PrashantNews
The Uttarakhand Power Corporation Limited (UPCL), which is the sole power distribution company (discom) in the state, on Monday said it is has earned the highest revenue collection of Rs 9905 crore during FY 2023-24 through better management strategies and provided Rs 324 crore relief in the past five months to its customers.
Highlighting the improved performance of the UPCL in the last three years, the company’s Managing Director Anil Yadav said the discom was able to reduce AT&C losses by 1.11 percent and distribution losses by 0.49 percent in the FY 2023-24 which he described as a significant development. The collection efficiency improved by 3.59 percent over the past three years, he said. In this regard, 99.14 percent of the total bills have been collected in the FY 2023-24.
Through the improved power purchase strategies, Yadav said the discom was able to bring down the average power purchase rate at Rs 4.93 per unit. “Due to our better management in power purchase cost from the open market, we were able to provide a relief of Rs 324 crore in the past five months,” Yadav said.
AT&C losses were reduced by 1.1 percent in the past two years, he said adding distribution losses also reduced from 14.38 to 13.89 percent in the FY 2023-24 during the period.
Energy supplied in the state increased by 10.5 percent from 14582 MU to 16118 MU in the past two years.
Significantly, UPCL has been ranked fourth by the nodal agency PFC, he said. In O&M expense in comparison to other states, the UPCL is one of lowest among other states which is Rs 792 cr. The average tariff in Uttarakhand is R 5.82 per unit which Yadav said is lowest in the country.
The achievement of UPCL is really commendable. Being an government organization, such job done by management must be praised. But UPCL has to work on cutting line losses, power theft and unnecessary lighting in day times.