Power

Prabir Purkayastha

9th December 2016


The story of the failure of the reforms will not be complete unless we also take into account the failure of the privatisation of distribution. This is what we will examine in the second part of our examination of the power sector reforms.


DISTRIBUTION PRIVATISATION – THE STORY OF RELIANCE IN ORISSA & DELHI


The distribution sector reforms are more difficult than inducting private sector in generation. Th ...

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Last Updated on Friday, 09 December 2016 07:20
 

 

Prabir Purkayastha

29th November 2016


The crisis of the power sector reforms, carried out over the last three decades, particularly after enacting the 2003 Electricity Act, is now becoming worse. It is estimated that 25,000 MW of capacity today is lying idle, as the distribution companies are not able to pay for electricity. Under pressure from the finance ministry, banks have lent money to the private power companies. As a consequence, Indian banks’ exposure to the power sector stand at Read more...

Last Updated on Tuesday, 29 November 2016 06:53
 
The Cost of Modi's US Visit: Offering Rs. 2.8 lakh crore to Westinghouse

Prabir Purkayastha

14th June 2016

 

The 4th visit of Modi to the US has very little to show as achievements. No wonder, the headlines screamed about “the start of the preparatory work” on six nuclear reactors as a major achievement. Not content with this, the Westinghouse AP 1000 reactors were even hyped as 5th generation reactors, skipping two whole generations of reactors in between. The earlier AP 600 reactors are recognised as 2nd generation reactors, making ...

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The Bankruptcy of Power Sector Reforms

Prabir Purkayastha

12th September, 2015

 

The CAG Draft Report on Delhi's Distcoms describing the Rs. 8,000 crore loot of consumers, follows on the heels of the Orissa Electricity Regulatory Commission's (OERC) order, cancelling the licenses of the three Anil Ambani Reliance distribution companies. OERC cancelled Reliance licenses in March, 2015 for failing to deliver on any count, and repeatedly violating its orders. With this, we have come a full circle on the ...

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CAG Report: The 8,000 crore Loot of Delhites by Reliance and Tata

Prabir Purkayastha

10th September, 2015

 

The CAG Draft Report on the three private power distribution companies in Delhi, shows that the people of Delhi have been “overcharged” by a whopping Rs. 8,000 crore. The three companies – BSES Yamuna Power Ltd (BYPL) and BSES Rajdhani Power Ltd (BRPL) controlled by Anil Ambani's Reliance group, and Tata Power Delhi Distribution Ltd (TPDDL) – committed deliberate fraud by inflating their power purchase costs, suppressing ...

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