Coal News We love to talk!

FEB 25 2015

UERC dismisses UPCLs petition for post-facto approval of investment

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 25th FEB 2015

The Uttarakhand Electricity Regulatory Commission (UERC) has dismissed the petition filed by Uttarakhand Power Corporation Limited (UPCL) seeking post-facto approval for investment of Rs 59.9 million for implementation of integrated automatic meter reading systems for 11,000 consumers of industrial and commercial categories.

As per the terms of the UERC (Terms and Conditions for Determination of Tariff) Regulations, 2011 and the UERC (Conduct of Business) Regulations, 2004, state utilities are required to seek the commission’s approval of all projects/schemes with capital cost of over Rs 25 million. In the present case, the UERC did not find sufficient grounds to exercise its powers under Regulations 40(1), 59 and 62 under the Conduct of Business Regulations that provide for relaxation in the prior approval requirement.

Tags

Uttarakhand Uttarakhand Power Corporation Ltd Tariff Electricity Regulatory Commission Uttarakhand Electricity Regulatory Commission Power Electricity

Related News

  • Piyush Goyal hopeful of garnering global investments in power sector at WEC in Davos  Read more
  • Water supply facilities for Deoghar UMPP could submerge 31 villages: IIT report  Read more
  • How renewables faced impediments in 2017 and why they are set for more energetic 2018  Read more
  • CERC issues order regarding non-compliance of CERC (Payment of Fees) Regulations, 2012 by AAPL  Read more
  • High penalty, licence renewal for discoms in electricity bill  Read more
  • BHEL commissions captive solar photo voltaic power plant in Trichy  Read more
  • Education secy seeks list of UP Board exam centres with no power supply  Read more
  • State has failed in power generation: Shobha  Read more
  • Price of LED bulbs drops to Rs 38  Read more
  • UP CM warns of strict action against the guilty in power scam  Read more