A much-expected stormy budget session of the Uttar Pradesh legislature will commence tomorrow with the opposition expected to raise issues including the Mahakumbh stampede, Milkipur assembly bypolls and privatisation of the power sector.
Amid a noisy walkout by the opposition, Uttar Pradesh Energy Minister AK Singh clarified in the state assembly on Tuesday that the state plans to develop its power department under the Public-Private Partnership (PPP) model.
The anger of the Uttar Pradesh power employees regarding the privatisation of Purvanchal and Dakshinanchal Electricity Distribution Corporations is increasing and now they have announced a nationwide protest to oppose the decision of the Yogi Adityanath government.
Power is a critical component in achieving the goal of a developed India by 2047, and with the rising demand for electricity, it is essential to simultaneously increase power generation, Union Minister for Power, Manohar Lal said.
Most brokerages anticipate a focus on fiscal consolidation and priorities regarding capital and non-capital expenditure.
The Capital Adequacy Ratio of the company stands at a comfortable 25.78 per cent as on March 31, 2023, implying ample opportunity to support future growth.
The Ministry of Coal has notified that the closing stock of coal at the domestic coal-based power plants, as on 31 October, this year was 25.6 Million Tons (MT) which is the highest ever in the month of October except for the Covid year of 2020-21.
The Central Government has notified these rules with a view to streamlining the process of planning, development and recovery of investment in the transmission system.
Coal India is focusing on ramping up its supplies to pithead based power plants to higher levels. This would influence in cost per unit of power generated coming down.
CESC recently faced a barrage of complaints from the customers on the previous June bill that contained unbilled charges of April and May. It had put the unbilled charges in abeyance and will recover just the bill for the month of June.
