Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

Gaps remain unplugged in India-EU FTA talks
India and the European Union (EU) have agreed to sign a free trade agreement (FTA) by 2010, though it appears to be a far cry as they still have differences over the inclusion of social issues like labour laws, human rights and environment.

Eight more die of swine flu in India, toll rises to 359
Swine flu claimed eight more lives across the country raising the total number of deaths to 359 till now.

News of the day

Telangana issue: TDP, Praja Rajyam in fix; may alter stand
Telugu Desam Party (TDP) and Praja Rajyam Party are in a fix over their stand on Telangana and the leaderships have dropped enough hints about a "re-think" in the wake of mounting pressure from within the ranks for a unified Andhra Pradesh.
Public Company

Torrent Power seeks 15% to 16% hike in tariff

Company files tariff proposal for 2010-11 with GERC. - No power tariff hike by state power companies: GERC - New project plans fails to drive Torrent Power - GPCL, Torrent to set up 1000 MW plant at Pipavav - Size does matter, sometimes - Torrent Power cuts fuel surcharge by 1 paise - U"khand power privatisation on cards Just a week after Gujarat Electricity Regulatory Commission (GERC) turned down its proposal to raise electricity tariff, Torrent Power Ltd (TPL) today again approached the state power regulatory seeking 15-16 per cent hike in power tariff rates. The private sector company, which supplies power to 21 customers in Ahmedabad, Surat and Gandhinagar, has filed a new tariff proposal for 2010-11 and annual performance review (APR) for the fiscal 2009-10. "In the previous tariff proposal Torrent had sought 15 per cent hike in power tariff. However, the commission did not allow any increase in the tariff rates. As part of a fresh tariff proposal, the company has sought 15 per cent to 16 per cent raise in electricity tariff," said a source closely monitoring the development. The new tariff petition and annual performance review has been filed by the company following GERC"s order asking Torrent and state power utilities to file tariff proposals and APR by 15 December, 2009. It may be mentioned here that Torrent Power had sought 15 per cent increase in power tariff rates for the year 2009-10. However, the commission last week chose not to raise power tariff and order the company to levy prevailing rates. "GERC did not allow hike in rates as most part of the fiscal 2009-10 had passed," the source added. The commission had also pulled up power utilities for not filing APR and tariff proposal in stipulated time frame. The order pertaining to tariff proposal and APRs filed by Gujarat Urja Vikas Nigam Ltd (GUVNL) and its affiliate power companies, the GERC also asked the companies to rationalise electricity duty. It also introduced new tariff category for agriculture.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009