JNPort becomes First Major Port to sign Distribution Franchisee Agreement with MSEDCL (State Discom)

0

JNPort becomes First Major Port to sign Distribution Franchisee Agreement

Mumbai: JNPort becomes First Major Port to sign Distribution Franchisee Agreement with MSEDCL (State Discom). Jawaharlal Nehru Port Trust (JNPT), India’s premier container port has entered into Distribution Franchisee Agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL) through a Memorandum of Understanding (MoU) for the supply of electricity in its area. The Board of Trustees of JNPT in its meeting held on 24th December 2020 approved the proposal to enter into the Agreement. By this Agreement, JNPT becomes the first Major Port in India to sign the Distribution Franchisee Agreement in compliance with the Electricity Act, 2003 and resolve the hurdles in the supply of electricity.

 

JNPT has five container terminals and handles over 50% of the total container cargo amongst the Major Ports of India. JNPT has allotted land to NSICT, BMCT and GTIPL on lease for a period of 30 years through Concession Agreement, and under the Concession Agreement, JNPT is responsible for providing an electricity supply to the Terminals. With the support of MSEDCL officials, a separate category for JNPT named as “Government/Semi-Government” was created for signing the Franchise Agreement, which will have large load such as Ports, Defence, and MIDC, etc.

 

“With this agreement, the process of legalizing electricity distribution once for all is resolved and will help JNPT in delivering its duties towards its stakeholders and we are thankful to MSEDCL team for all their support”, said Shri Sanjay Sethi, IAS, Chairman, JNPT.

Share.

About Author

Maintain by Designwell Infotech