Electricity

2023 - 3 - 4

Post cover — Image courtesy of "Outlook India"

Gujarat Govt Purchased Electricity Worth Rs 8160 Crore From Adani ... (Outlook India)

The Gujarat government purchased electricity worth Rs 8160 crore from Adani Power Ltd between 2021 and 2022 at tariff rates revised upwards from Rs 2.83 to ...

In order to meet the state's power demand from all available sources, sufficient power was procured from Adani Power (Mundra) under the principle of merit order, he said. Meanwhile, due to excessive hikes in prices of imported coal at the global level, most of the imported coal-fired power projects at the national level shut down generation, as the contract/supplemental agreement was not affordable, he said. The charge was revised upwards month-on-month in the range of Rs 2.83-Rs 8.83 per unit, he said.

Gujarat govt. purchased electricity worth ₹8160 crore from Adani ... (The Hindu)

In 2007, the State government had signed an agreement to purchase power from Adani Power Limited for 25 years at levelised tariff rates.

"Considering this, a high-powered committee was formed by the state government. The State government revised upwards the unit rates under its power purchase agreement from the company because of a rise in the cost of imported coal, he said. In 2007, the State government had signed an agreement to purchase power from Adani Power Limited for 25 years at levelised tariff rates of ₹2.89 and ₹2.35 per unit, he said.

102% rise in cost of electricity purchased from Adani Power between ... (The Indian Express)

Between 2021 and 2022, the average cost of electricity bought from Adani Power went up 102 per cent from Rs 3.58 per unit to Rs 7.24 per unit in 2022, ...

Currently, the state government charges an FPPPA of Rs 2.85 per unit of energy consumed. Despite the increase in cost of power purchased from Adani Power, the government bought 7.5 per cent more power from the company in 2022, compared to calendar year 2021. Between 2021 and 2022, the state government have increased FPPPA charges at least eight times. The fuel surcharge was Rs 1.8 per unit in April 2021. Though Gujarat government claims that it has not raised electricity tariff for the past several years, the authorities have been silently hiking the FPPPA charge, which is part of the residential consumer’s bi-monthly electricity bill.” Accordingly, a supplementary agreement was signed with Adani Power on December 5, 2018.

Gujarat government purchased electricity worth Rs 8160 crore from ... (Moneycontrol.com)

Responding to a starred question by Aam Aadmi Party (AAP) MLA Hemant Ahir, state Energy Minister Kanu Desai said that in 2021-22, the government purchased ...

"Considering this, a high-powered committee was formed by the state government. In order to meet the state's power demand from all available sources, sufficient power was procured from Adani Power (Mundra) under the principle of merit order, he said. In 2007, the state government had signed an agreement to purchase power from Adani Power Ltd for 25 years at levelised tariff rates of Rs 2.89 and Rs 2.35 per unit, he said.

US electric vehicle batteries poised for new lithium iron age (Financial Times)

Lithium iron phosphate technology accounted for about half of the battery capacity of EVs sold in China last year, according to research from consultancy Adamas ...

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Gujarat bought ₹8160-cr-electricity from Adani in 2021-22: Desai (Inshorts)

gujarat energy minister kanu desai told the state legislative assembly that the government bought 11596 million units of electricity worth 8160 crore from ...