TBCB projects see welcome revival after year-long hiatus
Very recently, Power Grid Corporation of India Ltd (PGCIL) won three transmission projects under the tariff-based competitive bidding (TBCB) mechanism.
Very recently, Power Grid Corporation of India Ltd (PGCIL) won three transmission projects under the tariff-based competitive bidding (TBCB) mechanism.
In a significant development, Securities & Exchanges Board of India (SEBI) very recently granted the certificate of registration to “Powergrid Infrastructure Investment Trust”, an infrastructure investment trust (InvIT) sponsored by Power Grid Corporation of India Ltd. (PGCIL)
In recent weeks, there were two significant episodes regarding privatization of power distribution—a traditionally controversial subject in India’s power sector.
Today, the private sector is the biggest owner of coal-fired power capacity with a share of 37 per cent. By December 2023, this share will drop to 32 per cent. State government entities with a projected share of 35 per cent will constitute the single-largest ownership.
On October 5, 2020, all employees of related to the electricity department of Uttar Pradesh threatened to boycott work. They were protesting against the proposed privatization of Purvanchal Vidyut Vitran Nigam Ltd (PuVVNL), one of the state government-owned distribution companies in the northern state.
According to the latest information available on the government portal PRAAPTI, the total dues of state government-owned power distribution companies (discoms) as of July 31, 2020 was nearly 37 per cent higher than the comparable level in 2019.
There is a striking similarity between the ongoing pandemic outbreak and the electricity supply chain. They both have touched every human life, impacted society and affected economic activity.
Production of electrical machinery has rebounded in June 2020, when compared to May 2020, as judged from recently-released official statistics.
Let us momentarily leave the devastation caused by the COVID-19 pandemic in terms of human life and economy aside. One must admit that the pandemic has imparted several lessons ranging from how humans should lead their lives right up to how nations should be run.
In his very influential book “Small is Beautiful,” first published in 1973, British economist E.F. Schumacher championed the cause of small and appropriate technologies. He argued that such technologies can empower the people more than so-called modern technologies that are not sustainable in the long run.