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.


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

Related News

  • Nitish Slams Centre on Rejection of Coal Linkage  Read more
  • Coal India production reaches 44.88 mt in June, misses target by 7.9mt  Read more
  • Gujarat becomes the first state to distribute 2 crore LED Bulbs under UJALA  Read more
  • TVS exits wind biz as Green Infra acquires TVS Energy  Read more
  • Electricity board SMSs to keep you from tripping up  Read more
  • Power Finance Corporation (Rs 183): SELL  Read more
  • Rural Electrification Corporation ran up Rs 153.36 crore loss on concessional interest: CAG  Read more
  • Govt plans to set up National Power Committee  Read more
  • Chemical industries, aluminum smelters mulling coal imports as power takes priority  Read more
  • Solar price may be 10% below coal power rates by 2020: report  Read more