Tata Power Company has agreed to supply 200MW to Reliance Infrastructure at regulated rates till June 30.
In a development which will surely make Mumbai’s suburbanites smile, the Tata Power Company (TPC) on Monday offered to continue providing 200MW electricity at regulated rates to Reliance Infrastructure till June 30.
TPC has also offered to take over 4,00,000 RInfra consumers who use less than 100 units, thus taking the burden of 200MW off RInfra. This offer was made in response to a letter written on May 14 by the state energy secretary to TPC asking it to keep in mind the larger interests of Mumbai suburban consumers.
On Friday, the state government had sent a warning of sorts to TPC after it said it would withdraw supply of 360MW to Reliance Infrastructure (RInfra) unless the latter purchased 200MW at a high rate of Rs5.90 per unit,
On Monday, TPC sounded unhappy about the deal. “We are disappointed to note that we have to maintain a status quo on supply of 360MW to RInfra. The decision continues to ignore the needs of our consumers who have switched over from RInfra. It is preferential to one set of Mumbai consumers against the other and is supporting an inefficient distributor,” said a written statement by TPC.
TPC directors S Padmanabhan and S Ramakrishnan said that though TPC’s consumer base was growing, and more and more RInfra consumers were switching to TPC, it has decided to send its offer to the state government as well as Maharashtra Electricity Regulatory Commission (Merc) keeping the larger interests of the consumer in mind.
Although out of the 360MW that Tata is giving to RInfra till date, Tata Power would need 160 MW to give to its own consumer base (which has been growing by leaps and bounds after it started giving electricity to retail consumers) so that they are not inconvenienced. The State Load Dispatch Centre (SLDC) has been requested to schedule the same.
From July 1, TPC has offered to take over 4,00,000 consumers from RInfra in order to utilise 200MW of power. This will significantly reduce the tariff for low-end consumers and also reduce the tariff burden on RInfra customers,” said the directors on Monday. They added that these consumers would be the lowest end and would be charged at Rs1.30 per unit; while they pay a wheeling charge of Rs0.37 per unit to RInfra.
Till the time Merc comes up with an amicable solution to the power crisis, the electricity demand is likely to go down due to the arrival of the monsoon. All TPC proposals are subject to clearance by Merc. RInfra spokesperson said the company would comment only after studying the proposals.
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