APERC ‘erred’, market purchase saved Rs 22.7 crore: Energy department

VIJAYAWADA: A day after the AP Electricity Regulatory Commission’s (APERC) missive to the state government over power procurement from markets surfaced, the energy department claimed that the commission has “erred” in calculating the “hypothetical loss” by taking normally available energy instead of the actual energy available from the approved sources. In fact, the distribution companies […]

Go Electric: 400 charging stations in Andhra in phase 1

VIJAYAWADA: Noting that the state government was making a big push towards encouraging electric mobility in Andhra Pradesh, Energy, Forest and Environment Minister Balineni Srinivasa Reddy launched ‘Go Electric’ campaign on Thursday. The minister said that steps were being taken for setting up 400 charging stations, which are critical for building the electric vehicle ecosystem, […]

CAG audit criticises KSEB

THIRUVANANTHAPURAM: The CAG report also has criticism against the KSEB. The loss incurred by PSUs in the power sector was Rs 1,853.80 crore in 2018-19 against profit of Rs 144.95 crore in 2014-15. According to the latest finalised accounts, Kerala State Power and Infrastructure Finance Corporation and KINESCO Power and Utilities Private Ltd earned profit […]

Centre to auction ‘major’ oil, gas fields of ONGC, OIL: Minister Dharmendra Pradhan

NEW DELHI: The government will auction unmonetised large oil and gas fields of state-owned ONGC and OIL to boost the country’s hydrocarbon production, Petroleum Minister Dharmendra Pradhan said on Thursday. Speaking on the launch of the third round of auction of small discovered fields, he said companies cannot indefinitely sit on resources they may have […]