Delhi power regulator approves up to 8 percent tariff hike
NEW DELHI (Reuters) - The power sector regulator in New Delhi has approved a 6-8 percent surcharge on power purchase costs by electricity distribution companies, a notice on the regulator's website said on Friday.
The Delhi Electricity Regulatory Commission said the surcharge was for a period of three months from February 1 or until any further order. (link.reuters.com/dam56v)
BSES Yamuna Power Ltd, an electricity distribution company in New Delhi, had warned the local government of possible power cuts in some parts of the city because it was unable to pay for electricity supplied by state generating companies.
(Reporting by Devidutta Tripathy and Manoj Kumar, editing by David Evans)
- Tweet this
- Share this
- Digg this
- Jindal Steel shelves $10 bln project after coal setback
- West not expected to demand Iran atom bomb "mea culpa" in deal
- Congress signals it could back Modi's insurance reform plan
- Bomber targeted police commander in Afghan volleyball game attack
- U.S. seeks to step up India trade talks after WTO breakthrough
The main opposition Congress party signalled on Monday it could support government legislation to liberalise the insurance industry, a long-delayed reform expected to help improve investor confidence. Full Article
Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets Full Article