MERC

Torrent Power on Tuesday said it has bagged a 1,500 MW pumped hydro storage project (PSP) from Maharashtra State Electricity Distribution Co. Ltd. Torrent Power Ltd has emerged as a successful bidder and has received Letter of Intent (LOI) from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) on 17th September 2024 for procurement of 1,500 MW/12,000 MWh Energy Storage Capacity from Pumped Hydro Storage Project, the company said in a statement. Detailed letter of award will be issued by MSEDCL upon obtaining necessary approval from the Maharashtra Electricity Regulatory Commission (MERC) in terms of the tender document on the quoted tariff, it said. The pumped hydro storage project will supply power to MSEDCL for 40 years as part of the deal, it said. Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), the company shall make available to MSEDCL a contracted capacity of 1,500 MW capable of scheduled discharge of eight hours (with maximum continuous five hour

The Maharashtra Electricity Regulatory Commission (MERC) on Thursday partly allowed Tata Power's petition to hike electricity charges for its consumers in the financial capital. The regulator's order will give some relief to lower-end consumers, and the tariff hikes will be over 50 per cent as well. The revisions are for FY25, and effective from April 1. Earlier, the power utility, which serves over 7.5 lakh consumers in the city, had proposed a "rationalization" of tariffs where it was pitching for more than doubling the rate per unit paid by those consuming up to 100 units per month, while the extent of the proposed hike was lower for those at the higher end. In a statement issued after the MERC order, Tata Power said even after the order, its tariff for the residential category of up to 100 units remains "the lowest" when compared with competition. It, however, conceded that its tariff for the 101-300 units a month category is "slightly higher than other private player". The ..

After several power outages in Mumbai, the MERC in 2013 gave its approval to the detailed project report of the Aarey-Kudus electricity transmission project of Reliance Energy

The bench said NCLT failed to appreciate the question of time-bound initiation and completion of corporate insolvency resolution process could only arise if companies were bankrupt or insolvent

The high-level committee has been given three months'' time to submit its report, MERC said in an order, adding the same can be extended if so sought by the panel

Introduces voltage based differential tariffs for high tension consumers

Tata Power has a consumer base of about 600,000. R-Infra distributes power to three million consumers in Greater Mumbai

The regulator allows 1.85% hike for Tata