The Centre’s fresh bid to fix glitches in electricity distribution will only be successful if the states play ball
The power ministry has started active consultations with generators and discoms to review the power demand and work a way out. However, the government is clear that if the need arises, the order may be re-issued.
Power Ministry is in the process of getting approval from Union Cabinet for its new electricity tariff policy. The central government had approved the Tariff Policy under the provisions of Electricity Act, 2003, in 2006.
Power minister Veerappa Moily will be holding a meeting with state electricity regulatory authorities on Wednesday. In view of the current power situation, a discussion on proposed amendment in Electricity Act 2003 will be taken up during the discussion.
Anil Ambani-led Reliance Infrastructure Ltd has challenged an order passed by the State Information Commission bringing the company under the ambit of the Right to Information Act in the Bombay High Court, arguing that it is a private company and not a public authority.
In a infrastructure panel discussion on building future proof power plants with CNBC-TV18’s Siddharth Zarabi, eminent panelists discuss the very crucial issue for the Indian economy.
A longer term worry for those exposed to the SEBs is a recent IIFL report which points out that the finances of SEBs has taken a turn for the worse. Harshvardhan Dole VP Research - Institutional Equities of IIFL, talks about the report that he wrote.