Mumbai’s BEST seeking ways to purchase cheaper power

21 Sep 2022 CW Team

Mumbai’s electricity distributor BEST undertaking is seeking to slash its power purchase costs from an average of Rs 8-9 per unit to Rs 5-6 per unit, a reduction of up to 35%, to reduce the tariff burden on 10.5 lakh consumers in south and central Mumbai.

BEST general manager Lokesh Chandra said the Maharashtra Electricity Regulatory Commission (MERC) recently issued an order allowing BEST to file a new power procurement plan for approval, which is likely to save huge costs.

He said BEST will be looking at hydropower and other renewable sources from outside Mumbai, while it will retain a certain amount of thermal power in its energy mix. “At present, we are purchasing power which is as high as Rs 10.50 per unit for thermal. With a mix of hydro, the overall average cost comes to Rs 8-9 per unit, but it is still expensive and can burden consumers with an increase in tariff in future,” Chandra said, adding that the undertaking is exploring options to reduce the power purchase costs significantly.

At present, BEST depends largely on Tata Power for its supply to the island city. Power experts said though BEST plans to procure power from outside Mumbai, it will not be easy to stop the present arrangement with Tata Power’s embedded generation within the city.

See also:
UPL and CleanMax to collaborate for energy plant in Gujarat
AP Chambers welcomes proposed energy sector reforms

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..