HARD TASK AHEAD ON POWER TARIFF RATIONALISATION
Article Abstract:
The Power Subsidy Bill for 1998-99 is estimated to grow at 12 percent to Rs25,772 crore according to the 1997-98 Economic Survey. The power subsidy Bill was Rs23,010 crore in 1997-98. Of this amount, subventions or budgetary support provided by the government came to only Rs3,807 crore or 16.5 percent of the total Rs23,010 crore in 1997-98. The Indian government has decided to set up regulatory authorities at the federal and state levels which could look into tariff rationalisation. The recent power ordinance states that all state governments would have to provide for subsidies given to agriculture and domestic sectors within three years. The state electricity boards (SEBs) whose losses are projected to increase to Rs11,378 crore in 1998-99, will not continue with subsidies if they do not get help from their respective state governments. (uh) ------------------------------------------------------------ State Power Sector Performance: Gross Subsidy (in Rs crore) ------------------------------------------------------------ Electricity Sale to: 1996-97 1997-98* 1997-98+ ------------------------------------------------------------ Agriculture 15,628 18,296 20,432 ------------------------------------------------------------ Domestic 4,234 4,714 5,340 ------------------------------------------------------------ Inter-state sales 285 235 331 ------------------------------------------------------------ Total 20,147 23,245 26,103 ------------------------------------------------------------ * = revised estimate; + = annual plan projections ------------------------------------------------------------
Comment:
India: Power Subsidy Bill for 1998-99 estimated to grow at 12% to Rs25,772 crore according to 1997-98 Economic Survey
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
INFUSING POWER INTO POWER SECTOR
Article Abstract:
The government's plans to attract large investments into the power sector have not been very successful. Out of the 311 private projects envisaged in August 1998 to install 67,079 mw of generating capacity at a cost of Rs256,429 crore only 59 projects with a combined capacity of 9264 mw are currently being implemented. Public investments into the power sector have been severely constrained due to the large cuts in budgetary allocations. The country added capacities of 89,090 mw in 1997-98 against 85,742 mw in 1996-97. The Union Power Ministry has decided to float tenders for 15 mega power projects aggregating 75,000 mw in 1998-99. (khr)
Comment:
India: Government's plans to attract large investments into the power sector have not been very successful
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
KEB HIKES POWER TARIFF BY 11%
Article Abstract:
Karnataka Electricity Board (KEB) has increased the power tariff for consumers in Karnataka by 11 percent. The tariff has been increased by 6.5 percent for high tension consumers. The increase in tariff will help KEB mop up an additional income of Rs3,000 crore during 1998-99. The tariff has been hiked by 10 percent for domestic consumers. For high tension consumers, the rate has been fixed at Rs4.15-Rs4.75 per unit. The Karnataka government has decided to increase the power tariff as per the recommendation of the joint legislature committee on power tariff during 1997-98. (gs)
Comment:
India: Karnataka Electricity Board increases power tariff for consumers in Karnataka by 11%
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: EID PARRY BEATS THE HEAT WITH 28% RISE IN PAT EID PARRY TO HIKE STAKE IN CFL BY 21%. MANGALORE CHEM Q2 NET PROFIT JUMPS 148%
- Abstracts: SEARLE REGISTERS 43% FALL IN NET PROFIT NOVARTIS HIKES DIVIDEND TO 40% PONDY OXIDES NET PROFIT UP 105%
- Abstracts: AUROFOOD TO GO NATIONAL WITH NEW DISTRIBUTION SYSTEM OIL BE CAREFUL, COCONUTS ARE FALLING KERA TO HIT NATIONAL MARKETS THROUGH INTER-STATE TIE-UPS
- Abstracts: WORLD BANK DEFERS $865-M LOANS TO INDIA RICH NATIONS LEAN TOWARDS INDIA AGAINST SANCTIONS MRPL DEFERS GDR, PLANS TIE-UP WITH GULF OIL CO
- Abstracts: LLOYDS STEEL DEAL WITH WESTERN COALFIELDS CIL MAY BE HIT BY 5% IMPORT DUTY CUT. PIG IRON MAKERS MOVE SC AGAINST DUMPING DUTY