Power producers face loss as CERC bars payment till plants begin ops

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The story "Power producers face loss as CERC bars payment till plants begin ops" was covered 23 hours ago by Business Standard, a news publisher based in India.

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Power producers face loss as CERC bars payment till plants begin ops - Business Standard

Quick Summary:

Power producers have opposed Central Electricity Regulatory Commission's new norm of not mandating any payments for power they supply to grid before start of commercial production as it may lead to heavy losses.

Thermal power generators can incur an expense to an extent of Rs 1,000 crore during the 6-12 month trial period towards infirm power before they achieve commercial operation of the plant.

An association of power producers on January 23 wrote to CERC on the new provision for so-called infirm power, seeking a review of the norm.