Parallel power distribution network: INLD questions financial viability of private firm's licence bid for Gurugram-Nuh
Chandigarh, July 16 -- The Indian National Lok Dal (INLD) on Wednesday expressed shock at the financial contradictions embedded in the proposal of Eleven Power Private Limited, the 2025 incorporated company seeking a parallel electricity distribution licence in Gurugram and Nuh.
Citing Hindustan Times news report of July 15, former state finance minister, Sampat Singh said the capital expenditure of Rs.4,717 crore proposed by Eleven Power to establish network in Gurugram and Nuh was way less than the state owned distribution utility, Dakshin Haryana Bijli Vitran Nigam's (DHBVN) assessment of Rs.11,397.95 crore, required for establishing distribution infrastructure in Gurugram and Nuh at current price levels over and above the working cap...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.