The Maharashtra Electricity Regulatory Commission on March 30 cut electricity tariffs by an average 8 percent for the next five years, according to its statement. Tata Power on Thursday said its Mundra subsidiary has made the second tranche of repayment for its bank loans.With this, the company said, all of the unit’s bank loans have been fully repaid. TATA POWER Announces Quarterly Results (2QFY20); Net Profit Up 20.2% (Quarterly Result Update) Nov 12, 2019 | Updated on Nov 12, 2019. MSETCLs … Tata Power – a part of Tata group has come up with an initiative of installing 500 charging stations across key cities in India by the end of 2020 thus giving the EV infrastructure setup a much needed boost. For the quarter ended September … Mumbai; Tata Power proposes tariff hike; Tata Power proposes tariff hike The company, which supplies electricity to about six lakh consumers in Mumbai, has sent a tariff petition to the Maharashtra Electricity Regulatory Commission (MERC), which will take a final call. tata power pat up by 10% at ₹ 268 crore; strong cash generation despite covid related pressure; renewable ebitda stood at ₹ 588 crore. Tata Power said that the power failure was attributed to cascade tripping at MSETCL sub-stations and transmission lines of state-run transmission company leading to grid failure at Mumbai that resulted in power outages on Monday morning, October 12th 2020. Tata Power arm CGPL repays loans worth Rs 1,550 crore Dec 03 2020 06:12 PM Tata Power raises Rs 1,000 crore via debentures Nov 27 2020 04:11 PM ₹ Earning + See More Apart from a robust and growing charging infrastructure, Tata Power is also working towards ensuring 24x7 quality power supply and a Time of Day (ToD) tariff structure. Approved Tariff for Generating Companies Approved Tariff for Generation Business (FY 2020-21 to FY 2024-25) Monthly Fuel Data: Generation Tata Power on Friday proposed Rs 5.85 and Rs 6.22 per unit as an average cost of supply to its electricity consumers for 2012-13 respectively. Indian Hotels Company Limited announced that it signed a power purchase agreement (PPA) with TP Kirnali Solar Limited, a wholly-owned subsidiary of Tata Power Company Limited.Under the agreement, Tata would provide renewable energy for IHCL’s Mumbai-based hotels for 25 years. Sales on the other hand came in at Rs 66 bn (down 8.4% YoY). Mumbai power cut: Power cut due to failure at Tata Power Kalwa plant, says BMC Updated : October 12, 2020 12:04 PM IST Most areas in Mumbai faced power outage on Monday morning. Tariff FY 2019-24 and Truing-up FY 2014-19. MUMBAI: A 31% hike in electricity tariff is in store for Tata Power low-end residential consumers in 101-300 units consumption category for this fiscal year, but there will be a drop in tariff of 12% in 2019-20. Tata Power said that it has put off plans to shut down the 4000 MW Mundra Power until March 20 after assurances were given by the Centre. As per a BSE filing submitted by Tata Power, the contract size is approximately ₹4.88 billion (~$66.55 million). Read more about Tata Power one step closer to tariff revision at Mundra power plant on Business Standard. Smoke rises from a chimney as electricity pylons stand at the Tata Power Co. Trombay Thermal Power Station in Mumbai, India. Tata Power's distribution arm Tata Power (D) with a consumer base of 600,000 in Greater Mumbai has proposed an average tariff hike of six per cent for 2016-17.In its annual revenue requirement and tariff proposal submitted to the Maharashtra Bookmark. Mumbai Tata Power, Adani Electricity hike tariff Mumbai India’s large cities staring at water crisis: Water Stress Index Mumbai Schools reopen in Maharashtra's Aurangabad; two … 3. Tata Power has responded positively to the state government’s appeal of uniform power tariff for the city. Maharashtra is one of the five states that procure power from Tata Power's Mundra ultra mega power plant in Gujarat. MUMBAI: Tata Power Company, country’s largest private power utility, has proposed an average hike of 19% to 35% in electricity tariff for the residential and commercial consumers in Mumbai for the year 2010-11. actual power factor of the consumer, for the relevant billing cycle and in case of non- availability of actual Power Factor, the Power Factor shall be considered as unity for sanctioned load/contract demand upto 10kW/11kVA. Mumbai: Tata Power Co has given power distribution companies in five states that buy electricity from its 4,000-MW Mundra plant time until March 20 to decide on accepting higher tariffs, after which the company will decide on continuing supplies to them. Bigger homes, especially with customers who have switched over and consume more than 300 units, might get relief MUMBAI: MSEDCL, which supplies power to Bhandup, Mulund, Thane, Navi Mumbai and the rest of the state, has proposed a 5-8% tariff hike for up to 300 units of consumption. Read more about Tata Power proposes 6% tariff hike for Mumbai consumers on Business Standard. As far as high tension industry consumers are concerned, Tata Power has proposed a reduction in per unit tariff to Rs 8.30 from Rs 8.82 and similar reduction is sought for high tension commercial consumers to Rs 8.60 from Rs 9.16. Earlier, Tata Power had said it … Maharashtra Electricity Regulatory Commission (MERC) was established by State Government under Section 14 of the Electricity Regulatory Commission Act, 1998 (14 of 1998). MPL Tariff Petition for FY 2019-24 and Truing up for FY 2014-19; FY 2014-19. Jul 10 2020, 11:02 AM Jul 10 2020, 11:02 AM July 10 2020, 11:02 AM July 10 2020, 11:02 AM. Apart from Gujarat, none of the states has approved tariff hikes. MUMBAI: Commercial power tariffs, like those for residential users, will witness a huge dip from April 1: 16.5% for BEST supply areas between Colaba-Cuffe Parade and Sion/Mahim, 21% for Tata … PTI @ PTI_News. tata power announces q1 fy 2020-21 results. Tata Power won the capacity in a bid announced by KSEB in September 2020. Public Notice for MPL Tariff Petition FY 14-19; Annexure 1 & 2; Annexure 3 & 8; Annexure 9; Annexure 10 to 25 In view of the crisis triggered by the coronavirus pandemic, the Maharashtra government has decided to reduce power tariff by an average of 7 per cent for consumers in the State. Mumbai: In a major tariff shock to residential consumers of Tata Power in the city, the state electricity regulatory commission on Friday approved a 25% increase in tariff for the year FY14. The average tariff reduction for Tata Power is slated to be 19% for the year 2020-21. Tariff cut by Maharashtra will hurt the revenue of private power distributors Tata Power Ltd. and Adani Transmission Ltd. at a time the demand for electricity has fallen as the Covid-19 pandemic has stalled business. A ToD tariff structure will encourage consumers to shift a part of their consumption load from peak times to off-peak times. Read on for a complete analysis of TATA POWER's quarterly results. Tata Power has issued a fresh statement on the Mumbai power outage: “Based on the preliminary assessment of the situation, Tata Power would like to inform that today many parts of Mumbai experienced an unforeseen electricity failure starting at 10 am in the morning due to tripping of MSETCL’s 400 KV transmission system at Kalwa which supplies to Mumbai and adjoining areas. For the quarter ended March 2020, TATA POWER has posted a net profit of Rs 3 bn (up 193.1% YoY). In a statement to the BSE, Tata Power said Coastal Gujarat Power (CGPL), a wholly owned subsidiary of the firm, repaid Rs 1,550 crore of bank loans on Wednesday. MUMBAI: Tata Power has proposed an average billing rate hike of 20-38% for a majority of its low-end residential the changeover consumers. We are also working on other innovations like a web-based mobile application that offers … (Photographer: Dhiraj Singh/Bloomberg) Gujarat Withdraws Tariff Government Resolution For Imported Coal-Run Power Units. In comparison, Reliance Energy consumers in suburbs will witness a maximum hike of 9 % for low-end residential consumers this fiscal year and there will be a dip of 17% in 2019-20. In November 2020, NTPC had won 90 MW of solar projects in KSEB’s reverse e-auction for 200 MW. For above 500 units, Tata Power's tariff will fall to Rs 9.40 from Rs 10.27, while R-Infra has proposed a 4 per cent rise to Rs 11.15 from Rs 10.77. 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