Tata Power, in a release, said that it has become the first power utility to enable online, automated bill payments using e-NACH (Electronic National Automated Clearing House). IDFC Bank is a technology partner and a settlement banker to Tata Power.
There is scope to enhance the magnitude of the “Medium Term PPA Scheme” recently announced by the Union power ministry, according to Rajeev Sharma, Chairman & Managing Director, Power Finance Corporation Ltd. He was addressing the media at a recent press conference in Mumbai.
Indian Railways has been able to significantly cut its power procurement costs, thanks to the helpful intervention of RITES Ltd, a Central PSU under the ministry of railways. Addressing the media at a recent press conference in Mumbai, Rajeev Mehrotra, Chairman & Managing Director of RITES Ltd said that a complete study by a group of technical personnel from RITES Ltd was done to assess load requirement at various traction substations (TSS) of Indian Railways.
In next three years electricity metering will go smart prepaid, obviating the need for electricity bills reaching the consumer. So need of the hour is to scale up manufacturing of smart prepaid meters and to bring down their prices, according R K Singh, Minister of state (in-charge) for power and new & renewable energy. Singh was addressing a meeting of meter manufacturers called by the power ministry on June 7, 2018.
Indian Electrical and Electronics Manufacturers’ Association (IEEMA) has created a North East Cell as a nodal point to monitor the supply of equipment and material to various discoms in the region. IEEMA has included its senior officers at Guwahati, Kolkata and New Delhi to effectively facilitate the North East Cell. The aim of the cell is to facilitate 100 per cent household electrification on fast track in the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim.
A web portal and an app namely PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators), www.praapti.in, was officially launched on May 29, 2018, by R.K. Singh, Minister of State (Independent Charge) for Power.