Power firms finalize models for asset monetisation plan, Jan 31, 2022

Three state-run power companies, NTPC Ltd, NHPC Ltd and Power Grid Corp. of India Ltd (PGCIL), have firmed up a mix of models to realize the maximum value from their hydropower and renewable energy transmission and assets as part of the National Monetization Pipeline (NMP) plan, Union power secretary Alok Kumar told Mint These models include creating a holding company and then divesting stake in the holding c...

Amendment in Action Programme decided by NCCOEEE against Privatization, Jan 30, 2022

NCCOEEE has amended it's programme of 23 & 24 January Strike / Work Boycott which now will be done on 28 & 29 March 2022.            You are requested to  ensure the following action programme as decided by NCCOEEE...          As communicated earlier, the Union representing employees of Chandigarh is going steadily ahead in Strike on 1...

DMK asks Puducherry CM Rangasamy to spell out his stance on privatisation of power sector, Jan 30, 2022

  The major opposition parties -- DMK and Congress -- have strongly objected to the privatisation move of power transmission and distribution in Puducherry which is hitherto done by the Puducherry Electricity Department (PED) and have pledged their support to the striking employees, even as the government moves for a conciliatory meeting with the PED staff through the labour department. ...

Free India of free power promises, Jan 29, 2022

Power Minister R K Singh is right to speak out against political parties promising free power, especially if states are unable to afford compensating discoms for the loss in revenue. The financial implications of doling out free power are immense, undermining a state's ability to provide critical services such as health, education and basic infrastructure. Giving free power imposes intergenera...

Budget expectations: energy and power sectors, Jan 28, 2022

  Budget expectations: energy and power sectors                      “As a player in the energy and power sector, we are really hopeful that the Union Budget 2022-23 will set a path to recovery beginning this year. The Energy sector is pinning a lot of hopes that the upcoming budget shall offer the much-needed push to the revival o...

Bringing electricity under GST can be a mega reform, Jan 28, 2022

For power utilities, the demand-side impact of pandemic-related restrictions was short-lived, but their financial health -- which was already under stress across a number of states -- has certainly worsened. Despite the liquidity infusion relief made available to distribution companies through Power Finance Corporation and REC, the aggregate power procurement payment dues to power generating companies conti...

Chandigarh Powermen Union to go on strike on 4 days in February, Jan 28, 2022

The UT Powermen Union staged a protest against privatisation of the UT electricity department in Sector 43 on Thursday. The union will also go on strike on February 1, 7, 23 and 24. The union’s leaders appealed to all electricity department employees to make the strike on February 1 a success and said that after privatisation, the employees as well as the general public of Chandigarh will have to pay the exp...

ALL INDIA POWER ENGINEERS FEDERATION, Jan 27, 2022

 All India Power Engineers Federation (AIPEF) at the outset likes to submit that the Electricity Department, Govt. of Puducherry is functioning better as many pointers of  evaluating the performance of utility like the average cost of Supply, T&D loss, reliability of power supply etc are better in Puducherry than the national average. AIPEF also learns that the Electricity Department has been consi...

Power dept in private hands by April-end, Jan 26, 2022

  By the end of April, the power department of the Chandigarh administration will be transferred to Kolkata-based Eminent Electricity Distribution, a private company, owing to the central government directions following cabinet approval. Multiple aspects like infrastructure, employees and their transfer, financial benefits and other matters will be part of the privatisation exe...

Employees protest power privatisation, Jan 25, 2022

  The UT Powermen Union today held a protest at Sector 17 against the decision of the Central Government to hand over the UT Electricity Department to a private company. Employees submitted a memorandum to the UT Administrator against the move to privatise electricity distribution. The memorandum was received by the SDM (East) on behalf of the UT Administrator. Gopal Joshi, gener...