NEW DELHI 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
British telecoms operator Vodafone has picked Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators of its Indian unit's IPO, people familiar with the matter said, kicking off its long-awaited listing plan. Full Article