Year over year,
Tamil Nadu Electricity Board (TNEB) through its subsidiary Tamil Nadu
Generation and Distribution Company (TANGEDCO) has been accumulating losses.
Past tariff increases had not quite helped to bring down the rate of increase
of accumulated losses. But due to the tariff revision effected in December last
year, TNEB has been able to generate some additional revenue, mainly because
more power is being generated. As a result, TNEB can now begin to think of
wiping out the accumulated losses. But the road ahead will not be easy.
Compared to last
January , the revenue this year has increased by 20%.The increase is mainly due
to the 15% tariff revision effected in December 2014 and also due to measures
taken to cut down transmission and distribution losses.
Last year the
annual loss touched Rs. 13,985 crore up by 20% compared to 2012-13. The
December hike may not have a significant impact on this year's loss position
but augurs well for next year. Due to
continuous increase in losses, the accumulated losses at the end of last
financial year increased to Rs. 52,226 crore. Purchase of power, interest
and financial costs had eaten up the company's revenue from sale of power which
increased by 11% compared to the previous year.
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