It is BEST to say TATA now

It’s the beginning of the end of a 91-year-old affiliation. Tata Power will no longer have a monopoly over the supply of power to Brihanmumbai Electric Supply and Transport (BEST) as BEST will be buying 550 MW of its 750 MW requirement from other suppliers. The BEST, which had floated tenders for its requirement, received bids from Dhariwal Power, Adani Power and state-run power distribution utility Mahavitaran Ltd. The bids are reportedly substantially lower than the present rate being charged by Tata Power. The bids range between Rs 2.62 per unit to Rs 3.45 per unit. Tata supplies power to BEST at Rs 4 per unit. The low rates are expected to help BEST save around Rs 700 crore per annum. Its current annual power purchase bill of BEST is ar.....