Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
  
AIPEF criticizes blackmailing tactics of Reliance
All India Power Engineers Federation (AIPEF) has appealed to BJP's PM candidate Narendra Modi to intervene against sinister design of Reliance who has served an arbitration notice for delaying revision in gas prices from domestic fields of KG-D6.
Shailendra Dubey AIPEF Chairman said that AIPEF is of the firm opinion that no blackmailing should be tolerated and Reliance and its partners be handled with heavy hand.

Dubey said that due to gas price hike power tariff will be unviable for Discoms and move hampering the common man's interest may be thwarted before taking over of new Government. He said that in light of observations rose by Central Electricity Authority (CEA) in response to the oil Ministry's notification on gas pricing policy it becomes more important that no haste step should be taken when elections are almost over & new Government may takeover in next 10 days.

He said that as per CEA higher gas price from April 01 would turn electricity from gas fired plants unaffordable for state Discoms as power tariff would rise to Rs. 6.50 to Rs. 7.50 per unit which is presently in the range of Rs. 4 to Rs. 4.50 per unit.

He said that gas fired power plants make up about a quarter of the installed generation capacity in the country, therefore immediate intervention is necessary to save the gas power plants which may be switched off completely due to commercially unviable power cost.

It may be added that CEA has raised the issue of natural gas pricing in Dollar which will also affect Discoms as power plants pay in Rupees while due to Dollar prices of gas they are susceptible to foreign exchange fluctuations and consequently fluctuations in power tariff.

Dubey alleged that the arbitration notice of Reliance is a as blackmail tactic just before taking over of new Government and will give Reliance additional benefit of Rs. 50000 crore per year while power tariff will go up by Rs. 02.00 to Rs. 2.50 per unit.

He further alleged that RIL deliberately did not supply sufficient gas to power plants in 2013-14 due to which about 21000 mega watt capacities of gas plants suffered but instead of levying penalty Government has doubled the gas prices.


COMMENTS (0)
Guest
Name
Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
}
Sign in to set your preference
Advertisement

Interesting content

merinews for RTI activists

Create email alerts

Total subscribers: 208658
Advertisement
Vibhav Kant Upadhyay
ISL - Indian Super League 2014
Indian Super League Fixtures
Not finding what you are looking for? Search here.