The country's premier container port JNPT on 12th January said it has signed a pact with the Maharashtra's electricity distribution arm MSEDCL for power supply in the port area.
Jawaharlal Nehru Port Trust (JNPT) signed the memorandum of understanding (Mou’s) with Maharashtra State Electricity Distribution Co Ltd (MSEDCL) following its board of trustees' approval on 24th December 2020, the Port Said in a release.
Jawaharlal Nehru Port Trust 9 (JNPT) has 5 container terminals that handle over 50% of the total container cargo among the major domestic ports.
"With this agreement, the process of legalising electricity distribution once for all is resolved and will help Jawaharlal Nehru Port Trust (JNPT) in delivering its duties towards its shareholders," Sanjay Sethi, Jawaharlal Nehru Port Trust (JNPT) Chairman said.
The port has allotted land to Bharat Mumbai Container Terminals, Nhava Sheva International Container Terminal and Gateway Terminals India Pvt Ltd on a 30 years lease through a concession agreement, under which Jawaharlal Nehru Port Trust is responsible for providing electricity supply to the terminals, said the release.
With the pact, Jawaharlal Nehru Port Trust becomes the 1st major port in the country to sign the distribution franchine agreement in compliance with the Electricity Act, 2003, and resolve the trouble in supply of electricity, the government-owned port operator said.
With the support of Maharashtra State Electricity Distribution Co Ltd officials, a separate category for Jawaharlal Nehru Port Trust named as "government/ semi-government" was created for signing the franchisee agreement, which will have large load such as ports and defence, Jawaharlal Nehru Port Trust said in the release.