State-owned power generation utility Maharashtra State Power Generation Company Ltd. (Mahagenco) has missed its power generation target by at least 30 per cent, and consumers are bearing the brunt by having to pay 30 paise more per unit.
In its tariff petition filed before power regulator Maharashtra Electricity Regulatory Commission (MERC), Mahagenco admitted that it didn’t meet its targeted production of 68,530.6 million units in the last financial year.
A whopping Rs 21,000 crore of Mahagenco’s capital are reportedly locked as nearly 3,500 MW of its 13,602 MW generation capacity remained shut the entire year. Read More
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