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Changes to Electricity Act propose penalty norms for PPAs, RPOs

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7 years ago

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New Delhi, Oct 26 (IANS) The proposed electricity amendment bill will include penalty provisions, stricter enforcement of power purchase agreements (PPA) and renewable purchase obligations (RPO), Power Minister R.K. Singh said on Thursday.

“We will deal with the issues of PPA (power purchase agreement) and RPO (renewable purchase obligation) among others in the Electricity Amendment Bill,” he told reporters on the sidelines of an investors’ forum here organised by the industry chamber Assocham.

“We are going to change the law and provide that any PPA which is signed, will be honoured. If they don’t honour it then there would strict penalties. So the uncertainties will go,” he said.

“We will also bring it to the law making it necessary for all discoms to tie up for PPAs to cover the requirement of power in the area which they serve. They must have tied up PPA to cover 100 per cent of that requirement before their licences can be renewed.

“You cannot get a monopoly licence to distribute power in certain area without tying up PPA for 100 per cent requirement,” he added.

With electricity demand growth in India not keeping pace with the excess capacity addition and with tariffs falling, producers are facing offtake issues on power that they have not already tied up for sale through long-term PPAs.

In this connection, JSW Energy Chief Executive Prashant Jain told a news channel recently that while the company had tied up for the offtake of about 65 per cent of its power generation through long-term PPAs, it is facing challenges about disposal of its remaining “untied capacity”.

Regarding the renewable purchase obligations of discoms, Singh said: “The bill will also provide that RPOs will be obligatory, a statutory legal compulsion. We are going to world saying our 40 per cent of power would be from renewables.”

Declaring he will try to move the amendment bill in the upcoming winter session of Parliament, Singh said it also proposes imposing stricter penalties for non-payment of electricity bills.

–IANS
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Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok

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2 months ago

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September 19, 2024

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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.

The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.

Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.

Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.

For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.

During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.

Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.

Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .

Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.

In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.

During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.

In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.

He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.

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