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)
Trending On Reuters
Earthquake Strikes Nepal
A powerful earthquake struck Nepal and sent tremors through northern India on Saturday, killing more than 1,000 people, toppling a 19th-century tower in the capital Kathmandu and touching off a deadly avalanche on Mount Everest. Story
RBI chief Rajan calls for formal financing routes for farmers - report Full Article
India to host Afghan leader, seeks to regain ground lost to China, Pakistan Full Article