The Jawaharlal Nehru Port Trust (JNPT) has entered into a Distribution Franchise Agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of electricity in the port area.
In a statement, JNPT said its Board of Trustees agreed to the deal through a memorandum of understanding (MoU) with MSEDCL on December 24 2020.
In doing so, it became the first Indian port to sign a Distribution Franchise Agreement to resolve issues around the supply of electricity, in accordance with the Electricity Act 2002.
Under a number of concession agreements, JNPT is responsible for providing electricity supply to its five container terminals.
Shri Sanjay Sethi, IAS, Chairman, JNPT, said, “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.”
The JNPT is the busiest port in India and responsible for a majortoy of the country’s containerised trade. Its TEU traffic increase by 7.61% year-on-year (YoY) in November as the Indian economy continued to recover from the effects of the COVID-19 pandemic.