Combination losses of distribution utilities rose 66.47% to ₹50,281 crore in FY21, confirmed a report by Energy Finance Company (PFC).
The report on efficiency of energy utilities in 2020-21 unveiled on the state energy ministers‘ convention in Udaipur on Friday additionally confirmed that the general mixture technical and industrial (AT&C) losses of discoms rose from 20.73% in 2019-20 to 22.32% in 2020-21.
“Combination losses for distribution utilities elevated from ₹30,203 crore in 2019-20 to ₹50,281 crore in 2020-21. Combination losses on tariff subsidy acquired excluding regulatory revenue and income grant below UDAY for mortgage takeover elevated from ₹63,949 crore in 2019-20 to ₹88,500 crore in 2020-21,” it mentioned.
Tariff Subsidy billed by distribution utilities elevated from ₹1,20,828 crore in 2019-20 to ₹1,32,416 crore in 2020-21. As a share of whole income, tariff subsidy billed by the utilities elevated from 16.52% in 2019-20 to 18.53% in 2020-21, the report confirmed.
Additional, the gross power bought by distribution utilities was 10,24,309 million models in 2019-20 and 10,05,044 million models in 2020-21 registering a YoY lower of 1.88%. Income from sale of energy together with tariff subsidy billed decreased by 1.76% throughout the identical interval from ₹6,43,881 crore in 2019-20 to ₹6,32,543 crore in 2020-21.
Concerning technology utilities, the report confirmed that technology utilities earned a revenue of ₹2,700 crore in 2020-21, as in comparison with revenue of ₹3,836 crore in 2019-20 and 16 out of 23 technology utilities registered revenue in 2020-21.
Additional transmission utilities earned a revenue of ₹955 crore throughout the interval below overview in comparison with a lack of ₹287 crore in 2019-20 and 15 out of twenty-two transmission utilities registered revenue in 2020-21.
The convention of energy and renewable power ministers of states and union territories is being held throughout 14-15 October, 2022 in Udaipur, Rajasthan.
Through the convention, it was emphasised that India’s energy demand is about to double by 2030, for which big capacities will likely be required to be, which in flip would require big capital investments.
He famous that capital investments would even be required for modernizing the ability techniques and selling new applied sciences like inexperienced hydrogen, storage, offshore wind among the many to assist India obtain its power transition trajectory.
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