Adani Transmission Ltd has reported improved operational performance during the second quarter (July to September) of FY21.
The average availability of the transmission network stood at 99.90 per cent during Q2 of FY21, as against 99.78 per cent in Q2 of FY20.
In the first half (April to September) of FY21, average availability was higher at 99.88 per cent as against 99.80 per cent in H1 of FY20.
Distribution: Though sales of electricity by Adani Electricity Mumbai Ltd (AEML) dropped in FY21 when compared to FY20, distribution losses reduced due to better billing collection. In Q1 of FY21, physical reading of meters and dispatching bills could not be achieved due the lockdown situation. This had resulted in distribution losses of 13.47 per cent in that period. However, in the succeeding quarter (Q2 of FY21), bills could be dispatched and that too based on actual meter reading. Due to this, distribution losses dropped significantly to 3.16 per cent.
However, in H1 of FY21, distribution losses, at 8.51 per cent, were still higher than the 7.97 per cent in H1 of FY20.
Sales of electricity by AEML dropped by 24 per cent from 4558 million kwh in H1 of FY20 to 3469 million kwh in H1 of FY21. Due to the pandemic-induced lockdown situation, electricity consumption by industrial and commercial units dropped drastically in Q1 of FY21, though it is gradually experience improvement now.
Collection efficiency at AEML has restored to normal levels and stood at 103.5 per cent in Q2 FY21. Further, customer adoption of digital avenues to interface with company increased manifold reaching 73.3 per cent (e-payments as a proportion of total collection) in H1 FY21 from 47.2 per cent in H1 FY20. (See related story)
Gautam Adani, Chairman, Adani Group, said, “There is abundant potential for increased growth in India’s transmission sector in the coming years. We are spearheading our energies and efforts towards providing reliable power supply across the nation. With the government’s core objective of 24×7 Power for all, considering anticipated growth and demand for power in major parts of the country, Adani Transmission Ltd is committed to deliver continuous growth and is helping in strengthening the transmission network across the nation.”
Other highlights
Adani Transmission Ltd is making steady progress on closure of Alipurduar transmission acquisition announced in Q1 of FY21. (Click here for background story)
Adani Transmission is set to complete its new transmission line in Mumbai by December 2022. This line, with a transfer capacity of 1,000 mw, is being developed under the special purpose vehicle Kharghar Vikhroli Transmission Ltd. Adani Transmission won this concession from state utility Maharashtra State Electricity Transmission Company Ltd, under TBCB mode, in June this year. (Learn more)
Network and reach
Adani Transmission Ltd, the transmission and distribution business arm of the Adani Group, currently has a cumulative transmission network of more than 15,400 ckm out of which more than 12,200 ckm is operational and the rest is under various stages of construction. ATL, through AEML, also operates a distribution business serving over 3 million customers in Mumbai.
