Public power transmission companies face losses: Shinde
November 22nd, 2010 - 10:02 pm ICT by IANS
New Delhi, Nov 22 (IANS) Power Minister Sushil Kumar Shinde Monday said the aggregate losses of state-run transmission and distribution (T&D) companies for 2010-11 is expected to be Rs.68,643 crore.
“As per the thirteenth finance commission report, the aggregate loss of state T&D utilities at 2008 tariff for 2010-11 has been projected as Rs.68,643 crore,” said Shinde in a written reply to the Rajya Sabha.
According to Shinde, the financial projections assume a reasonable reduction in transmission and distribution losses in each state.
Shinde further said the projection is exclusive of the subsidies extended by the state governments to the utilities.
“These losses may reduce if tariff is rationalized in the ensuing years,” Shinde further said.
According to the available financial records for 2008-09, Rajasthan accounted for Rs.7,831 crore in losses followed by Tamil Nadu at Rs.7,382 crore, Uttar Pradesh Rs.6,540 crore, Madhya Pradesh Rs.3,124 crore and Andhra Pradesh Rs.3,013 crore.
The losses to T&D companies take place on many accounts like loss of electricity during transmission, tampered meters and theft.
- States, regulators blamed for power losses - Apr 28, 2010
- Indian power industry poised for major growth: Shinde - Jan 19, 2012
- Cabinet approves National Electricity Fund (Lead) - Dec 13, 2011
- Areva T&D; restructuring to be over by early 2012 - Aug 06, 2011
- Infosys bags IT project from Karnataka power utilities - Dec 24, 2009
- Areva T&D; signs pact with Power Grid Corporation - Jul 25, 2011
- Reliance Infra's Q2 operating revenue up 44 percent - Nov 08, 2011
- Tamil Nadu framing policy for rooftop solar power generation - Oct 19, 2010
- Reliance Infrastructure net profit up 11 percent - Nov 12, 2010
- L&T's subsidiary bags Rs.2,503 crore-worth orders - Dec 31, 2010
- Jammu and Kashmir has huge power deficit - Feb 25, 2011
- CESC's Haldia thermal power project by 2013-14 - Jul 29, 2011
- Soon half of India's power from private sector: Power Minister (Interview) - Jul 24, 2011
- SJVNL declares Rs.330.93 crore dividend - Aug 27, 2011
- GAIL's second quarter net up 18.50 percent - Oct 24, 2011
Tags: andhra pradesh, crore, distribution losses, financial projections, loss of electricity, madhya pradesh, New Delhi, power minister, power transmission, rajasthan, rajya sabha, reply, rs 6, state governments, subsidies, sushil kumar, sushil kumar shinde, tariff, transmission companies, uttar pradesh