Specific Information Service
BHUBANESWAR: Projecting a internet income requirement of Rs 10,745.42 crore for 2021-22, the State-run bulk energy buying and selling utility GRIDCO has requested the Odisha Electrical energy Regulatory Fee (OERC) to approve a mean bulk provide worth of 393.39 paise per unit towards the present worth of 287.70 per unit.
GRIDCO’s demand for a forty five.55 per cent (computer) hike within the bulk provide worth (BSP) was strongly opposed by industries and client teams on the public listening to by OERC on Tuesday for willpower of tariff for the following monetary 12 months.
Arguing for a value primarily based tariff, GRIDCO submitted that it has an excellent mortgage of Rs 6,564.19 crore as on March 31, 2020 with reimbursement legal responsibility of Rs 1164.97 crore due in 2021-22. “Because of non-cost reflective BSP, disallowance of carrying value on regulatory belongings and large receivables, the mortgage legal responsibility has elevated through the years,” GRIDCO mentioned.
Estimating whole reimbursement legal responsibility at Rs 2103.78 crore and curiosity due at Rs 1079.75 crore, the State utility has proposed for a particular appropriation of Rs 1164.97 crore for restoration and deferring loans payable to the State authorities and NTPC bonds.
GRIDCO proposes to satisfy mortgage legal responsibility from revenue (buying and selling margin) out of sale of surplus energy as directed by the Fee in its earlier orders. Because the buying and selling margin might be very low as a result of current market situations, GRIDCO requested to create a separate mechanism to satisfy internet reimbursement legal responsibility publish adjustment of margin.
The State PSU has proposed to acquire 28,221.67 million unit (MU) of energy for 2021-22 contemplating transmission lack of 3 computer. Estimating the overall vitality availability at 35,290.03 MU from all sources, it mentioned the common value of energy can be 305.89 paise per unit.
GRIDCO will earn a income of Rs 1,464.70 crore from buying and selling surplus energy. With the facility buy value coming to Rs 10,795.03 crore, it has to get well the stability Rs 9,330.34 crore from the distribution corporations (discoms).
“The corporate will undergo a income deficit of Rs 2,899.02 crore contemplating the proposed common income requirement (ARR) of Rs 10,745.42 crore and income incomes of Rs 7,846.41 crore from sale of 27,315.02 MU to discoms throughout 2021-22 on the current BSP,” GRIDCO mentioned.
Objecting to the demand of GRIDCO, commerce and industries mentioned greater energy value will make energy intensive industries unviable as they’ve suffered large loss because of the COVID-19 pandemic scenario.
Representatives of client teams mentioned OERC compensated Gridco loss by revising tariff in June. Since all sectors are affected by the pandemic and most people is bearing the brunt of the value hike of all commodities, additional hike in tariff would be the final straw on camel’s again.