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More power for Mumbai island city

Em News Bureau ,  Monday, May 21, 2012, 16:32 Hrs  [IST]

BESTThe Brihanmumbai Electricity Supply & Transport (BEST) Undertaking committee has cleared a proposal to purchase 300 mw of additional power from Indiabulls Power Ltd for 25 years.

With this, BEST has ensured it will fulfill power requirements of the island city (between Sion/Mahim and Colaba/Cuffe Parade). South Mumbai residents will also have an uninterrupted supply of electricity in the years to come.

Estimates suggest that the island city will need 1,300 mw of power by 2016. Currently, BEST supplies 950- 1,000 mw of power in the island city. Most of this-around 930 mw-is sourced from Tata Power while the rest comes from market purchases.

To meet the extra peak-load in the summer months, BEST recently signed an agreement with a private entity to source 50 mw of power from May 2, 2012 to June 15, 2012.

The agreement for 300 mw with Indiabulls Power has been worked out at Rs.3.42 per unit from 2016, for the subsequent 25 years. There will, however, be some variables in the purchase price, which will depend on fluctuating international fuel prices among other factors.
 
                 
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