Indian Economy News

With ease of doing business and transparency, the investment in power sector has been growing: Mr. R. K. Singh

  • IBEF
  • March 3, 2023

Mr. R. K. Singh, Union Minister for Power and NRE, in his interaction with the Chairperson of Central Electricity Regulatory Commission (CERC), Mr. Jishnu Barua, said that the power system in the country has improved significantly in recent years. He added the current capacity is enough to cater to the electricity demand. The Union Minister said that with the ease of doing business and transparency, the investments in the power sector have been growing.

Power Secretary Mr. Alok Kumar stated that with the impending large-scale integration of renewable energy and Green Hydrogen, India requires a forward-thinking and progressive Central Regulator.

Under the terms of the Electricity Regulatory Commissions Act, 1998, the Government of India created the Central Electricity Regulatory Commission (CERC). According to the Energy Act of 2003, CERC is referred to as the Central Commission. Major functions of CERC under the Act are, inter-alia, to regulate the tariff of generating companies owned or controlled by the Central Government, to regulate the tariff of other generating companies having a composite scheme for the generation and sale of electricity in more than one State, to regulate the inter-State transmission of electricity, and to determine tariff for such transmission of electricity, etc. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.