A high-level group has been formed by the Centre to make recommendations for changing the structure and system of power sale and purchase in the country, reports Hindustan Times.
According to the report, the move is part of the Modi government’s key agenda of bringing major reforms in power sector including uninterrupted 24x7 power supply to consumers.
The group led by special power secretary Sanjiv Nandan Sahai will recommend reforms required in the Power Purchase Agreements (PPAs) and for increasing competitiveness in the power markets.
It will also include representatives from Central Electricity Regulatory Commission (CERC), Central Electricity Authority of India (CEAI), Power System Operation Corporation and the Power Ministry.
The group will also study the present system of the power sale and purchase, which is predominantly governed by the PPAs, power trading and other way of transactions in purchase and sale of power. It will also examine whether the PPAs need to be completely restructured.
A report will be prepared by the group to make the recommendations within six months.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.