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APSPDCL seeks 6,975 crore subsidy to overcome deficit
The Andhra Pradesh Southern Power Distribution Company Limited APSPDCL proposed a subsidy of Rs 6,975 crore from the State government for the year 201920 to overcome its revenue losses
Tirupati: The Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) proposed a subsidy of Rs 6,975 crore from the State government for the year 2019-20 to overcome its revenue losses.
SPDCL Chairman-cum-Managing Director MM Nayak in his report on the Aggregate Revenue Requirement (AAR) for distribution and retail supply business for the year 2019, which was presented at the Andhra Pradesh State Electricity Regulatory Commission (APERC) public hearing held here on Wednesday said that the SPDCL total revenue at the prevailing tariff rate was estimated at Rs 17,141 crore against which the ARR is Rs 24,463 crore leaving a deficit of Rs 6975 crore requiring government subsidy to overcome it.
Nayak in his detailed report revealed that an amount of Rs 3,153 crore is due which include from government institutions (Rs 1,190 crore), local bodies Rs 1,889 crore and SC, ST scheme Rs 74 crore as on 2018.
The representatives of farmers, consumers and political parties, who spoke on the report sought more transparency in the management of electricity companies including Genco, Discom and Transco and also demanded to reduce the power purchase on higher rates from private companies to reduce the burden on Discom to benefit its consumers. CITU general secretary K Murali wanted increasing of power production by Genco to minimise power purchase from private companies.
APERC Chairman G Bhavani Prasad, who chaired the public hearing, said that the commission had no jurisdiction of Genco and is concerned only with the Transco and Discom and also clarified that the proposal was not to increase the tariff and also not with an eye on the election as it was followed last year also. CPM state committee member Krishnaiah stressed on focusing on solar power generation to reduce the power purchase cost in the long run to provide electricity at cheaper rate.
MLC Y Srinivasulu Reddy demanded free power supply to the farmers engaged in jaggery production in Chittoor district where he said considerable number of sugarcane farmers depending on jaggery production for income and it is part of agriculture.
He also demanded uninterrupted 9-hour power supply to agriculture. Farmers' leader Rajendra Reddy urged the commission to ensure prompt payment of compensation from Discom or Transco to the farmers, who gave their land for high tension power line and also deaths due to electric shock etc.
