Financial Daily from THE HINDU group of publications
Wednesday, May 18, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Power


SEBs' unbundling deadline extended by six months

Our Bureau

New Delhi , May 17

THE Centre has decided to extend by six months the June 9, 2005 deadline for unbundling of State Electricity Boards (SEBs), as mandated by the Electricity Act 2003.

Following a three-hour-long meeting with Left party representatives led by the Communist Party of India's General Secretary, Mr A. B. Bardhan, here on Tuesday, the Power Minister, Mr P.M. Sayeed, said the Government would consider taking steps to address the concerns raised by the Left parties regarding the provision of elimination of cross-subsidies in the Act.

The Left parties had called for a review of several provisions in the Electricity Act 2003, including the deadline for unbundling of all the SEBs and the issue of elimination of cross-subsidy across consumer tariffs in States. This was the third meeting between Mr Sayeed and the Left party leaders on the issue of review of the Act.

Following the meeting, Mr Bardhan said that the issues raised by the Left parties were discussed at length and that in light of the discussions, the Left Coordination Committee meeting would take up the issue of calling off the nationwide strike of electricity unions on May 31.

Mr Sayeed also assured the Left party members that the Centre's role in the rural electrification activities would be suitably provided through an amendment in the Act. The Left parties had been demanding a more proactive role by the Centre in the area of rural electrification. "The Government would take care of the concerns regarding the misperceptions about the creation of an urban-rural divide in the Act," Mr Sayeed said.

He said during the next six months, the Government would continue the process of review of the provisions related to reorganisation and restructuring of the SEBs in the Electricity Act, 2003 based on the status and the impact of its implementation so far.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
New lottery agencies to be allowed


Kerala CM firm on Smart City project
Karnataka Govt firm on retaining ONGC investments
Curb industrial pollution in Vizag: CPI(M)
Type 2 diabetes gene identified
A campaign to give voice to HIV-infected women
`Voluntary donors a source of safe blood'
IOC to match Reliance's discount to Railways
Maharashtra move on equitable power cuts
SEBs' unbundling deadline extended by six months
Power point
4 pc tax sop to SEZ goods sold to DTA
Modernisation scheme for TN ginners relaxed
UK visa section to stay closed from May 23-31
Truck, bus tyre output surges in March
Metaljunction hints at importing coking coal
Govt clears DTH proposals of Space TV, Sun Direct
Panel to look into Prasar Bharati's finances
BPL Mobile users can access higher secondary results
Exam results on R World
Ministry to submit draft of integrated food law to Cabinet
Dubbed Hollywood flicks boost box office
Mega voice
Edible oil imports rise 21 per cent
Exports post 17.2% growth in April


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line