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
In late 2014, the knives were out for RBI governor Raghuram Rajan. Since then, Modi and Rajan have developed a close working rapport, government officials and people close to the governor say, and that could be crucial to the $2 trillion economy. Full Article