The biggest winner in India’s power crisis

The biggest winner in India’s power crisis

As coal supply falls short in our country, power generators seem to be making a killing, by selling on exchanges at places where price has tripled.

Power Secretary Alok Kumar has warned states in this regard and has asked them to take legal action in case imported coal-based power plants refuse capacity on any pretext, a TOI report said.

Transmission companies have been selling power at 16-18 rupees/unit, against the normal 4-6 rupees/unit. Hindustan Power Ltd, Adani Power Stage-II and Teesta Stage-III, charged the highest tariff of Rs 18 per unit.

At a meeting with , Adani Power, Essar Energy, which have imported coal-based plants, and officials of Gujarat, Rajasthan, Punjab and Maharashtra, which have power pacts with these plants, Alok Kumar made several statements.

He said refusing available generated power on any pretext, was “inexcusable”. He also warned states against market gaming by generators. “If any gaming is noticed on the part of the seller such as not supplying under PPA and selling in market (it) should be brought to notice of regulatory commission under intimation to the ministry without any delay,” he said.

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