The Hindu Business Line : 11 State power boards cut losses up to Rs 5,000 cr

POWER sector is looking up with as many as 11 State electricity boards (SEBs) having reported reduction in losses over the last two years and public-sector generation companies increasing their recoveries from SEBs, the Power Secretary, Mr R.V. Shahi, said here. Speaking at a seminar on the power sector organised by the Confederation of Indian Industry (CII), he said, "Besides putting in place Electricity Act 2003, the Ministry of Power has taken various initiatives and results are here to see. As many as 11 States have reduced financial losses up to Rs 5,000 crore."

In the case of National Thermal Power Corporation, Power Grid Corporation and National Hydro Electric Power Corporation, the collection rate (ratio of collection to billed) has gone beyond the 90 per cent mark.

According to Mr Shahi, a taskforce on power sector chaired by the Planning Commission Member, Mr N. K. Singh, would submit its report on the new electricity policy, tariff policy and fiscal measures by month end or early November.

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