Insta
Cumulative Losses Of State-Owned Power Distribution Companies Drop By 38 Per Cent In FY 20
Representative image (Photo by Indranil Bhoumik/Mint via Getty Images)
In a positive development, the cumulative losses of the state-owned power distribution companies dropped by 38 per cent last fiscal to Rs 38,000 crore on the back of reduced operational and commercial losses, reports The Economic Times.
The development was shared by Union Minister for Power and New And Renewable Energy RK Singh. He added that the gap between the average cost of supply and revenue of discoms reduced to 38 paise in 2019-20 against 42 paise a year ago. He also shared that the cumulative losses in 2018-19 stood at a much higher Rs 61,000 crore.
The report noted that 20 of the rated power distribution entities had shown an improvement in their AT&C loss levels during FY 2020 (19 in the previous year). Nine utilities have reported AT&C loss levels within 15 per cent compared to eight utilities in FY 2019. Also, four distribution utilities of Gujarat besides southern Haryana discom figured highest in the ranking, indicating very high operational and financial performance.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
