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

  • Govt draws plan to avoid costly coal imports  Read more
  • Suzlon set to raise Rs800 crore from PE firms Asia Climate Partners, Olympus  Read more
  • India to host Nepal PM next week amid China seeking to expand influence in region  Read more
  • Sutlej Jal Vidyut Nigam commissions all 6 units of 412 MW Rampur hydel project  Read more
  • Enough funds for capex, no plans to divest equity: SJVN  Read more
  • SpiceJet to light up a village in Assam under CSR  Read more
  • Deficient monsoon will put more load on thermal power plants: Piyush Goyal  Read more
  • BERC upholds individual consumers petition against SBPDCL  Read more
  • No relief for Tata Power, CERC refuses to allow termination of costly PPAs with NTPC, NHPC, THDC plants  Read more
  • PowerGrid to sign contract with Ethiopian firm; net up 40%  Read more