Monday, May 27, 2024
    HomeHyderabadTelangana government to implement new power policy

    Telangana government to implement new power policy

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    The state government of Hyderabad is investigating alleged irregularities in the purchase of power from power generation companies and excess payments made to these companies during the previous regime. Chief Minister Revanth Reddy held a high-level meeting with officials at the Secretariat to review the previous power purchase agreements (PPAs). The Chief Minister also instructed TSGENCO and TSTRANSCO officials to propose new measures to increase power generation and complete ongoing power plant works in the new power policy. A comprehensive study of existing power policies adopted by other state governments will be conducted before implementing a new power policy in the state. The Chief Minister also asked for a detailed report on agreements made by electricity companies and the Electricity Regulatory Council (ERC) from 2014 onwards, including rates at which power was purchased and year-wise agreements entered by discoms. The reasons for entering into agreements with excess payments and the relevant rules for power purchases at higher rates will also be examined. The authorities have been instructed to purchase power from companies that offer lower prices in the open market. The government plans to discuss the proposed new power policy with energy experts and representatives from all political parties. The meeting also addressed issues such as power consumption, uninterrupted power supply, new power generation units, and the Griha Jyoti scheme. Officials provided the Chief Minister with information on the state’s power generation capacity, power purchases, DISCOMS performance, and financial situation.

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