power-sector-news
State ministers study NTPC proposal to pool power rationalise tariffs
New Delhi. State power ministers are considering a proposal to mitigate electricity tariffs by pooling NTPC's power and rationalising subsidies. Speaking at a press briefing during the power ministers' conference in Delhi, Power Minister, Piyush Goyal said, "NTPC has proposed to pool the generated power and this will significantly lower purchase costs for state government-run power distribution companies."
This proposal is being considered by the states and a final call will be taken by them, he added. He said, "Multiple tariff structures have become a reason for corruption in some centres. All states have agreed to consider changes in their power tariff structures."
He elaborated on the Bihar model where power tariffs have been aligned in line with the generation cost of power and good economic principals. The consumer is subsidised by the state government, but the subsidy component is notified by the government transparently. Tripura has a similar model in place, he added.
Read Also : Coal India Organises Training programme for capacity building
News Must Read
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24