Part of REL stake being sold to foreign company ...
One fine day, he may just reduce REL to a loss-making distcom .. and hive off all other profitable parts of the business .. and then collect MORE tariff quoting losses ....
Its a WIN-LOSE situation .. Ambani wins .. and all consumers lose ... just wait and watch ..
The article appears here:
http://www.businessworld.in/content/view/2561/2639/
and goes like this ...
"Anil Ambani is back to doing what he is best at — deals. The Anil Dhirubhai Ambani Group (ADAG) chairman is planning to sell a 5 percent stake in his power generating company — Reliance Energy (REL) —to a foreign but hitherto unnamed partner.
Officials close to the negotiations between REL and its future partner say that the deal is nearing closure. The shares may be sold at Rs 1,100 a share, Rs 93 higher than the conversion price of foreign currency convertible bonds (FCCBs) issued in 2004 and Rs 154 higher than the closing price on BSE on 19 September.
Offloading 5 per cent will fetch REL a cool Rs 1,254 crore."
Saturday, November 10, 2007
CFLs are toxic ..
Well, I had mentioned this earlier, that in India we have no formal policy for dumping (I think, disposal is the right word..) for CFLs.
While curtailing consumption, we may land ourselves in a more serious problem.
More here:
http://groups.yahoo.com/group/bijlee/message/938
While curtailing consumption, we may land ourselves in a more serious problem.
More here:
http://groups.yahoo.com/group/bijlee/message/938
MERC handing out more goodies to Private Discoms
MERC has not been able to satisfactorily handle (and/or regulate) private distributors in Mumbai, and yet it is going on granting distribution rights to others.
Here is the latest move:
"Crompton Greaves bags 3 power distribution divisions in Nagpur
Mumbai, Sept. 18 Maharashtra State Electricity Distribution Company Ltd (MSEDCL) will give three divisions in the Nagpur circle to Crompton Greaves Ltd for distribution of power.
Earlier in the year, the loss-making Bhiwandi circle was handed over to Torrent Power for similar purpose.
Aurangabad, Ulhasnagar, Kalwa, Ahmednagar, Dhule, Malegaon and Jalgaon circles could also be soon offered to private companies."
More here:
http://groups.yahoo.com/group/bijlee/message/933
Here is the latest move:
"Crompton Greaves bags 3 power distribution divisions in Nagpur
Mumbai, Sept. 18 Maharashtra State Electricity Distribution Company Ltd (MSEDCL) will give three divisions in the Nagpur circle to Crompton Greaves Ltd for distribution of power.
Earlier in the year, the loss-making Bhiwandi circle was handed over to Torrent Power for similar purpose.
Aurangabad, Ulhasnagar, Kalwa, Ahmednagar, Dhule, Malegaon and Jalgaon circles could also be soon offered to private companies."
More here:
http://groups.yahoo.com/group/bijlee/message/933
Delhi Govt yet to submit ATR
As usual, the Govt is dragging its feet .. and no one seems to care .. here is a news item that begins:
"The Delhi govt is yet to submit the action taken report on the findings of a panel on power privatisation in the city to the assembly and Lt Governor Tejendra Khanna is seized of the matter, Speaker Chaudhary Prem Singh said today.
"We are yet to get the report. We have intimated the Governor's office that we have not received the report so far," Singh said.
Singh was responding to a query from the reporters if he had received the action taken report on the findings of the Public Accounts Committee led by Congress MLA S C Vats, which had recommended probe in the case by the CBI."
More details here:
http://groups.yahoo.com/group/bijlee/message/932
"The Delhi govt is yet to submit the action taken report on the findings of a panel on power privatisation in the city to the assembly and Lt Governor Tejendra Khanna is seized of the matter, Speaker Chaudhary Prem Singh said today.
"We are yet to get the report. We have intimated the Governor's office that we have not received the report so far," Singh said.
Singh was responding to a query from the reporters if he had received the action taken report on the findings of the Public Accounts Committee led by Congress MLA S C Vats, which had recommended probe in the case by the CBI."
More details here:
http://groups.yahoo.com/group/bijlee/message/932
Is this for real ??
BMC has asked REL to light up immersion sites all across Mumbai ...and till recently REL was fighting with MERC to not allow Tata to give 800 MW to BEST as they are short of power !!
The article goes on to say ..."Reliance energy have also said that there will be no shortage of electricity in the city, They have sufficient capacity to meet the need of this festival, There are around 7000 odd pandal that lights up from 6pm to 12mid-night. "
Oh Boy !! Someone please file an RTI application quick - to find out from BMC why did they ask REL, when they have their own BEST who can do this !
Also, if REL has actually made this statement ... find out how can REL conclude that there will not be any power shortage .. have they done any study ?? Let's see a copy of that.
The article appears here:
http://theseaguardianlifeguard.blogspot.com/2007/09/reliance-energy-to-put-flood-light.html
The article goes on to say ..."Reliance energy have also said that there will be no shortage of electricity in the city, They have sufficient capacity to meet the need of this festival, There are around 7000 odd pandal that lights up from 6pm to 12mid-night. "
Oh Boy !! Someone please file an RTI application quick - to find out from BMC why did they ask REL, when they have their own BEST who can do this !
Also, if REL has actually made this statement ... find out how can REL conclude that there will not be any power shortage .. have they done any study ?? Let's see a copy of that.
The article appears here:
http://theseaguardianlifeguard.blogspot.com/2007/09/reliance-energy-to-put-flood-light.html
Here we go again ...
Come September .. and it's time for the Power Utilities to start their routine...
The media starts getting flooded with reports of impending doom about the power scenario.
Here is the first of many reports... this one pegs Maharashtra's shortage at 3500 MW.
http://groups.yahoo.com/group/bijlee/message/915
The media starts getting flooded with reports of impending doom about the power scenario.
Here is the first of many reports... this one pegs Maharashtra's shortage at 3500 MW.
http://groups.yahoo.com/group/bijlee/message/915
News from Mysore
The bijlee power struggle is everywhere ... here is what is happened in Mysore.
http://groups.yahoo.com/group/bijlee/message/907
http://groups.yahoo.com/group/bijlee/message/907
Consumer Activists protest against Power companies
Here is the full text of a Press Release from CERS:
ELECTRICITY COMPANIES ENDANGERING LIVES OF CONSUMERS
The Ahmedabad based Consumer Education and Research Society has filed a petition before Gujarat Electricity Regulatory Commission against State owned four Distribution Companies and Chief Electrical Inspector for violation of Electricity Rule-33 of Indian Electricity Rules-1956 which mandates provision of separate earth terminals atthe premises of residential and commercial consumers.
The existing practice of providing earth terminal from solidly grounded neutral at transformer end is out dated and does not fulfill provision of Electricity Rule - 33. These DISCOMS continue to follow old and obsolete 'TT' system of earthing, that too not fully wherein case of earth fault MCB/fuse at consumers' premises remains as show piece and will not cut of power supply of consumer.
The new and safe 'TNCS' or 'TNS' systems of earthing provides better safety to consumers' lives and property against electric shock/fire/voltage related damages. The private Distribution Companies in Gujarat follow this new system of earthing since ages. .pa
During last hearing on 30th August 2007 before Hon'ble Commission the monitoring agency i.e. office of Chief Electrical Inspectorate and four Discoms of Gujarat submitted that the cost of providing separate earth terminals will cost Rs.300/- to each consumer putting a burden of Rs.275 crores on four DISCOMS.
CERS strongly objected to this proposal and representated before GERC that these DISCOMS have already collected the amount while providing new connections to consumers under the head of Service Line Charges but failed to provide separate earth terminals to consumers' premises violating Rule-33. Therefore the consumers are not liable to pay any amount and the cost has to be borne by DISCOMS.
The Hon'ble Commission reprimanded and directed CEI and all DISCOMS to study the system prevailing at Torrent Power and resolve this issue by implementing Rule 33 of IER-1956 and submit Action Taken Report to GERC before 15th October 2007.
CERS was representated by Shri K K Bajaj (Hon Director) and Shri V.J.Vachharajani (Consultant).
ELECTRICITY COMPANIES ENDANGERING LIVES OF CONSUMERS
The Ahmedabad based Consumer Education and Research Society has filed a petition before Gujarat Electricity Regulatory Commission against State owned four Distribution Companies and Chief Electrical Inspector for violation of Electricity Rule-33 of Indian Electricity Rules-1956 which mandates provision of separate earth terminals atthe premises of residential and commercial consumers.
The existing practice of providing earth terminal from solidly grounded neutral at transformer end is out dated and does not fulfill provision of Electricity Rule - 33. These DISCOMS continue to follow old and obsolete 'TT' system of earthing, that too not fully wherein case of earth fault MCB/fuse at consumers' premises remains as show piece and will not cut of power supply of consumer.
The new and safe 'TNCS' or 'TNS' systems of earthing provides better safety to consumers' lives and property against electric shock/fire/voltage related damages. The private Distribution Companies in Gujarat follow this new system of earthing since ages. .pa
During last hearing on 30th August 2007 before Hon'ble Commission the monitoring agency i.e. office of Chief Electrical Inspectorate and four Discoms of Gujarat submitted that the cost of providing separate earth terminals will cost Rs.300/- to each consumer putting a burden of Rs.275 crores on four DISCOMS.
CERS strongly objected to this proposal and representated before GERC that these DISCOMS have already collected the amount while providing new connections to consumers under the head of Service Line Charges but failed to provide separate earth terminals to consumers' premises violating Rule-33. Therefore the consumers are not liable to pay any amount and the cost has to be borne by DISCOMS.
The Hon'ble Commission reprimanded and directed CEI and all DISCOMS to study the system prevailing at Torrent Power and resolve this issue by implementing Rule 33 of IER-1956 and submit Action Taken Report to GERC before 15th October 2007.
CERS was representated by Shri K K Bajaj (Hon Director) and Shri V.J.Vachharajani (Consultant).
Little brother playing "Catch Up"
So now we know why the electricity tariff keeps going up .. little brother seems to be playing "catch-up" - and the distance is quite far !!
With help from us (gullible) electricity consumers, he'll get there soon !!
NEWS: Mukesh Ambani's salary is ten times that of Anil's ...
http://www.business-standard.com/common/storypage.php?autono=296625&leftnm=1&subLeft=0&chkFlg=
Text is also here:
http://groups.yahoo.com/group/bijlee/message/888
With help from us (gullible) electricity consumers, he'll get there soon !!
NEWS: Mukesh Ambani's salary is ten times that of Anil's ...
http://www.business-standard.com/common/storypage.php?autono=296625&leftnm=1&subLeft=0&chkFlg=
Text is also here:
http://groups.yahoo.com/group/bijlee/message/888
Brothers in Arms ..
It seems I am not the only one screaming out ... here's another ...
http://worldbankout.blogspot.com/2007/08/poor-who-pay-for-price-of-power-reforms.html
http://worldbankout.blogspot.com/2007/08/poor-who-pay-for-price-of-power-reforms.html
Reward scheme to check power theft
Watch out Delhi .. here comes REL/BSES with another one of its great "schemes" ...
How about a "tip-off" scheme for blowing the whistle on REL/BSES also .. maybe some consumers should start that as well :)
More here:
http://groups.yahoo.com/group/bijlee/message/882
How about a "tip-off" scheme for blowing the whistle on REL/BSES also .. maybe some consumers should start that as well :)
More here:
http://groups.yahoo.com/group/bijlee/message/882
PM needs to issue a Press Release to get informatoin from his own Depts !!
Here is the PM waking up from his slumber .. and wanting to know what is happening on the Power Reforms front ..
Looks like they do not have a sensible reporting/feedback system in place .. as the PM has to issue a Press Release to get an update from one of his own departments !!
These guys need help badly .. !!
Full text is here:
http://groups.yahoo.com/group/bijlee/message/880
Looks like they do not have a sensible reporting/feedback system in place .. as the PM has to issue a Press Release to get an update from one of his own departments !!
These guys need help badly .. !!
Full text is here:
http://groups.yahoo.com/group/bijlee/message/880
Govt keeps private sector out - Really ?
There was a news item that appeared saying this ...
"The Government said private sector cannot participate in nuclear power generation under the existing Atomic Energy Act but a review is required in view of changing situation.
"Atomic Energy Act, 1962 allows nuclear power generation only by a Central Government company," Prithviraj Chavan, Minister of State in the PMO, told Lok Sabha during Question Hour.
As far as manufacturing of equipment and components is concerned, he said no policy change is required.
In fact, the Government has encouraged and worked with both public and private companies in this regard, the Minister said.
It was only in nuclear power generation that no decision has been taken with regard to private sector's participation, he said.
The existing Act was last repealed in 1962 and since then various developments have taken place in the area, the Minister said.
The review of the Act is under consideration for the past 10 years, he said. An expert committee was set up in 1997 under the chairmanship of scientist Raja Ramana who gave a report in 1998, he said.
Asked about recommendations of the Committee, Chavan said these related to national security and strengthening of the regulatory mechanism in the atomic energy."
Now, if this is the case then what about reports that companies like Reliance Energy, Tata Power, etc. were very keen on setting up Nuclear power projects .. there was a lot of media hype when the US delegation visited India ...
Really ?? .. or were those news items released only to pump up the share prices of those companies .. REL share has almost doubled since June 2007 ....
"The Government said private sector cannot participate in nuclear power generation under the existing Atomic Energy Act but a review is required in view of changing situation.
"Atomic Energy Act, 1962 allows nuclear power generation only by a Central Government company," Prithviraj Chavan, Minister of State in the PMO, told Lok Sabha during Question Hour.
As far as manufacturing of equipment and components is concerned, he said no policy change is required.
In fact, the Government has encouraged and worked with both public and private companies in this regard, the Minister said.
It was only in nuclear power generation that no decision has been taken with regard to private sector's participation, he said.
The existing Act was last repealed in 1962 and since then various developments have taken place in the area, the Minister said.
The review of the Act is under consideration for the past 10 years, he said. An expert committee was set up in 1997 under the chairmanship of scientist Raja Ramana who gave a report in 1998, he said.
Asked about recommendations of the Committee, Chavan said these related to national security and strengthening of the regulatory mechanism in the atomic energy."
Now, if this is the case then what about reports that companies like Reliance Energy, Tata Power, etc. were very keen on setting up Nuclear power projects .. there was a lot of media hype when the US delegation visited India ...
Really ?? .. or were those news items released only to pump up the share prices of those companies .. REL share has almost doubled since June 2007 ....
Subscribe to:
Posts (Atom)