4
Friday
July 2025
2:11 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Over Rs 70K crore worth of loans sanctioned to discoms under liquidity package: Govt
 
New Delhi, Sep 20 (PTI) As much as Rs 70,590 crore worth of credit has been sanctioned to discoms under the liquidity package for payment of dues by these utilities, Parliament was informed on Sunday.

Finance Minister Nirmala Sitharaman in May this year had announced a Rs 90,000 crore liquidity infusion into cash-strapped discoms for clearing their outstanding dues till March 2020.

Now, the government is in the process of enhancing this package to Rs 1.2 lakh crore factoring in discoms outstanding dues till June this year. Some states had urged the central government to hike this liquidity package by factoring in outstanding dues of April and May as well.

"As against Rs 90,000 crore of liquidity infusion package announced by the government, Rs 70,590 crore worth of loans have been sanctioned and Rs 24,742 crore has already been disbursed/released till September 16, 2020," said Power Minister R K Singh in a written reply in the Rajya Sabha.

The government is infusing liquidity in the power sector through Power Finance Corporation (PFC) and REC Ltd to enable the sector to maintain power supplies as cash flows had plummeted during lockdown imposed to contain the spread of COVID-19.

Under this intervention, the REC and PFC are extending special long term transition loans of up to 10 years to discoms for liquidating their outstanding dues of Central Public Sector Undertaking (CPSU) Generation (Genco) & Transmission Companies (Transcos), Independent Power Producers (IPPs) and Renewable Energy (RE) generators.

In separate reply to the House, the minister stated that power demand would increase from 1,399.91 billion units (BU) in 2019-20 to 2,047.43 BU in 2026-27.

He also told the House that the peak power demand would increase to 298.77GW in 2026-27 from 200.69GW in 2019-20.


AIBEA decides to go ahead with Nov 19 bank strike, discussions with IBA & Managements fail
Twitter very slow in India: Elon Musk
Amazon plans to lay off 10,000 people in coming days: NYT
Tripura to get tea auction centre
India indebted to former PM Manmohan Singh for economic reforms: Gadkari
Russia becomes India's top oil supplier in Oct
British PM Rishi Sunak committed to FTA with India, says Downing Street
India to press for collective efforts to deal with spillovers of actions by rich nations at G20: FM
Musk says Twitter verification being 'revamped'
Quality & Export define India and its Economy : Piyush Goyal
India Pak T20 match blockbuster creates new viewership record
Pakistan taken off from FATF's grey list; Myanmar in black list
Internet Freedom in India improves after 4 years of decline: Freedom House
India targeting Rs 35,000-crore exports of defence products by 2025: Rajnath
Rupee ends at 82.35 against USD
Sitharaman meets Japanese counterpart, discusses Indo-Pacific economic cooperation
Dhoni launches Droni, a Made-In-India camera drone
Ecosac launches biodegradable consumer products ‘Ecopath’
India, UK carrying out intensive discussions on FTA: MEA
World Bank slashes India's FY23 GDP growth forecast to 6.5 pc
KERALA NEWS
Top police official held in gang rape case
 Kozhikode: Police on Sunday arrested a Circle Inspector (station house officer) attached in Beypore  
Rain likely to occur many places in Kerala
Two killed as car plunged into well
Kerala CM greet Oommen Chandy on his 79th birthday
INTERNATIONAL NEWS
64 arrested in London on Charles III coronation day
 London: At least 64 people were arrested in UK's capital during the coronation of Charles III on May
Bangladesh police arrest six persons for selling fraud US visa stamps
Erdogan announces extension of grain deal by 120 days
Musk hints at new chief for Twitter
NATIONAL NEWS
Quo Vadis, Manipur?
 Imphal - Hardly any state in India has undergone in the last decade the chaos, lawlessness and suffe
27-year-old Hyderabad woman among victims of Texas mall shooting
One held in Swati Maliwal case: Delhi Police
PM to deliver opening address at 'No Money for Terror' event
Untitled Page
Rashtra Deepika LTD
Copyright @ 2021 , Rashtra Deepika Ltd.