Girish Madan from Fitch Ratings discusses the rise in profits for Gencos through factors like lower commodity prices and reduced solar module prices. He emphasizes the ongoing shift towards renewable generation in the power sector for enhanced profitability. He says: "Going forward, we see some push on the renewable as well as on the thermal power generation front."
Discoms’ outstanding dues to gencos rise 4.4 pc to Rs 1,21,030 cr in January : Rashtra News #Discoms #outstanding #dues #gencos #rise #January Discoms in Rajasthan, Uttar Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Jharkhand and Tamil Nadu account for the major portion of dues to gencos, the data showed. Total
The last ten years have seen progress in capacity addition, consumer rights, and reduction in losses, but manufacturing facilities for renewable energy and transmission infrastructure are way behind targets.
Data from the Ministry of Power showed that all current payments of gencos are up-to-date and the legacy dues of gencos have come down by 63 percent from Rs. 1.396 lakh crore to Rs. 51,268 crore in just over a year since the late payment surcharge rules were notified.