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Coal India ramps up supplies to address shortage at utilities | Hellenic Shipping News Worldwide
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Coal India ramps up supplies to address shortage at utilities
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Power players miffed at Chandigarh’s ‘arbitrary’ amendments to bid rules
March 12, 2021
Power producers body calls for withdrawing changes The Chandigarh Union Territory Administration’s decision to modify the bid conditions for the privatisation of its power distribution company mid-way the tendering process, has evoked strong objections from the industry.
The industry, represented by the Association of Power Producers (APP), raised objections to the amendments made to the bidding rules for 100 per cent privatisation of the UT s power discom.
The amendments are feared to have an impact on the financial bids as well as it allowed new bidders to submit the bids even after the last date of submission.
Private power producers urge Tangedco to clear dues early
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Power companies’ shares rally as PM Modi vows to delicense distribution
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Last Updated: Feb 19, 2021, 08:57 AM IST
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Synopsis
Shares of Bharat Heavy Electrical Ltd closed 7.3% higher on the BSE on Thursday while Torrent Power scrip ended the day 8% up while government officials held a series of meetings with industry captains and associations on the proposed legislative amendments to delicense power distribution and other announcements made in the Union budget.
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The government will free the electricity distribution sector from licensing, Prime Minister Narendra Modi said on Thursday when shares of several power companies rallied.
Shares of Bharat Heavy Electrical Ltd closed 7.3% higher on the BSE on Thursday while Torrent Power scrip ended the day 8% up while government officials held a series of meetings with industry captains and associations on the proposed legislative amendments to delicense power distribution and other announcements