POWER Policy and regulatory framework for DISCOMs in the offing: PM Modi Asserting that reforms in the regulatory and process framework have significantly 'improved' the outlook towards the power sector, Prime Minister Narendra Modi on Thursday said the Centre is working to remove problems in the distribution sector and a policy and regulatory framework for DISCOMs is in the offing. Consumers should be able to choose their implementation of the Union Budget provisions in the power and renewable energy sector, the Prime Minister's Office (PM) said in a statement. Modi said the government treats power as a separate sector and not as part of the industry sector, while adding that the Centre's approach towards it has been holistic and guided by the four mantras of "reach, reinforce, reform and renewable energy".
08 | CCAI Monthly Newsletter February 2021
He noted that the renewable energy capacity of the country has been enhanced by two-and-a-half times in the last six years and the solar energy capacity by 15 times. Referring to the PLI (performance-linked incentive) scheme, he said high-efficiency solar PV modules are now part of it and the government is committed to investing Rs 4,500 crore in this. Modi hoped for a massive response to the scheme. Under the PLI scheme, integrated solar PV manufacturing plants with a capacity of 10,000 MW will be operationalised with an estimated investment of Rs 14,000 crore.
Power Min reduces discom penalties to 5 per cent over SBI lending rate The government has lowered the late payment fee chargeable by power and transmission developers
