NEW DELHI: Power tariff is expected to go up by Re 1 per unit after the Union Cabinet’s decision to hike price of natural gas.
Inaugurating the Technology Congress on Intelligent Power Management, organised by FICCI and supported by the Ministry of Power here on Thursday, Union Power Minister Sushil Kumar Shinde said, “We have not worked out the details, but power tariff is likely to go up by Re 1 per unit.” The Union Cabinet doubled the natural gas rate marketed by two state-owned upstream oil companies, ONGC and Oil India on Wednesday. As a result, the price of compressed natural gas (CNG) is expected to rise by 20 per cent.
The Government had revised the administrative price mechanism of natural gas from Rs 3,200 to Rs 6,118. The new rate brings it close to the Rs 7,500 mscm ($4.2 mmBtu) that the Government has fixed for natural gas from the Reliance Industriesoperated Krishna-Godavari basin.
Power and fertiliser units, and citybased gas projects will get gas at higher prices and are likely to pass on the burden to the consumers.
Shinde said, “The proposed ‘India Smart Grid Forum’ will be a non-profit voluntary consortium of public and private stakeholders with the prime objective of accelerating development of smart grid technologies in the Indian power sector. The goal of the forum would be to help the Indian power sector to deploy smart grid technologies in an efficient, cost-effective, innovative and scalable manner by bringing together all the key stakeholders and enabling technologies.” He also said that the proposed ‘India Smart Grid Task Force’ would be an interministerial group and will serve as government’s focal point for activities related to Smart Grid.
Source : Re 1 per unit power tariff hike on cards
Inaugurating the Technology Congress on Intelligent Power Management, organised by FICCI and supported by the Ministry of Power here on Thursday, Union Power Minister Sushil Kumar Shinde said, “We have not worked out the details, but power tariff is likely to go up by Re 1 per unit.” The Union Cabinet doubled the natural gas rate marketed by two state-owned upstream oil companies, ONGC and Oil India on Wednesday. As a result, the price of compressed natural gas (CNG) is expected to rise by 20 per cent.
The Government had revised the administrative price mechanism of natural gas from Rs 3,200 to Rs 6,118. The new rate brings it close to the Rs 7,500 mscm ($4.2 mmBtu) that the Government has fixed for natural gas from the Reliance Industriesoperated Krishna-Godavari basin.
Power and fertiliser units, and citybased gas projects will get gas at higher prices and are likely to pass on the burden to the consumers.
Shinde said, “The proposed ‘India Smart Grid Forum’ will be a non-profit voluntary consortium of public and private stakeholders with the prime objective of accelerating development of smart grid technologies in the Indian power sector. The goal of the forum would be to help the Indian power sector to deploy smart grid technologies in an efficient, cost-effective, innovative and scalable manner by bringing together all the key stakeholders and enabling technologies.” He also said that the proposed ‘India Smart Grid Task Force’ would be an interministerial group and will serve as government’s focal point for activities related to Smart Grid.
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