In 2023, AEML successfully met up to 38 percent of its consumers' electricity requirements from renewable sources. It aims to reach 60 percent by 2027.
The two new transmission lines comprise the 84 ckm Kharghar (in Navi Mumbai) Vikhroli line in the northeastern suburb of the megalopolis and the Thane-Aarey Colony line.
Adani Electricity also got the regulator’s nod to recover this deficit accumulated over the last three years via higher tariffs from consumers, although the firm didn’t say how long it would take to recover this in its presentation filed to exchanges.
Adani Electricity Mumbai has made the coupon payment of $19.7 million as per schedule, the spokesperson said when asked about the status.
Adani Electricity is following the due process under the share purchase agreement (SPA) for dispute resolution, and will respond with facts and present its own claims against R-Infra in the arbitration proceedings, Adani Transmission stated.
Parts of Mumbai suburbs, Thane and Navi Mumbai got a rude shock on a hot Monday morning as power went off a little after 10 am. Power was restored in most parts by noon.
Adani Electricity is also offering sustainable lifestyle options to its consumers, enabling them to contribute to fighting climate change and in reducing their individual carbon footprint.
Outage brings Maximum City to a standstill. Local trains came to a grinding halt, while road traffic was thrown out of gear as traffic signals stopped functioning. Proceedings at the Bombay High Court were also affected briefly. However, it was a normal day for trading on the BSE and the NSE.
Adani said that electricity connection will not be disconnected over non-payment of dues until the consumer’s grievances have been redressed.
When contacted, a spokesperson from AEML said the team has re-started physical meter reading which was halted in March because of COVID-19.
As part of this fundraising round, the proposed loans will be offered globally, including in the US, with securities which may have a maturity period of 7 or 10 years.
The Kandivali doctor received the revised bill within a day of local MP Gopal Shetty speaking to Adani Electricity authorities
The MERC has appointed a two-member fact-finding committee to look into consumer complaints to ascertain the reasons for the sudden upsurge in consumption.
The commission has sought explanation from the company within 24 hours, detailing facts of the matter and the steps taken by it to remedy the situation.