Financial Daily from THE HINDU group of publications
Wednesday, Jun 14, 2006
Financial Daily from THE HINDU group of publications Wednesday, Jun 14, 2006 |
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Industry & Economy
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Power AP tops in power sector performance Our Bureau
THE POWER MINISTER, Mr Sushil Kumar Shinde, along with the Power Secretary, Mr R.V. Shahi, releasing the fourth report on `Rating of State Power Utilities' in the Capital on Tuesday. — Ramesh Sharma
New Delhi , June 13
Andhra Pradesh has retained its top position in power sector performance, followed by Gujarat and Delhi, according to a report prepared by ICRA and Crisil. The report on 2005-06 performance, prepared for the Power Ministry, was released by the Power Minister, Mr Sushilkumar Shinde here on Tuesday. Among the states that have improved their rankings from last year, Maharashtra moved up to eighth from 12 and West Bengal jumped to fifth from eighth a year ago. Karnataka remained unchanged at the fourth position. On the other hand, Tamil Nadu slipped from the fifth to tenth position, Chhattisgarh from 10 to 14, Uttar Pradesh from nine to 18 and Haryana from 14 to 19. The report evaluated the performance of state electricity boards or utilities on the basis of progress in reforms, free power and subsidy, establishment of regulatory commissions, reduction in transmission and distribution losses and revenue collection among other factors. The report also expressed concern over the high Aggregate Technical and Commercial Losses, while observing that only two states — Goa and Tamil Nadu — have losses below 20 per cent.
SEB revamp
On restructuring of electricity boards, the report noted that several states such as Tamil Nadu, Punjab, Uttar Pradesh, Kerala, Bihar and Chhattisgarh have still not unbundled their SEBs. Moreover, even in states where SEBs have been unbundled into separate entities, distribution companies have been given very limited autonomy in operational and financial matters.
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