The amendments proposed in the Act are progressive, and aim to address some of the immediate concerns that plague the sector. Electricity is a concurrent subject constitutionally, with a layer of complex political economy. The sector suffers from legacy issues which hinder operational efficiencies and business prudence. While significant improvements have been made to reduce […]
Power industry gives thumbs up to proposed Electricity Act Amendments
According to Khurana, in order to avoid any jurisdictional issues between CERC and the new Electricity Contract Enforcement Authority, bifurcation of their functions should be spelt out clearly New Delhi: The Power ministry’s proposed amendments to the Electricity Act of 2003 have received a thumbs up from the industry with players welcoming the proposed push […]
