"DHBVNL has reported remarkable achievement of turnaround from loss Rs 479 crore in FY 2015-16 to a profit of Rs 201.35 crore in H1 2016-17 (April-September). DHBVNL has also reported the elimination of GAP from Rs 0.25/unit FY16 to Rs (-)0.19/unit in H1 FY17(on Energy Sold Basis)," a senior Power Ministry official said.
GAP is the difference between the Average Cost of Supply (ACS) per unit of power and per unit average revenue realised (ARR). Thus DHBVNL's cost of power supply is lesser than the revenue realised per unit.
He further said that although the other discoms of the state Uttar Haryana Bijli Vitaran Nigam (UHBVNL) has not made profit in the first half of this fiscal but the losses have come down.
UHBVNL has reported a loss of Rs 1,233 crore in H1 FY17 against the loss of Rs 336 crore in FY16 (full year).
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In UHBVNL, there is Lower Billing Efficiency of 67.01 per cent, high AT&C loss of 36.62 per cent and higher GAP of Rs 1.67/unit (per unit revenue realised is less than the cost of service provided).
He explained that the extrapolating half yearly loss gives an idea that losses will be lower at the end of the year than agreed projections.
Haryana with UHBVNL and DHBVNL had joined Uday on March 11, 2016. State has incurred a loss of Rs 815 crore in FY16 for both discoms combined and has given loss projections of Rs 2,911 crore for FY17, Rs 1,878 crore for FY18, Rs 456 crore for FY19 and finally profit of Rs 80 crore in FY20.
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