Section 43

Section 43 of the Electricity (Supply) Act, 1948. The Board may enter into arrangements with any person producing electricity within the State for the purchase by the Board on such terms as may be agreed, of any surplus electricity which that person may be able to dispose of.

(1) The Board may enter into arrangements with any person producing electricity within the State for the purchase by the Board on such terms as may be agreed, of any surplus electricity which that person may be able to dispose of.

(2) Where a sanctioned scheme so provides, the Board may, on such terms as may be agreed upon, enter into arrangements with any Government or person for the purchase or sale of electricity to be generated or used outside the State:

Provided that the Board may not enter into such arrangements with any such Government or person without the consent of the State Government, or into arrangements with any such person without the consent of the Government of the State within which the electricity is to be generated or used. * *] * * 1. Omitted by Act 50 of 199 1, Sec. 1 0 (w.e.f. 15th October, 1991. [43-A. TERMS, CONDITIONS AND TARIFF FOR OF ELECTRICITY BY GENERATING COMPANY. - (1) A Generating Company may enter into a contract for the sale of electricity generated by it- (a) With the Board constituted for the State or any of the States in which a generating station owned or operated by the company is located;

(b) With the Board constituted for any other State in which it is carrying on its activities in pursuance of sub-section (3) of Sec. 15-A; and (c) With any other person with consent of the competent Government or Governments. *(2) The tariff for the sale of electricity by a Generating Company to the Board shall be determined in accordance with the norms regarding operation and the Plant Load Factor as may be laid down by the Authority and in accordance with the rates of depreciation and reasonable return and such other factors as may be determined, from time to time, by the Central Government, by notification in the Official Gazette:

Provided that the terms, conditions and tariff for such sale shall, in respect of a Generating Company, wholly or partly owned by the Central Government, be such as may be determined by the Central Government and in respect of a Generating Company wholly or partly owned by one or more State Governments, be such as may be determined by the Government or Governments concerned.] 1. Ins. by Sec. Il, ibid. (w.e.f. 15th October 1991). * Sub-section (2) shall be omitted by Act 14 of 1998, Sec.51 (w.e.f. to be notified in Gazette).

Section 43, The Electricity (Supply) Act, 1948 (Act 54 of 1948).