Re: Webinar on Sourcing cheaper electricity for industries in Karnataka
D Balasundaram
The Indian Chamber of Commerce and Industry, Coimbatore Chamber Towers, 8/732 Avinashi Road, Coimbatore 641018 Tel : (0422) 2224000, 2224001 Fax : (0422) 2221048 Email : icc...@indianchamber.in Web : www.indianchamber.in
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Subject: Webinar on Sourcing cheaper electricity for industries in Karnataka Date: Wed, 23 Dec 2020 12:53:54 +0530 From: ASSOCHAM <asso...@assocham.co.in> To: icc...@indianchamber.in
To,
- Managing Committee Members
- Patron Members
- Promoter Chambers
- Ordinary Members
- Professional Members
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ASSOCHAM Southern region presents
Webinar on
“Procurement of cheaper electricity for industries through Open Access in the State of Karnataka”
29th December 2020 | 12:00 PM to 02:00PM
Inaugural Chief Guest: Shri. Jagadish Shettar, Hon’ble Minister for Large and Medium Scale Industries, Government of Karnataka
Today the Industries are under tremendous pressure due to COVID imposed lockdown. As per recent press note by MOSPI (Ministry of Statistics and Programme Implementation) Government of India, India’s GDP has contracted by 23.9% in Q1 of FY2020-21 as compared to Q1 of FY2019-20. To tackle this economic slowdown, industries are exploring all levers of cost savings. The Central and State Governments are working towards attracting new investments under ‘Aatmanirbhar’ and ‘Make in India’ initiatives. India ranked 68th out of 141 countries in Global Competitiveness Index (GCI) 2019 rankings, published by World Economic Forum. GCI rank of India is bogged down by some major shortcomings, such as a low rank (108th) on electricity related parameter. As per NITI Aayog’s ‘Strategy for New India @ 75’ report, power tariff rationalization is one of the key reforms required to improve global competitiveness of Indian industries.
To achieve both of these objectives, industries in India need to be made globally competitive by reducing their operating costs. Electricity forms a major portion of operating costs for industries. ‘Open Access’ could act as an alternate option to provide cheaper electricity for large industrial consumers. Electricity Act 2003 envisaged ‘Open Access’ as a tool to allow consumers to source electricity directly from power exchange, generator or a trader instead of their local Discom. Based on prevalent open access charges and cost of power, industrial consumers in Karnataka can save upto Rs. 0.80/ unit in electricity costs, by procuring power through open access.
Keeping the objective and considering the relevance of the program in terms of ‘AatmaNirbhar Bharat’ and to resolving these barriers can help more consumers to take benefit of open access as well as increase overall cost savings and address issues for open access consumers, coordinated efforts are required from State Government, State Electricity Regulatory Commissions (SERCs) and Power Discoms. In this regards, ASSOCHAM Southern Region in collaboration with Indian Energy Exchange ( Knowledge Partner) is organizing Webinar on “Procurement of cheaper electricity for industries through Open Access in the State of Karnataka” ,29th December 2020 ( 12Pm to 1 Pm).
Webinar Coverage
- Discuss benefits of cheaper electricity for industries and overall economy
- Create awareness on issues being faced in getting electricity through open access in Karnataka
- Propose reforms for enhancing open access based on findings of consumer survey and best practices from other states
- Engage with stakeholders including electricity intensive industries, State Government, Industries Department and Energy Department, that may act as influencers for activating the required reforms
Speaker Invited:
- Shri. Jagadish Shettar, Hon’ble Minister for Large and Medium Scale Industries, Government of Karnataka
- Shri. Gaurav Gupta, IAS, Principal Secretary, Department of Commerce and Industry, Government of Karnataka
- Shri. Kapil Mohan, IAS, Principal Secretary, Department of Energy, Government of Karnataka
- Shri. Kumar Naik, IAS, Principal Secretary, Department of MSME, Mines, Sugar and Textile, Government of Karnataka
- Shri. Rohit Bajaj, Head, Business Development, Sr. VP, Indian Energy Exchange.
- Shri. Shubhranshu Patnaik, Partner, Consulting- Power & Utilities, Deloitte Touche Tohmatsu India LLP
For registration on webinar log onto: - https://bit.ly/3ax9M8F
After registering, you will receive a confirmation email containing information about joining the session.
We shall deeply appreciate your kind and an early confirmation by registering timely & please be part of this important webinar.
Thanks and regards,
Uma S Nair
Regional Director – Southern region
__________________________________________________
The Associated Chambers of Commerce and Industry of India
ASSOCHAM Southern Regional Office:
#F1, First Floor, Richmond Plaza, No. 10 & 10/1,
Raja Ram Mohan Roy Road, Bengaluru – 560 025
Land line: +91 80 4113 4838(D) | Mobile: +91 9036333975
Email: umas...@assocham.com | Website: www.assocham.org
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