There is a need for transparency in the valuation of LIC for the purpose of IPO as there is a gross underestimate of the same,   said EAS Sarma former Secretary to Government of India in a letter to  Nirmala Sitharaman  Union Finance Minister.  EAS Sarma writes that according to the latest reports  the estimated value of the public issue is  Rs...

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has been adjudged the best government-run power utility in the country at the Indian Chamber of Commerce’s 15th India Energy Summit. The discom bagged the award for its effective use of new concepts, rendering quality services to consumers and taking successful efforts to reduce power losses by using modern technology and progress made i...

Delhi Electricity Regulatory Commission (DERC) has asked the state government to deallocate allocate Delhi’s share of 206 megawatt (MW) power from NTPC’s gas-based generating stations, given that power from these units are very expensive. Deallocation would mean stopping the procurement of power from the units. The gas-based stations in question are Anta, Dadri and the Auraiya power plants. These ...

Allegations of under-valuation in the Rs 210 crore highest bid made by the city-based Nandal Finance & Leasing are being examined, said Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM), which is running the privatisation process. The government has put on hold the privatisation of Central Electronics Ltd (CEL) after the employees union approached the court aga...

Union power secretary Aloke Kumar said subsidies in the energy sector should be targeted more effectively. Kumar highlighted the need to reduce transmission and distribution losses by 20 percent to 15 per cent. He noted that the most important benefits were given to domestic consumers at the 15th India Energy Summit. Kolkata: According to Union power secretary Aloke Kumar, subsidies in the energy sector should be ...

  The UT Powermen Union on Tuesday decided to observe one day strike on February 1 against privatisation of the electricity department. Employees of the department on Tuesday held a protest rally and demonstration in Sector 17 against the decision of union cabinet to handover the work relating to electricity distribution to a private company. A resolution to go on one-day strik...

The power employees held a protest rally near the main office in Sector 17 on Tuesday, against the Chandigarh administration’s move to privatise the electricity department. The members unanimously decided to observe a one-day strike on February 1 in all the shifts, and two-day strike on February 23-24. In case the administration privatises the department by then, they warned of going on an indefinite strike....

  UT Powermen Union on Tuesday decided to observe one day strike on February 1 against privatisationChandigarh of electricity distribution in Chandigarh. The employees of UT Chandigarh Electricity Department today held a protest rally and demonstration in sector 17 against the decision of union cabinet to handover the work relating to electricity distribution to a private company ...

The promise of free or subsidised electricity in poll-bound states is giving enough fodder to political parties in the run up to assembly elections to be held in the next few months. Seven states are going to polls this year, of which five – Uttar Pradesh, Punjab, Goa, Manipur and Uttarakhand – will witness assembly elections in the first half of 2022 while Himachal Pradesh and Gujarat will...

  Adani Power Rajasthan has filed a contempt petition in the Supreme Court against the power trading companies owned by the Rajasthan Government for non-payment of ?6,738 crore. In September 2020, the apex court had ordered three Rajasthan power distribution companies to pay a compensatory tariff to Adani Power Rajasthan since 2013 to recover the higher cost of imported coal. The...