Meeting reg ELECTRICITY TARIFF INCENTIVE SCHEME DECLARED FOR VIDARBHA & MARATHWADA

On 30 June, 2016 from 6.00 pm sharp to 7.30 pm at VIA

Forum: Energy & Coal Forum

Speaker: Shri R B Goenka,

THE Government of Maharashtra had announced an incentive scheme in electricity tariff for industrial consumers which would reduce the power bills. The move was expected to revive the sick and stressed industrial units like rolling mills, plastic industries and textile units. Further, the reduced power tariff was expected to attract new investments to Vidarbha region, said Shri R B Goenka, Director of MSEDCL and Chairman of the VIA Energy Forum, during a presentation on the ‘Incentive Scheme in Electricity Tariff for Vidarbha, Marathwada, North Maharashtra and D and D+ areas’, organised by the VIA.

 

Shri Goenka also said that the industrial units would get a

rebate ranging from Rs 2.25 per unit to Rs 2.50 per unit.

Also, the new units would get an additional

rebate ranging from Rs 1.10 per unit to Rs 1.50 per unit.

 

The new rates were applicable with retrospective effect from April 1, 2016, for a period of three years.

 

The Government of Maharashtra would bear the burden of rebate which would come to approximately Rs 1,011 crore.

 

He said that the reduced power tariff would stop units from migrating to open access. It would also make products made in Vidarbha more competitive compared to products manufactured in the neighbouring states like Chhattisgarh. Lower power tariff, coupled with the advantage of Nagpur being strategically located in the centre of the country, would help attract fresh investment proposals. “It is expected that new investments will come from west Maharashtra and adjoining states. Further, the existing units which are planning to shift to adjoining states will stay here.”

 

Shri Goenka said that in order to further lower the power tariff, the Government was looking towards renegotiating certain conditions in the existing power tariff agreements. Shri Atul Pande, President of the VIA gave the opening remarks. Shri Suhas Buddhe, Hon. Secretary- VIA was also present.

 

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