Discoms can now settle dues through EMIs within four yearsWhile discoms with over ₹10,000 cr of dues can clear them in 48 EMIs, the ones in the range of ₹4,001-10,000 cr can pay them in 40 months. ...
- Power Minister asks Gencos to waive late fee on discom duesAs per the proposed scheme, a one-time relaxation is being considered to be given to all the discoms wherein the amount outstanding, includ...
- Power Ministry mulls new scheme for discoms to pay off dues; can save Rs 19k cr late payment surcharge"The inability of Discoms to pay dues impacts the entire value chain of the power sector. Considering this situation, the Ministry of Power...
- Power plants may get to stop supply to defaultersIndustry experts said the provision, being included in draft Electricity Late Payment Surcharge, 2021, will benefit power generators that d...
- Power Ministry reduces discom penalties to 5% over SBI lending rateAs per the rules issued on Monday, Late Payment Surcharge shall be payable on outstanding dues at the base rate, which is five percent over...
- CERC voices concerns on jurisdiction overlap; says MoP's draft rules on late fee not tenableThe development comes in the backdrop of divided views in the industry on government intervention in regulatory matters. Sections of the in...
- Covid-19: Delhi govt extends water bill waiver scheme till Sept 30Under the scheme, launched in August last year, all categories of houses get an exemption from late fee payments, while their pending water...
- Delhi government gives relief to water consumers, Rs 186 crore waived offThe AAP government has already announced that it will also provide 20,000 litres of free water to every household per month.
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