Competition in power sector will help rationalise tariff: FM
If there is competition in the power distribution sector, it will improve efficiency and “control tariff”, Finance Minister Arun Jaitley said here on Friday. He was speaking at a function where he dedicated a 400 KV sub-station to the nation at Harsh Vihar in North-East Delhi. He further said that the government of India is formulating law so that the power generating companies may get coal mines and in turn may provide cheap electricity to consumers.
The Electricity (Amendment) Bill, 2014, that aims to bring reforms in the power sector and protect consumer interest was introduced in the Lok Sabha last week. The government earlier mentioned that the proposed legislation would promote efficiency in operations, improvement in quality of supply of electricity in the country and competition in the country, resulting in capacity addition and benefit to the consumers.
Union Power minister Piyush Goel claimed that with the commission of this sub-station and on completion of some other power projects, there will not be any requirement for investors and generators in East Delhi.
The government has set a target of doubling electricity generation from 1 trillion units to 2 trillion units, Power Minister Piyush Goyal said recently.
Delhi Transco Limited CMD Amit Yadav said the demand of power in East and North-East Delhi areas has witnessed enormous growth during the last few years. Keeping in view the increasing power requirement, Delhi Transco Limited has established a 400 kv sub-station in North Delhi.
The sub-station has been constructed using the state of art technologies such as Gas Insulated Switch Gears (GIS) etc. It has capacity to transmit 945 MVA power at 220 KV level and 480 MVA power at 66 KV level.
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