thermal power development - Infraline

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Central electricity authority Annual Report 2009-10 Year-wise Commercial Losses of Power Utilities Year Losses (Rs. Crores) 2001-02 29331 2002-03 21245 2003-04 19107 2004-05 23995 2005-06 20869 2006-07 27101 2007-08 31862 Source: PFC Reports on the performance of the State Power Utilities. 9.1.3 Settlement of Dues The gap between average revenue realization and average cost of supply remained constantly high causing erosion over the years in the volume of internal resources generation by the SEBs and led many of them to virtual bankruptcy. The level of commercial losses of the SEBs/ utilities depended inter-alia on the unaccounted energy losses, effective subsidies incurred towards sales to agriculture and domestic sectors, efforts to neutralize them through cross subsidization and the level of subventions provided by the State Governments. Gross subsidy on energy sales had been increasing over the years because of the policy of some of the States to provide electricity at subsidized rates to agriculture and domestic consumers. Consequently, SEBs were unable to make full payments to Central Power Sector Utilities (CPSUs) for purchase of power and coal resulting in accumulation of huge outstanding amount to be paid by SEBs to CPSUs. This adversely affected the growth and performance of CPSUs. This payment deficit continues to rise and threaten the viability of the Central Power Utilities. Poor creditworthiness of SEBs also effectively blocked investments by the Private Sector despite the enabling and encouraging framework laid down by the Centre. Even in the post reform period, managerial and financial inefficiency in the State Sector utilities adversely affected capacity addition and system improvement programmes. In pursuance of the reforms process, the Expert Group constituted by the Government under the chairmanship of Member (Energy), Planning Commission recommended a scheme for one-time settlement of dues payable by the SEBs to CPSUs and Railways. This one-time settlement scheme (launched on 5 th March, 2001) of dues owed by SEBs/Utilities to CPSUs, was aimed at making loss-making power utilities bankable. In terms of the Scheme, 60% of interest/surcharge on the delayed payments/ dues as on 30.9.2001 was waived and the rest of the dues were securitized through tax-free bonds issued by respective State Governments. Considerable progress has been made since in the settlement of dues payable by SEBs to CPSUs and the Railways. All State Governments signed the Tripartite Agreement envisaged under the scheme, which was between the State Government, Reserve Bank of India and the Government of India. Out of these, 27 States have issued bonds amounting to Rs.31,581 crores. Goa had no outstanding dues. The Government of the National Capital Territory of Delhi securitized its outstanding dues by converting their dues into long-term advances of Rs.3,376 crores payable to the CPSUs concerned separately under Bi-partite Agreements, as they do not have the power to issue bonds. 9.1.4 Trend in Outstanding Dues to CPSUs by SEBs/Utilities CEA has been monitoring the status of the outstanding dues payable by SEBs to CPSUs. The total dues outstanding to various CPSUs for the period 2002-03 to 2009-10 are given in the table below: “Energy Saved is Energy Generated” 97
Central electricity authority Annual Report 2009-10 Year Total Outstanding Dues (as on 31 st March, 2010) (Rs. in Crore) For 7 PSUs For 10 PSUs For 11 PSUs 2002-03 41335.36 2003-04 6747.52 2004-05 6080.79 2005-06 2840.75 2006-07 2909.66 2007-08 3045.19 3795.81 2008-09 4069.92 4290.01 2009-10 5837.66 6081.83 6081.83* *11 th PSU namely NHDC has reported no outstanding dues A statement indicating the status of outstanding dues as per the information received from CPSUs upto 31-03-10 is given in Annexure-9A. 9.2 Electricity Tariff & Duty and Average Rates of Electricity Supply In fulfillment of its obligations under Section 73(i) & (j) of the Electricity Act, 2003, CEA brings out a publication titled “Electricity Tariff & Duty and Average Rates of Electricity Supply in India”. The latest edition (March, 2009) contains information on tariffs applicable in various States/Utilities as effective on 31 st July, 2008. Average rates of electricity supply presented in this edition have been worked out on the basis of the Tariff Orders issued by the State Electricity Regulatory Commissions and Tariff Notifications issued by the concerned SEBs/ Power Departments/Utilities. Further, the publication incorporates a comparative study of estimated average rates of electricity in various States of the country. Though, it is somewhat difficult to compare the tariffs applicable in the various States, as the parameters considered by the State Electricity Boards/State Electricity Regulatory Commissions for fixing consumer tariff are not identical, an attempt has been made to work out average rates for various categories of consumers for the purpose of a broad comparison. The methodology followed involves assumption of certain sanctioned load (kW) and monthly electricity consumption (kWh) level for each category of consumers separately. Considering the rates of sale of electricity for various slabs as notified by the supplier, the average per unit rates have been worked out. The electricity duty/ taxes applicable are added to these rates to arrive at the estimated average per unit cost payable by different categories of consumers. A statement indicating estimated average category-wise rates of electricity for various utilities in the country updated up to 31-03-2010 is given at Annexure-9B. 9.3 References on Techno-financial matters in Power Sector The following references on issues concerning financial/commercial matters of Power Sector were received from MoP/other Ministries/ Trade & Industry associations during the year on which CEA’s comments/ recommendations were sent to MoP/ concerned departments: 98 “Electricity is life: Conserve it.”
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thermal power development - Infraline

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