Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

Every third week may see a PSU public issue
The stock market could see 17-18 such issues next year

Govt may divest only 10% stake in CIL
State-run Coal India (CIL) today said the government may divest only 10 per cent stake in the PSU in the next fiscal, against the desired 15 per cent, as regulatory provisions bars it from reserving some shares for employees.

News of the day

India cuts down US lobbying expenses, Pakistan ups
Having spent thousands of dollars for many quarters lobbying on bilateral ties and for the nuclear deal with the US, India cut down on these expenses in the last quarter, even as neighbour Pakistan paid a higher quarterly bill for canvassing support for it in America.
Management

OERC stays OPTCL order to limit drawal by industrial users

The Orissa Electricity Regulatory Commission (OERC) has stayed the operation of the load restriction order issued by the Orissa Power Transmission Corporation Ltd (OPTCL) to restrict the drawal of industrial load up to 10 Mw. It has issued notice to the State Load Despatch Centre (SLDC), OPTCL, Grid Corporation of Orissa (Gridco) and the Orissa government to file their replies before OERC within 7 days. - JSL steps up power supply to state grid - OERC asks govt to file response on REL reply within 3 weeks - No change in retail power tariff - Gridco plans to buy 500 MW from CPPs All the distribution licensees have been impleaded as respondents in the matter and directed to submit their submission on this issue. Hearing a petition filed by M/s Ferro Alloys Corporation Ltd. (FACOR) against the load restriction imposed by OPTCL, the commission stayed the operation of the order with immediate effect, pending disposal of the petition. OERC, in its order, stated that imposing restriction to limit the drawal within 10 Mw across the industrial consumers without considering their survival load is arbitrary and unjust. So it should be withdrawn immediately. FACOR pleaded that unless the order of OPTCL is stayed immediately, all EHT (Extra High Tension) industries in the state will face irreparable loss. It further argued that its unit located at Randia (near Bhadrakh) can not operate at reduced load of 10 Mw (against the contract demand of 34 Mw) due to minimum requirement of continuous operation of single furnace. Staying the operation of the order of OPTCL, the commission warned that violation of the stay order will not only attract penalty under the section 142 of the Electricity Act, 2003 but also criminal prosecution under section 146 of the above act. The order of the OERC comes as a bolt from the blue for the state government which is suffering from power shortage due to drop in hydro electricity generation following receding water levels in the reservoirs. The state government, meanwhile, has issued orders under section 11 of the Electricity Act, 2003 to all the captive generating plants (CGPs) to maximise power generation and inject power to the state grid.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009