Daily Archive: September 3, 2012

CERC penalises 12 utilities for not having letters of credit

State power utilities have been penalised for not complying with the provisions of the Electricity Act, 2003, while drawing power under the unscheduled interchange mechanism. In a path-breaking order, the Central Electricity Regulatory Authority...

Don’t cancel coal blocks, levy high royalties

Opposition parties want Manmohan Singh’s head for supposed corruption in 57 coal blocks that were allocated, not auctioned. The government is under pressure to cancel the allocations. That would be politically, legally and economically...

Column : Fuel for power

The CAG’s reports on coal have raised a furore. The estimates of revenues lost by government are to a large extent notional and can be estimated in different ways. The methods by which some...

Coalgate: Double gain for power producers?

Is the government extending double benefit to some power producers by forcing Coal India Ltd (CIL) to sign fuel supply agreements (FSAs) with promoters who had already been allotted coal blocks? This is the...