Business EconomyPosted at: Jan 12 2021 7:36PM

JNPort sign Distribution Franchisee Agreement with MSEDCL

Mumbai, Jan 12 (UNI) 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 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 supply of electricity.
JNPT has five container terminals and handles over 50 percent 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 electricity supply to the Terminals. With the support of MSEDCL officials, separate category for JNPT named as ''Government/Semi-Government'' was created for signing the Franchisee Agreement, which will have large load such as Ports, Defence, and MIDC, etc.
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JNPort sign Distribution Franchisee Agreement with MSEDCL

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