NEW DELHI: The government is taking steps to check spot prices of power that zoomed to over Rs 9 per unit yesterday following shortage of supply from hydro-power, wind and nuclear plants, a top government official said today.
Power stocks have been buzzing off late as for thermal power plants, the open market electricity tariff in the country has reached a 5-year high. Also for gas-based stranded power pants, there was news of re-negotiation of tariffs in the Australian deal, Gorgon.
Nagpur: In a major jolt to RattanIndia Power Limited (RPL), which runs the 1,320MW plant at Amravati, Maharashtra Electricity Regulatory Commission (MERC) has refused it permission to participate in power purchase tender of Mahagenco.
Hyderabad: In order to meet the demand for power in the State, the Transmission Corporation (Transco) bought about 1,500 mw from the power exchanges on Saturday and purchased about 1,200 mw on Sunday.