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    India To Pass Tough Measure To Cut Electricity Debt By $75bn

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    Japan Needs Alternative Energy To Avoid Shortages-Fitch

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    Australia Has Mapped Out Its First Ever Offshore Wind Zones

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    Global Coal-Fired Electricity Making Hits New Peak In 2021

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    To Get Net Zero By 2070, India Needs To Invest $20 Trillion

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    German Chancellor Says Growing Nuclear Power May Make Sense

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    Central American Development Bank commits $800 million toward the fuel relief effort

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

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    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

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    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    India To Pass Tough Measure To Cut Electricity Debt By $75bn

    India To Pass Tough Measure To Cut Electricity Debt By $75bn

    Renewable Energy Source Revolution- New Swiss Water Battery

    Renewable Energy Source Revolution- New Swiss Water Battery

    Data Indicates New England Small-Scale Solar Shifting Needs

    Data Indicates New England Small-Scale Solar Shifting Needs

    Japan Needs Alternative Energy To Avoid Shortages-Fitch

    Japan Needs Alternative Energy To Avoid Shortages-Fitch

    Increased Land Opening For Onshore Wind Turbines In Germany

    Increased Land Opening For Onshore Wind Turbines In Germany

    Australia Has Mapped Out Its First Ever Offshore Wind Zones

    Australia Has Mapped Out Its First Ever Offshore Wind Zones

    Global Coal-Fired Electricity Making Hits New Peak In 2021

    Global Coal-Fired Electricity Making Hits New Peak In 2021

    To Get Net Zero By 2070, India Needs To Invest $20 Trillion

    To Get Net Zero By 2070, India Needs To Invest $20 Trillion

    German Chancellor Says Growing Nuclear Power May Make Sense

    German Chancellor Says Growing Nuclear Power May Make Sense

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    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

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India To Pass Tough Measure To Cut Electricity Debt By $75bn

in News, Thermal Power
India To Pass Tough Measure To Cut Electricity Debt By $75bn

India is drafting legislation that would increase competition and reduce debt at its power distribution companies. However, it also runs the danger of inciting resentment in a nation where electricity is frequently exploited as a campaign tool.

Key proposals, according to individuals who have knowledge of the matter but who declined to be identified because the specifics aren’t yet available, involve allowing more utilities to function within the same circles, requiring regulatory agencies to establish tariffs based on actual costs, and defining payment processes and deadlines. The proposal will be brought before the legislature during the ongoing session, which continues through August 12.

The administration of Prime Minister Narendra Modi claims that the reform is necessary to clear a sector that is crucial to its goals for the energy transition but is clogged with Rs 6 trillion ($75 billion) in debt. The modifications, according to critics, open the door for large corporations to dominate the market since wealthy clients would shift to private enterprises, abandoning state-run utilities with customers who depend on subsidies.

The All India Power Engineers Federation, an advocacy organisation that develops recommendations for energy policy, is headed by Shailendra Dubey. Power industry employees across the country will go on strike the day the bill is introduced in parliament, he added. This amendment restricts the use of the states’ distribution networks and permits only private enterprises to selectively benefit from profitable distribution circles.

In cases when two or more vendors are present within a single distribution circle, the bill requests that regulators set a floor rate and an upper limit tariff.

Because numerous state governments provide free power to entice voters, the issue is divisive. Politicians then pressure regulators to set artificially low tariffs or local administrations neglect to transfer subsidies, while cash-strapped merchants postpone paying electricity producers, grid operators, and coal vendors, undermining the entire supply chain.

Last week, Prime Minister Modi stated that there were approximately Rs 2.5 trillion in unpaid invoices and encouraged states to pay their debts. The subsidies, according to state governments, protect small businesses and vulnerable individuals. Secretary, Avik Saha, of the All India Kisan Sangharsh Coordination Committee, a farmers’ organisation that has been opposed to the bill for months, stated that electricity is a vital commodity that needs to be regulated and governed and should not be given up to the greed of profit. He claimed that if the bill was forced through, farmers would revolt.

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