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

State Reports (Vol.-III)
Study on `Impact of Restructuring of SEBs’
DISCOM 2002-03 2003-04 2004-05 2005-06
2006-07
(Estimated)
Reduction
(%age points)
WESCO 57 47 46 41 40 17
NESCO 64 51 49 41 38 26
SOUTHCO 54 50 50 46 45 11
Improvement in Cash Collection vis-à-vis BST Bill
The three DISCOMs substantially improved the cash collection from Rs 760 crore in
FY 1999-2000 to Rs 1,410 crore in 2004-05. The details of cash collection vis-à-vis
BST bills of last six years are given below:
(Rs crore)
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06
2006-07
(Estimated)
COLLECTIONS
Total 760 830 834
BST BILLS
1,063 1,180 1,410 1,560
TOTAL 814 886 942 945 1,040 1,100 1,180
BST payment 576 808 710 932 1,040 1,137 1,277
Payment as %
71 91 75 99 100 103 108
of BST bill
Surplus over
BST
Establishment of Letter of Credit
5.20
131 140 273 283
Since January 2004, three DISCOMs are making payment of bulk supply energy bills
to GRIDCO through LC. These DISCOMs have established irrevocable LC of Rs
98.50 crore for payment of full bulk supply energy bills to GRIDCO.
Surplus to GRIDCO/NTPC
(a) The three DISCOMs together made a payment of Rs 111 crore to
GRIDCO/NTPC against the Bonds in the last 20 months.
(b) In addition to the above, the three DISCOMs made ad-hoc payment of Rs 130
crore to GRIDCO against the past outstanding dues.
(c) After meeting all the escrowed commitments, DISCOMs are incurring necessary
operation and maintenance expenses for maintenance of distribution network
besides paying salary to more than 12,000 employees on time.
This speaks of a substantial improvement in quality and supply of power.