The distribution franchisee (DF) operations of Torrent Power in the industrial-centric areas of Bhiwandi and Agra were impacted during the first quarter of FY21, the company said in a media release.
Rating agency ICRA expects an investment of Rs 1.8 trillion over the five-year period from FY21 to FY25 in the power transmission segment at the all-India level.
Adani Transmission, in a recent release, observed that the collection scenario with respect to its power distribution business in Mumbai has improved significantly since July 2020, following relaxation in the COVID19-related lockdown in the city.
The electricity market at the Indian Energy Exchange witnessed a total trade of 5,334 MU in July 2020. This volume was 11 per cent higher than in June 2020 but remained at par with those of July 2019.
Stress in the power distribution sector is evident from the fact that the total outstanding amount payable by state government-owned distribution companies to power generators rose 47 per cent year-on-year in June 2020.
Tata Power aims to quadruple its customer base in the power distribution business, the company’s chairman Natarajan Chandrasekaran said during this year’s Annual General Meeting (AGM) speech.
Tata Power Delhi Distribution Ltd, catering to a population 7 million in north Delhi, has strengthened the “No Power Supply (NPS)” registration process by introducing a member of digital modes during the ongoing monsoon season.
Adani Transmission, in its latest performance update, has said that the company’s transformation capacity saw a 17.2 per cent year-on-year growth, as of June 30, 2020.
Torrent Power, according to information available in its latest Annual Report, has cut down T&D losses in its Bhiwandi franchisee area in Maharashtra to 11.93 per cent in FY20 from 15.13 per cent in FY19.