Anil Ambani, Mistry on power advisory panel
The group includes bankers SBI chief Pratip Chaudhuri, Chanda Kochhar MD ICICI Bank, power company chiefs Tata Sons chairman Cyrus P Mistry, ADAG chairman Anil Ambani and Feedback Ventures chairman Vinayak Chatterjee along with equipment suppliers like BHEL chief BP Rao and Central Electricity Authority chief AS Bakshi.
The panel as one member described it will bring fresh ideas to be considered by the power minister Jyotiraditya Scindia and power secretary P Uma Shankar, who are both members of the group.
The first meeting of the group is scheduled on the February 18. It will consider issues of raw material insecurity that threatens to upset the electricity production targets. The group is expected to suggest ways to optimise the use of the fuel and recommending allocations to upcoming power plants on a case-to-case basis, according to a source.
The panel is likely to deliberate on ways to minimise the losses of distribution companies, estimated to be over Rs 30,000 crore a year, by recommending gradual hike in tariffs. It will also advise the power ministry and the CEA on how to amend the statutes to facilitate allocation of a blend of imported and domestic coal to be made available at pooled prices. It may also recommend measures on unbundling of electricity boards of states which have been sustaining heavy losses.
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