The good news: Gujarat's electricity bill will be reduced, the government took this decision in the year 2018 due to the increase in coal prices, the state government has canceled the resolution allowing electricity companies to charge higher tariffs.
The government has also claimed that the people will benefit from the reduction in coal prices in the international market as per the new decision and guidelines. According to the new guidelines, people are likely to benefit by 30 paise per unit. In addition, the government has decided to purchase coal keeping in view the various indexes and prices of the international coal market.
20:04 94 Canceling the old resolution, the government has now implemented the new guidelines which came into force on 12-6-2020. Is. Of the provisions of the old resolution and the new guidelines. In comparison, consumers are likely to benefit by 30 paise per unit. This guide covers the price of coal based on the well-known and reliable index of the coal market.
The government claims that the project will be calculated by the project developer at a competitive rate and that the people will benefit from the reduction in coal prices in the international market. Therefore, the resolution of 1-12-2018 was brought into implementation. The resolution dated 1-12-2018 was for three imported coal based power projects located in Gujarat.
Under which four power purchase agreements were made for the purchase of coal, Coastal Gujarat Power Ltd. The agreement was not signed due to non-consent of other participating states. The agreement with Essar Power also did not work. On the other hand, Essar Power Gujarat Ltd. The agreement was granted conditional approval by the Gujarat Electricity Regulatory Commission and the agreement has not been implemented as Essar has filed a petition in the Apple Tribunal against the conditional approval.
The supplementary agreement with Adani Power also included a provision in Resolution 1-12 2018 that the loss of the previous period would be borne by the project developer. GUVNL has been asked to cancel the contract with Adani for violating this condition. Has filed a petition with the Central Electricity Regulatory Commission and it is pending.
So none of these companies are eligible for tariffs as per the old resolution. By repealing this resolution, the government has started implementing the new guidelines dated 12-6-2020.
