CERC on Monday fixed 14 per cent return on equity on all power projects and said that all future projects in generation, transmission and distribution would be structured through a tariff-based competitive bidding process.
The Maharashtra government has decided to allow MSEB to draw power from phase I of Dabhol Power Company at an optimum level of 83 per cent and tariff of about Rs 2.80 per KWH.
The AAP chief was accused by Dikshit's then political secretary Pawan Khera alleging remarks against Dikshit during power tariff hike protests in October 2012.
Reacting to the hike in power rates, Delhi Chief Minister Arvind Kejriwal on Saturday said that the Comptroller and Auditor General's report on discoms would ascertain the lack of funds as stated by power distribution companies.
According to the report, the generation projects envisaged for completion by 2018-19 need to be given priority in fuel linkage.
The decision would help provide ease of doing business and also lead to larger FDI inflows contributing to growth of investment, income and employment.
The earlier resolution allowing these developers to charge higher power tariffs, now stands cancelled.
The government will create an EV Venture Capital Fund, for financial support to start-ups in the segment. The overall aim is to make Tamil Nadu the preferred destination for EVs and component makers.
BSES entities BRPL (BSES Rajdhani Power Limited) and BYPL (BSES Yamuna Power Limited) supply electricity to around 12 lakh and 16 lakh customers respectively.
Committee set up by state govt considering reduction in rates
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Tata Power sets up camps to explain the benefits of switchover for low-end consumers from their current supplier.
The power ministry is planning to start a second version of UDAY, aimed only at reducing the losses of discoms and improving the quality of power supply.
Reliance Infra-backed BSES discoms on Tuesday criticised the Delhi government for recommending to power regulator Delhi Electricity Regulatory Commission to revoke their licenses, saying the proposal was "arbitrary" and "illegal" and will be a huge setback to power sector reforms.
The company wants to amend it's application against the part to make the case stronger.
Attacking Delhi Chief Minister Arvind Kejriwal on power issue, Bharatiya Janata Party leader Harsh Vardhan on Friday said that if he fails to provide uninterrupted electricity supply and slash rates as promised during elections, he has no right to stay in office.
Attacking Arvind Kejriwal over his announcement of 50 per cent reduction in power tariff up to 400 units, the Bharatiya Janata Party leader Harsh Vardhan today said Kejriwal was indulging in "populism" and the decisions would be implemented at the cost of Aam Admi's welfare projects.
Pointing at regulation of environment sector as a case in point, Goyal said the sector suffered due to "over regulation as regulators are not able to justify many decisions"
Hardening its stand on the issue, the Delhi government has recommended power regulator Delhi Electricity Regulatory Commission to revoke the license of Reliance Infra-backed power distribution companies if they fail to pay dues to NTPC and resort to long outages in large parts of the city citing fund crunch.
NTPC has served notice of power suspension from February 11 to BSES Rajdhani, an electricity distributor in the national capital, due to payment issues.
Auto and index heavyweights Reliance Industries and ITC were the top losers in early trades.
Higher power tariff would have fetched Tata's Mundra UMPP Rs 25,000 crore (Rs 250 billion) and Adani's project an additional Rs 18,500 crore (Rs 185 billion)
The company will now focus on value creation for shareholders in the defence and construction businesses.
CAG audit is likely to be completed in six months.
Maharashtra Cabinet undecided over providing subsidy to private utilities.
India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
Despite their promised and announced reduction in power prices, the Arvind Kejriwal-led Delhi government may want keep the issue on the burner for sometime longer, since none of the concerned players are ready to give an inch, and seem raring for a fight, says Upasna Pandey
Five states -- Maharashtra, Haryana, Rajasthan, Punjab and Gujarat -- face a massive power crisis.
The idea is to set up renewable energy generation capacity, including both solar and wind, along with the associated evacuation infrastructure, at a mega scale in the four Indian deserts -- Thar in Rajasthan, Rann of Kutch in Gujarat, Lahul & Spiti in Himachal Pradesh and Ladakh in Jammu & Kashmir.
Chief Minister Arvind Kejriwal on Friday accused BSES discoms of trying to "blackmail" the government by threatening power cuts upto 10 hours a day, and warned them of strict action including possible cancellation of licenses.
Delhi Chief Minister Arvind Kejriwal on Saturday stayed away from court here in a case filed against him by Sheila Dikshit's ex-political secretary for his alleged remarks against the former CM during power tariff hike protests of October, 2012.
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