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
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