The Uttar Pradesh electricity regulator has approved transmission capex of Rs20,000 crore for FY18-20, a jump of 107% over FY15-17. The power sector regulator in Uttar Pradesh, the Uttar Pradesh Electricity Regulatory Commission, has approved several steps that can not just strengthen the financial position of state utilities but also increase opportunities for companies in the transmission and distribution (T&D) EPC business. Of this 81% or Rs16,200 crore is for new projects, said Elara Capital. According to Emkay Global Financial Services Ltd, state utility Uttar Pradesh Power Corporation Ltd constituted a task force to assess existing and forthcoming PPAs and cancel unviable ones. Thanks to the improvement in power supplies, Uttar Pradesh is already seeing the fastest growth in electricity consumption (fiscal year till October).

Source: Mint December 06, 2017 02:26 UTC