The company serves over 30 lakh customers spread across 400 sq km in Mumbai and its suburbs.
Adani Electricity brings green energy to Mumbai customers ANI | Updated: Apr 07, 2021 14:41 IST
Mumbai (Maharashtra) [India], April 7 (ANI): Adani Electricity Mumbai Ltd (AEML) said on Wednesday it is launching a green energy initiative in the city under which customers will have the flexibility to set their own targets for renewable energy.
AEML customers can approach for options to buy RE power under the current Maharashtra Electricity Regulatory Commission (MERC) announced scheme of providing 100 per cent RE power by paying 66 paisa extra.
The company will be able to provide RE certificates to customers as AEML will receive 700 MW supply from hybrid solar and wind generation in Rajasthan towards end of 2022-23. It will also add an additional 1,000 MW power with substantial component of green energy.
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Rise of Oligopolistic Dominance
As debt-laden distressed companies fall by the wayside, some cash-rich large companies are practically monopolising their sectors
Illustration by Siddhant Jumde
During the 26th meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), one of the MPC members - Jayant R. Varma, Professor, Finance and Accounting, IIM Ahmedabad - made an interesting observation, which many in government institutions would barely admit to. Anecdotal evidence suggests that in several sectors which are characterised by an oligopolistic core and a competitive periphery, the oligopolistic core has weathered the pandemic well and it is the competitive periphery that has been debilitated. Rising profits and profit margins, improving capacity utilisation and lack of new capacity additions create ripe conditions for the oligopolistic core to start exercising pricing power, he had said. An oligopoly is a form of market form where a sector/industry is
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Synopsis
Addressing an interactive session with the CEOs of renewable energy and power companies organised by FICCI, Raut said the policy aims to implement 17,000 MW of renewable power projects in the next 5 years.
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It is expected to create direct and indirect employment for one lakh people, along with giving priority to hybrid power projects.
New Delhi: Maharashtra s New Renewable Energy Policy will attract Rs 75,000-crore investments, said the state s Power and New & Renewable Energy Minister Nitin Raut on Thursday. Nitin Raut, Minister for Power and New & Renewable Energy, Government of Maharashtra, today while highlighting the Maharashtra s New Renewable Energy Policy said that the policy aims to promote public and private sector participation and will attract an investment of Rs 75,000 crore in power and allied sectors, FICCI said in a statement on Thursday.