Amendments to Electricity Act could be tabled in monsoon session: R K Singh

Government seeks another round of power distribution reform and boost renewable energy

discoms
Premium

Shreya Jai New Delhi
The government will table amendments to the Electricity Act 2003 in the upcoming monsoon session of Parliament, said R K Singh, minister for power, new and renewable energy, on Thursday.

“The amendment will have 2-3 added provisions; one of them is increasing the penalties on the renewable purchase obligations. The demand has increased, and the market is not an issue currently. The market is going to become more vibrant because of the increase in size of our product,” Singh said at the India Energy Transition Summit 2022 organised by FICCI.

India will sell renewable energy with storage at Rs 6.5-7

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 16 2022 | 7:34 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com