Skip to main content

MP govt's power purchase agreement with Adanis at 'highest ever contracted rate'

By Our Representative
As many 28 civil rights and grassroots organizations, led by the National Alliance of People’s Movements (NAPM) and the Narmada Bachao Andolan (NBA) have opposed the Madhya Pradesh government for entering into an agreement with the Adani Group for setting up a 1,320 MW thermal plant in Madhya Pradesh, stating, this is being despite the fact that the state claims it has surplus electricity for the next 10 years.
Objecting to the power purchase agreement (PPA) by the Adani Power arm Pench Thermal Energy with the state government’s MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on a long-term basis (25 years), a statement by these organizations said, the agreement is “more expensive than the one entered into by the Sasan Ultra Mega Power Plant (UMPP).”
“Reliance-controlled Sasan UMPP’s per unit rate is Rs 1.194, while Adanis’ per unit rate is four times higher, Rs 4.79 per unit, which is the highest ever contracted rate”, the statement claimed, adding, “This is a complete violation of India's tariff policy.”
The statement said, “On the one hand, the state government is in agreement to buy power from expensive coal-fired power projects, but on the other hand, the price per unit of electricity generated from renewable energy projects like solar and windmills has been falling continuously for the last few years. The per unit rate of solar energy has reached Rs 2.49 per unit today.”

Comments

TRENDING

Bill Gates as funder, author, editor, adviser? Data imperialism: manipulating the metrics

By Dr Amitav Banerjee, MD*  When Mahatma Gandhi on invitation from Buckingham Palace was invited to have tea with King George V, he was asked, “Mr Gandhi, do you think you are properly dressed to meet the King?” Gandhi retorted, “Do not worry about my clothes. The King has enough clothes on for both of us.”

Stagnating wages since 2014-15: Economists explain Modi legacy for informal workers

By Our Representative  Real wages have barely risen in India since 2014-15, despite rapid GDP growth. The country’s social security system has also stagnated in this period. The lives of informal workers remain extremely precarious, especially in states like Jharkhand where casual employment is the main source of livelihood for millions. These are some of the findings presented by economists Jean Drèze and Reetika Khera at a press conference convened by the Loktantra Bachao 2024 campaign. 

Displaced from Bangladesh, Buddhist, Hindu groups without citizenship in Arunachal

By Sharma Lohit  Buddhist Chakma and Hindu Hajongs were settled in the 1960s in parts of Changlang and Papum Pare district of Arunachal Pradesh after they had fled Chittagong Hill Tracts of present Bangladesh following an ethnic clash and a dam disaster. Their original population was around 5,000, but at present, it is said to be close to one lakh.

Anti-Rupala Rajputs 'have no support' of numerically strong Kshatriya communities

By Rajiv Shah  Personally, I have no love lost for Purshottam Rupala, though I have known him ever since I was posted as the Times of India representative in Gandhinagar in 1997, from where I was supposed to do political reporting. In news after he made the statement that 'maharajas' succumbed to foreign rulers, including the British, and even married off their daughters them, there have been large Rajput rallies against him for “insulting” the community.

A Hindu alternative to Valentine's Day? 'Shiv-Parvati was first love marriage in Universe'

By Rajiv Shah*   The other day, I was searching on Google a quote on Maha Shivratri which I wanted to send to someone, a confirmed Shiv Bhakt, quite close to me -- with an underlying message to act positively instead of being negative. On top of the search, I chanced upon an article in, imagine!, a Nashik Corporation site which offered me something very unusual. 

Magnetic, stunning, Protima Bedi 'exposed' malice of sexual repression in society

By Harsh Thakor*  Protima Bedi was born to a baniya businessman and a Bengali mother as Protima Gupta in Delhi in 1949. Her father was a small-time trader, who was thrown out of his family for marrying a dark Bengali women. The theme of her early life was to rebel against traditional bondage. It was extraordinary how Protima underwent a metamorphosis from a conventional convent-educated girl into a freak. On October 12th was her 75th birthday; earlier this year, on August 18th it was her 25th death anniversary.

What's Bill Gates up to? Have 'irregularities' found in funding HPV vaccine trials faded?

By Colin Gonsalves*  After having read the 72nd report of the Department Related Parliamentary Standing Committee on alleged irregularities in the conduct of studies using HPV vaccines by PATH in India, it was startling to see Bill Gates bobbing his head up and down and smiling ingratiatingly on prime time television while the Prime Minister lectured him in Hindi on his plans for the country. 

Joblessness, saffronisation, corporatisation of education: BJP 'squarely responsible'

Counterview Desk  In an open appeal to youth and students across India, several student and youth organizations from across India have said that the ruling party is squarely accountable for the issues concerning the students and the youth, including expensive education and extensive joblessness.

Following the 3000-year old Pharaoh legacy? Poll-eve Surya tilak on Ram Lalla statue

By Sukla Sen  Located at a site called Abu Simbel in Nubia, Upper Egypt, the eponymous rock temples were created in 1244 BCE, under the orders of Pharaoh Ramesses II (1303-1213 BC)... Ramesses II was fond of showcasing his achievements. It was this desire to brag about his victory that led to the planning and eventual construction of the temples (interestingly, historians say that the Battle of Qadesh actually ended in a draw based on the depicted story -- not quite the definitive victory Ramesses II was making it out to be).

India's "welcome" proposal to impose sin tax on aerated drinks is part of to fight growing sugar consumption

By Amit Srivastava* A proposal to tax sugar sweetened beverages like tobacco in India has been welcomed by public health advocates. The proposal to increase sin taxes on aerated drinks is part of the recommendations made by India’s Chief Economic Advisor Arvind Subramanian on the upcoming Goods and Services Tax (GST) bill in the parliament of India.