Rise in AP Transco revenue collection

By Our Special Correspondent

HYDERABAD, MAY 30. Having obtained the approval of the AP Electricity Regulatory Commission (APERC), the AP Transco is investing Rs.1,415 crores during 2001-2002, towards refurbishment of Transmission and Distribution network for supplying quality and reliable power, particularly to backward areas.

This was disclosed during a presentation to the Governor, Dr. C. Rangarajan, here on Wednesday. According to the AP Transco officials, there has been progressive increase in investment towards improving T and D sector, during the last three years.

The revenue has improved from Rs.4,800 crores in 1999-2000 to Rs.5,840 crores in 2000-2001, an increase of Rs.1,040 crores, by 22 per cent. While the tariff hike accounted for 14.5 per cent, the remaining eight per cent was owing to sales. The Transmission and Distribution losses were brought down to 33.9 per cent last year and ambitious plans have been formulated to cut them down to 28 per cent by the end of the current financial year.

The Governor appreciated the `sustained and untiring' efforts in `achieving overall improvement in revenue realisation, quality and reliable power supply and reducing commercial losses by arresting theft/pilferage of energy'. The revenue collection, particularly during the last six months, had impressed him, the officials said.

Mr. P. Ramakanth Reddy, Chairman and Managing Director of AP Transco and other officials, apprised the Governor about the various aspects of power sector, particularly effective implementation of reforms.

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Section  : Southern States
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