Discoms help save Delhi over Rs 1.2 LK cr in 19 years

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New Delhi, Aug 3 | Power discoms have helped the national capital save over Rs 1.2 lakh crore since the privatisation of the Delhi Vidyut Board in 2002, industry sources said.

The electricity board’s privatisation completed 19 years in July 2021. Post privatisation, Delhi power distribution is run by BSES discoms and one by the Tata Power.

People of Delhi have witnessed significant transition from long hours of power outages till 2002 to reliable round-the-clock power supply currently, according to industry. So confident has NGT been of Delhi’s reliable power-supply, it has banned the use of diesel gensets during the winter months to control pollution.

During this time, apart from ensuring reliable power-supply, Delhi discoms also brought about a record reduction in AT&C losses. At the time of privatisation, AT&C losses in the national capital were over 55 per cent. In fact, they were as high as 63 per cent in east and central Delhi.

Currently, they are at around 7.5 per cent, a record reduction of around 48 per cent.

In the decade before privatization, the AT&C losses in Delhi had increased by 20 per cent and coupled with prolonged outages, was a reason for privatisation.

In comparison, the losses in other states are much higher. In all probability, experts say Delhi would have similar losses had the discoms not been privatized.

Reliable power-supply and record AT&C loss reduction are not the only benefit that has accrued to Delhi in these 19 years.

Out of the Rs 1.2 lakh crore saving in the past 19 years, the biggest component is AT&C loss reduction, which has saved over Rs 95,000 crore. At present, each percentage of AT&C loss reduction saves Delhi consumers around Rs 250 crore.

This is followed by the investments of around Rs 19,000 crore made by the Delhi discoms to improve the distribution network in the national capital. Currently, Delhi discoms have one of the most modern distribution networks in the country.

Had it not been for the loss reduction and investments, there would have been no savings to the Delhi consumers, and reliability of the city’s power-supply may have remained a pipedream, according to stakeholders in the power sector. And to the contrary, this money would have had to be spent/invested by the Delhi Government, just to keep the Delhi Vidyut Board afloat, and to ensure power supply to the national capital – leaving little for anything else, they said.

This is the money that has been available with the successive Delhi governments since 2002 for city’s developing – improving the infrastructure, opening more schools etc. It has also cushioned the impact of inflation on the power tariffs to an extent.

Source: IANS

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Share Market Closing Bell: Market ends marginally lower amid volatility

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Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.

BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.

In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.

Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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