Report of Indian Institute of Public Administration ... - Ministry of Power

Andhra Pradesh
4.3.8 Financial Performance
The companies have shown gradual progress in the financial performance over
the years as shown below:
Financial Performance
DISCOM Particulars 2001-02 2002-03 2003-04
(Rs crore)
2004-05
SPDCL Turnover 2,076 2,389 2,416 2,468
PAT/Loss -2.54 -2.03 2.60 5.97
NPDCL Turnover 926 1182 1158 1208
PAT/Loss -51.09 -0.68 0.95 3.30
CPDCL Turnover 2,363 3,553 4,061 4,959
PAT/Loss 0 -127 -21 1.66
EPDCL Turnover 1,223 1,415 1,546 2,013
PAT/Loss -28.90 3.85 1.85 15.36
The turnover of each DISCOM has increased over the years. Initially, the
DISCOMs were incurring losses. The financial performance has gradually
improved over the years. By 2003-04, three DISCOMs could register profits.
From 2004-05, the fourth DISCOM (CPDCL) has also started earning profits.
4.3.9 Investments
In the pre-reform scenario, the investment support had almost come to a
standstill because of the poor financial status of APSEB. PFC and REC have
stopped releasing new loans on account of accumulation of over due payments
of the past loans. The restructured power Utilities regained the confidence of
the investors by clearing their dues. The DISCOMs are now receiving adequate
financial support from the FIs for successfully pursuing their schemes.
Investments in the distribution segment from 2001-02 to 2004-05 are shown
below:
Investments in Distribution Sector
(Rs crore)
DISCOM 2001-02 2002-03 2003-04 2004-05
NPDCL 81.31 167.69 193.25 212.26
CPDCL 169.44 343.40 399.95 323.27
EPDCL 75.01 143.52 181.72 -
Initially, investment support was provided by the World Bank under the
Adjustable Programmable Lending (APL) Loan. Later, support was received
from the REC, PFC, etc. After the reforms, there is adequate investment
support for the network expansion and improvements as can be seen from the
succeeding paragraphs.
1.40