Power supply to industries, businesses, agriculture, households etc is akin to blood circulation in the body. Just as stoppage of blood supply to any body-part renders it dysfunctional, disruption in power supply has same effect on economic activity. Minister for power and non-conventional energy, Piyush Goyal had precisely this at the back of his mind when he promised that Modi government will ensure un-interrupted power supply 24 hrs a day through out the year to every household and industry. To achieve this goal in an environment friendly manner, government has declared its intent to set up in next 5 years 100,000 mw each of power generation capacity based on ‘solar’ and ‘wind’. This coincides with Modi’s visit to USA where...
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Category: Independent power producers (IPPs)
Why bail out private power producers?
In his address at the CII AGM, Rahul Gandhi exhorted the powers-that-be to listen to the voice of a billion people. Clearly, he meant that that the ruling dispensation had thus far not listened seriously enough. Even before his exhortation could die down, the establishment has come out with a decision that ignores people’s concerns and can have the effect of further impoverishing them. FLOODGATES OPENED The Central Electricity Regulatory Commission (CERC) has allowed a ‘compensatory tariff’ for Adani Power Ltd’s (APL) imported-coal-based power project in Mundra, Gujarat. This has been done to neutralise the increase in price of imported coal following the decision of the Indonesian Government in September 2010 to impose a minimum ‘benchmark’ price below which coal...
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