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

Synopsis of State Reports (Vol.-IV)
Study on `Impact of Restructuring of SEBs’
xi) Orissa is one of the few States where 24 hours power supply has been
maintained in most of the electrified areas.
II. Stabilisation of GRIDCO
GRIDCO, a State PSU, has achieved financial turnaround. The salient features
are as follows:
i) GRIDCO has earned a profit of Rs 417.77 crore in 2003-04 and Rs 357.38
crore during 2004-05.
ii) GRIDCO has traded power worth Rs 638 crore and Rs 1,130 crore during
2003-04 and 2004-05 respectively.
iii) GRIDCO has paid the current dues to the generating companies and FIs in
full from October 2003 till date. It has saved interest to the tune of Rs 80
crore per annum through swapping of high cost debt.
III. Stabilisation of Distribution Companies
The DISCOMs have stabilised and the following features are worth
mentioning:
i) The DISCOMs have streamlined billing function and installed more than
6.5 lakh consumer meters. Meter cubicles, XLPE cables and check meters
have been installed to arrest theft of electricity in HT category. Security
guards have been appointed for vigilance duty.
ii) 33 kV and 11 kV feeder metering has been completed. Metering of 33/11
kV sub-stations and DTs is in progress.
iii) DISCOMs have formed squads for collection of outstanding dues from
consumers and for de-hooking. They have introduced spot billing and
enhanced vigilance activities. Energy audit has been initiated. .
iv) Through measures like establishment of Consumer Care Centres and
creation of Consumer Grievance Redressal Forums, better consumer
services are being provided.
Central Electricity Supply Company of Orissa Limited
While acquiring CESCO, AES was assured that GRIDCO would allow CESCO
cash accommodation up-to Rs 174 crore. This amount, along with interest, was
to be repaid after 1 September 2002. There was a dispute between AES and the
State Government over financing the required working capital over and above
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