The Uttar Pradesh Power Corporation Ltd (UPPCL) has, in its amended annual revenue requirement proposals submitted to the Uttar Pradesh Electricity Regulatory Commission, proposed an estimated income of Rs 7,443.12 crore against an estimated expenditure of Rs 8,543.96 crore, showing a loss of Rs 1,100.84 crore in 2003-04.
According to estimates, the transmission losses will decline to 30.62 per cent in 2003-04 from 33.60 per cent (estimated) in 2002-03 and the actual loss of 38.76 per cent in 2001-02.
The cost of supply works out to be Rs 3.43 per unit. The corporation has sought a 2.13 per cent average price revision in tariffs. It will give an additional revenue of Rs 144.65 crore.
More From This Section
UPPCL has proposed to buy 37,275 million units at the rate of Rs 1.62 per unit, which will cost the corporation Rs 6,022 crore. Of the estimated 25,861 million units sale, retail sales have been placed at 23,274 million units and the bulk sales at 2,587 million units.
The aggregate revenue requirement from retail supply is estimated at Rs 7.985.72 crore with subvention from the state government at Rs 935 crore. The net revenue requirement comes to Rs 7.050.72 crore.
Revenue at current tariff is Rs 6,783.74 crore and if the proposed hike is accepted it will go up to Rs 6,928.39 crore.
But UPPCL has not been able to adhere to the targets, which it has set for itself or which have been approved by the UPERC.
For instance, for 2001-02, the transmission losses was 38.76 per cent against the target of 36.4 per cent. Therefore, these commitments will remain verbal till they are backed up by the actual confirmed data.