Best Amendment would be to reduce the inflation to Zero by the Central Government and revert back to gold standard. Paper currencies with too much of financial jugglery has put the federal governments, enjoying the power of harlots without any direct responsibility, in a stronger position thus reducing the status of the states. GOI has failed miserably for last 20 years in keeping the infla...
Haryana Power Engineers Association opposes the draft Electricity Amendment Bill 2020 and has urged the Chief Minister Haryana to seek extension in date up to September 30 for submission of comments in view of lockdown conditions across the country. KK Malik General Secretary of the Association said that it would be practically and physically impossible to carry out the exercise to discuss in detail and obta...
I. Vide Ministry of Power letter of 6/4/2020 purporting to give clarification on subject of letters of credit some additional statements have been made. “3 a Obligation to pay for power within 45 days -- or as provided in PPA remains unchanged. 3 c Obligation to pay for capacity charges as per PPA shall co...
All India Power Engineers Federation (AIPEF) strongly condemned the timings of Power Ministry move to bring back the Electricity Amendment bill 2020 when the whole country is fighting against the COVID-19 pandemic. Ministry of Power has circulated draft Electricity Amendment bill 2020 yesterday amongst all state governments and has sought their comments within 21 days. V K Gupta spokesperson AIPEF said t...
On 17/04/2020 the Ministry of Power has put on its website a notice for Amendment of Electricity Act 2003 and giving a time limit of 21 days for submission of comments and objections. We are very much surprised and shocked to see the timing of introduction of this Bill when whole country is fighting unitedly to combat COVID - 19 Pandemic under the leadership of Prime Minister Sri Narendra Modi. You are kindly aware t...
The bill also proposes to restrict deferment of revenue recovery and reduction in cross-subsidy to bring in a cost-reflective tariff, simplified tariff. It also proposes to bring in an Electricity Contract Enforcement Authority (ECEA) to deal with the issues of non-performance of contracts leading to uncertainty. For the renewable sector, the draft bill proposes to bring National Renewable Energy Policy and may...
Ministry of Power, Government of India has issued The Electricity (Amendment) Bill 2020 that is proposed Amendment to Electricity Act 2003. MoP has sought comments on the draft within 21 days from issue of it's letter No. 42/6/2011-R&R 17th April 2020. 2. AIPEF will submit it's comments in scheduled time. You are requested to go through the draft Electricity (Amendment) Bill...
The Centre will soon make it mandatory for states to meet part of their electricity requirement from hydro power plants, a reward to these projects that saved the country’s grid collapse during the nine-minute lights switch off call by Prime Minister Narendra Modi on April 5. The power ministry is soon likely to notify guidelines giving states hydro power procurement targets on ...
Punjab State Power Corporation Ltd. (PSPCL) is in hot soup over fixed charges payable to power generators and fixed charges receivable from industrial consumers. Punjab State Power Corporation Ltd. (PSPCL) on April 2 invoked Force Majeure conditions curtailing of power from the 1980 MW Talwandi Sabo, 1400 MW Rajpura and 540 MW Goindwal thermal stations and other generation plants following load crash in the ...
Fund-starved Punjab State Power Corporation Limited (PSPCL) is in for another hurdle over fixed charges payable to power generators and fixed charges receivable from industrial consumers, as in absence of clarity other state consumers can end up paying the charges against the Electricity Act. Now, the Centre has asked power utilities in all states are under obligation to pay capacity charges as per power purchase ...