In actual terms, the demand fell around 43 GW on Thursday compared to the same day a year ago. However, the data showed that peak power demand met has stabilised around 120 GW after March 22. The government has imposed 3-week lockdown to fight the pandemic from March 24.
For power purchase agreements signed on tariff-based competitive bidding, the relief on the Late Payment Surcharge for payment which becomes delayed beyond 45 days during the lockdown period will be claimed in terms of the force majeure provisions of the contracts.
Home to a quarter of China's steelmaking capacity, Hebei has been seeking to upgrade its industrial structure by turning to less-polluted and higher-value-added sectors including equipment manufacturing for metro and wind turbine.
A US government agency has delayed issuing a permit for the Gemini solar power project in Nevada, one of the country's largest proposed solar farms, over concerns about its impact on a historic region traversed by settlers of the American West.
Ethiopia's Tulu Moye Geothermal plant, which signed the deal with the government, expects to start generating 50 MW of power when the first phase is completed in February 2023, rising to 150 MW at full completion in 2025.
Lockdown no excuse as it doesn’t impact utilities, say power producers. The Central Electricity Regulatory Commission is expected to issue an order that might reduce the late payment surcharge payable by discoms to power projects. The troubled power sector will be mired in a new set of legal cases if the issue is not amicably resolved.
In the letter, the ministry said the power ministry has recently issued instructions providing for a moratorium to distribution companies or discoms for making payments to electricity generating companies in the wake of COVID-19 outbreak and the following nationwide lockdown.
Some state discoms had invoked the ‘force majeure’ clause in their PPAs in recent days asking generating companies not to supply electricity nor expect any payment till further notice because the nationwide lockdown is preventing them from collecting payments from consumers.
Among the 300 projects that were approved, 35 are onshore wind projects with a total capacity of 750 megawatts, while the rest are solar.
While the power regulator has exempted the rooftop units from Grid Support Charges (GSC) till the cumulative installation of 2000 MW, the association has said the decision will give a breather to the rooftop solar industry.
Europe's largest wind turbine makers on Wednesday said they had shut down more factories in Spain, a major hub for the continent's renewables sector, in response to an almost total lockdown in the country to contain the coronavirus outbreak.
State power minister Srikant Sharma on Wednesday extended the payment period to April 30 for bills generated generated between March 1 and April 14. He also waived surcharge on late payments.
UP power minister Srikant Sharma said that the decision has been taken to offer the sop to industries which were hit by the lockdown in the wake of coronavirus pandemic.
Firstly, a joint venture will be incorporated by Adani Green Energy and, subsequently, the direct and indirect subsidiaries of Adani Green will be transferred to the joint venture. The second step involves direct or indirect acquisition of 50 per cent of the equity share capital of the joint venture by Total S.A
Power companies say distribution companies have misinterpreted a statement issued by the Union power ministry last week invoking its special powers to direct the central power regulator to provide three-month moratorium to make payments to generating companies and transmission licensees and not to levy penal rates of late payment surcharge.
The Tata group’s power utility has announced in September that it will exit its investment in Cennergi by selling its stake to the joint venture partner.
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