The 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.