logo
KSEB plea for resumption of long-term power supply contracts rejected

KSEB plea for resumption of long-term power supply contracts rejected

The Hindu15-06-2025

A Kerala State Electricity Board (KSEB) plea seeking orders for the resumption of power supply from the long-term Design, Build, Finance, Own and Operate (DBFOO) contracts has been rejected by the Kerala State Electricity Regulatory Commission (KSERC).
The KSEB wanted the commission to issue orders for the resumption of supply from Jhabua Power and Jindal India Thermal Power on the strength of an order issued by the commission on December 29, 2023.In a June 12 order, the commission noted that its 2023 order had been set aside by the Appellate Tribunal for Electricity (Aptel) and the Supreme Court.
The issue goes back to a May 10, 2023, decision of the commission declining approval for long-term power supply agreements totalling 465 MW from Jhabua Power, Jindal Power, and Jindal India Thermal Power citing irregularities.
Govt. intervenes
In view of a power crisis that year, the Kerala government, invoking Section 108 of the Electricity Act, issued a policy directive to the commission for the restoration of the contracts. The commission complied with the government requirement through its December 2023 order.
Subsequently, Jhabua Power and Jindal India Thermal Power challenged this order before Aptel. The KSEB observed that the third company, Jindal Power, had not challenged the order and hence was obliged to resume supply under the terms of the contract.
Later in 2024, Aptel and the Supreme Court upheld the original order issued by the commission in May 2023, declining approval for the contracts totalling 465 MW. It is in this context that the commission has now rejected the KSEB petition.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Coal linkage: KSERC nod for changes in bidding papers
Coal linkage: KSERC nod for changes in bidding papers

The Hindu

time5 days ago

  • The Hindu

Coal linkage: KSERC nod for changes in bidding papers

The Kerala State Electricity Board (KSEB) will now be able to go ahead with the bidding process for procuring 500 megawatts (MW) round-the-clock (RTC) power using coal allocated under the Scheme for Harnessing and Allocating Koyala Transparently in India (SHAKTI). The Kerala State Electricity Regulatory Commission (KSERC) has approved a set of deviations proposed by the KSEB in the model bidding documents issued by the Union Power Ministry related to the request for qualification, request for proposal, and the power supply agreement. The Centre had allocated the coal linkage to Kerala under Part B (iv) of the Union Coal Ministry's SHAKTI scheme last year. Para B (iv) of the scheme provides for the allocation of coal linkages for fresh power purchase agreements to States. Kerala has been allocated coal from the IB Field and Talcher Field of Coal India-subsidiary MCL Coal Company. Earlier this year, the State government had given its nod for appointing Central PSU PFC Consulting Ltd (PFCCL) as the transactional advisor for the long-term procurement of power for a 25 years. Major deviations proposed by the KSEB were related to the delivery point of power, minimum capacity, payment security mechanism, fuel supply agreement and calculation of fixed charges.

Stalin launches book on ancient coins of T.N. penned by Minister Thangam Thennarasu
Stalin launches book on ancient coins of T.N. penned by Minister Thangam Thennarasu

The Hindu

time5 days ago

  • The Hindu

Stalin launches book on ancient coins of T.N. penned by Minister Thangam Thennarasu

Tamil Nadu Chief Minister M.K. Stalin released two volumes of a book titled Varalaru Koorum Tamil Nattu Kaasugal (Coins that speak Tamil Nadu History) written by Minister for Finance Thangam Thennarasu and numismatic researcher Arumuga Sitharaman at the Secretariat in Chennai on Wednesday. The book sheds light on the different types of coins that have been in use in the Tamil landscape over the past 2,000 years and how they have evolved throughout history. Deputy Chief Minister Udhayanidhi Stalin, Chief Secretary N. Muruganandam, Finance Secretary T. Udhayachandran, International Institute of Tamil Studies Director R. Balakrishnan, were among those who were present at the book launch event. Review meetings held The Chief Minister and the Deputy Chief Minister also held review meetings with Ministers and officials from the Department of Municipal Administration and Water Supply, Commercial Taxes and Registration, Handlooms and Textiles, and Human Resources Management.

Bajaj Finance allots Equity share
Bajaj Finance allots Equity share

Business Standard

time6 days ago

  • Business Standard

Bajaj Finance allots Equity share

Pursuant to Bonus IssueBajaj Finance has allotted 4,97,14,29,216 equity shares of Re. 1/- each as fully paid-up bonus equity shares, in the proportion of 4:1, i.e., 4 new fully paid-up equity share of Re. 1/- each for every 1 existing fully paid-up equity share of Re. 1/- each, to the eligible members of the Company whose names appeared in the Register of Members /Register of the Beneficial Owners, as on 16 June 2025, the Record Date fixed for this by Capital Market - Live News

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store