Another power supplement!
There is no doubt that the power sector is ailing. Although state DISCOMs have managed to leverage UDAY by paring financial losses from Rs 515 billion in FY16 to Rs 348 billion in FY17, a marginal decrease in AT&C losses seems to be the bone of contention, as what has been envisaged has not been achieved yet, except bailing-out nonperformers.
Impressive performance, Piyush
In the little over three years when Piyush Goyal was at the helm as the Minister of State with Independent Charge for Power, Coal and New & Renewable Energy, he has brought in a visible transformation in the complex process chain of the economically crucial power sector.
Spends are good, outcomes are better
In India, traditionally, over the years, we tend to measure ourselves more by efforts, rather than on results. While everyone of us is happy practising this policy, no one agency does this better than our governments.
Gridco seeks 46 per cent tariff hike
Projecting a revenue deficit of Rs 3214.39 crore at the existing bulk supply price of power, the Grid Corporation of Odisha Limited (Gridco) has demanded 46 per cent hike in the BSP for FY2017-18. In its annual revenue requirement application to OERC, the state-owned utility has estimated the net revenue requirement at Rs 10,293.12 crore.
CESU seeks hike in power tariff
Projecting a revenue deficit of Rs.1065.92 crore during 2015-16, the Central Electricity Supply Utility (CESU) has demanded hike in retail supply tariff to recover the cost.