India : Andhra Pradesh Discoms Call for Centre’s Help to Bridge Revenue Gap

State power utilities have urged the Union government to come to their rescue as the disruption caused by Covid-19 has affected sales and revenue collections. The state government has sent a representation to Aniruddha Kumar, joint secretary of the Union ministry of power, designated by the Centre to coordinate with the state to deal with the crisis. Energy department officials said power consumption in the state has fallen by 20 percent and nearly 80 percent of revenue collections have been affected after the lockdown was announced.

Officials estimate a loss in revenue worth Rs 2,500 crore in the first quarter of 2020-21 due to a sharp reduction in consumption. The state government has agreed to waive power charges of MSMEs for three months following requests from various industry associations. The waiver would amount to Rs 188 crore, according to the officials. Energy secretary Nagulapalli Srikant said they are requesting the Union ministry to provide relief to utilities to bridge the revenue gap that has arisen due to the lockdown.

Source : https://energy.economictimes.indiatimes.com/news/power/andhra-pradesh-discoms-call-for-centres-help-to-bridge-revenue-gap/75526310

Smart Grid Bulletin April 2020


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