Competitive bidding route to boost IR power savings
Indian Railways (IR), after having adopted competitive bidding route for buying electricity, is expecting annual savings of Rs.3,000 crore starting 2016-17. The route was adopted last year, before which IR used to buy directly from state-owned discoms charging commercial rates.
Earlier, the Central Electricity Regulatory Commission (CERC) had conferred IR with a deemed licensee status, which further helped IR by exempting it from cross-subsidy surcharges, levied by states on consumers buying electricity from outside the state.
Contact: Indian Railways