Tata Power is one of the three power distribution companies in Mumbai, the other two being BEST and Reliance Infra. All of them have to get their power tariffs approved from the regulatory commission. In a major tariff shock to residential consumers of Tata Power in the city, the state electricity regulatory commission on Saturday approved a 25% increase in tariff for the year FY14.

Maharashtra Electricity Regulatory Commission (MERC) has approved an average increase in tariff to Rs 5.2...

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Shopping malls, offices and other commercial consumers would be able to get electricity for 24 hours by paying a little more for grid supply instead of banking on very costly diesel generation as the government plans to help the establishment get the power that state utilities are refusing to buy.

The government also plans to facilitate supply of power from plants that are stranded because domestic fuel is scarce and imported coal costs are higher. This can ensure continuous supply for consume...

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Power companies got a new lease of life last week after the Government offered clarity on domestic coal supply and also allowed them to pass on the cost of expensive imported fuel. This brings certainty to the sector that is hit by fuel scarcity, lack of funding, regulatory hiccups and financially weak distribution network.

The key beneficiaries are mainly private power developers such as Adani Power, Essar Power, Lanco, GMR, KSK, Sterlite Energy, Adhunik Power, SKS ISpat Power and Jindal Powe...

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Electricity will likely become costlier to the tune of 15-25 paise per unit for some people, following decision on 21-06-2013 by the Cabinet Committee on Economic Affairs (CCEA) to allow certain power companies to pass on the rising cost of imported coal to consumers.  Implementation of pass-through mechanism would lead to increase in electricity tariff. The exact rise in tariff would differ from one power plant to another based on the quantity of imported coal utilised. However, a move to hi...

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With gas supplies to power plants drying up, the Power Ministry will approach the Cabinet Committee on Investment seeking fuel meant for other sectors and approval for pooling price of domestic and imported gas. The Power Ministry is moving the newly constituted Cabinet Committee on Investment (CCI) to seek diversion of as much as 6 million standard cubic meters per day of gas currently consumed by non-core sectors like steel and petrochemicals, to power plants, sources privy to the developme...

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Tata Power, which won the Distribution Franchisee of Jamshedpur, will invest Rs 500 crore in the Jamshedpur circle. The company also plans to take over distribution operations in Jamshedpur circle by mid 2013 once the independent audit is completed and the area is handed over by Jharkhand State Electricity Board (JSEB) to Tata Power, according to Mr S Ramakrishnan, executive director (ED) of Tata Power.

He added that teams have already arrived in Jamshedpur and work on IT infrastructure has co...

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In a fresh blow to the Congress in the coal blocks allotment scandal, the CBI on 11-06-2013 accused party MP and industrialist Naveen Jindal's companies of bribing the then minister of state for coal Dasari Narayana Rao and misrepresenting information to obtain coal blocks.

In a new FIR registered in the case Tuesday, the agency alleged that Jindal Steel and Power Ltd (JSPL) and Gagan Sponge Iron Pvt Ltd were allotted the Amarkonda Murgadangal coal block in Jharkhand in January 2008 in return ...

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As many as 17 states are expected to witness significant power supply shortages this fiscal, with Tamil Nadu projected to receive less than three-fourth of its total electricity requirements.  Among the 17 states, the worst hit would be the three Southern states of Tamil Nadu, Kerala and Karnataka.

Latest estimates from the Central Electricity Authority (CEA) show that Southern region -- comprising four states and one union territory -- is likely to see a power deficit of 19.1 per cent ...

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Electricity regulator CERC  said it will hear the petitions filed by Reliance Power - seeking relief for increased cost of the 4,000 MW Sasan project - after the appointment of its new Chairman. The present Chairman of Central Electricity Regulatory Commission Pramod Deo will retire on June 9.

The 3-member CERC bench heard the petitions seeking relief for the increased cost on setting up the Sasan project due to rise in construction cost and depreciation in rupee.

According to the bench, the ne...

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