The suburban Mumbairesidents may have to pay a little extra for electricity if state power regulator Maharashtra Electricity Regulatory Commission (MERC) accepts Reliance Power’s (R-Power) application demanding tariff hike. The consumers may have to face hike of 40 to 45 paisa per unit.
Reliance Power’s company under the Anil Ambani group, which was supplying power earlier to Reliance Infrastructure (R-Infra), moved a petition before the MERC demanding hike of 90 paisa per unit for last four years.
The move came after Adani and R-Infra’s deal for taking over the latter’s Mumbai distribution business. Earlier in August this year, RInfra signed Rs 18,800-crore deal for sale of its Mumbai energy business to Adani Transmission to pare its debts. This amounts to burden of Rs 2,000 crore on the consumers. Read more