BHUBANESWAR:
Southco has estimated a gap of Rs 934.24 crore in its revenue requirement for the
financial year 2013-14 which it wants to be recovered from retail supply tariff
hike or revenue subsidy from the Government with a 40.03 per cent distribution
loss.
During the Odisha Electricity Regulatory
Commission’s (OERC) hearing on power tariff hike, the Southco said it has
proposed Annual Revenue Requirement (ARR) of Rs.1767.20 cr. to meet its
obligation to supply power to the consumers of its areas of supply.
It has estimated that out of the proposed revenue
requirement Rs.745.74 cr. which is 42 per cent of the ARR, should be utilised
for purchasing power from the Gridco.
The Southco also pointed out that in spite of
collecting revenue from consumers at the existing tariff it would not been a
position to meet its revenue requirement which has been shown as a gap of Rs
934.24 crore. The company again requested the OERC to consider a retail supply
tariff hike or expect a subsidy of that order from the Government.
As many as 117 complainants have filed their
objections against the proposed ARR of the Southco for 2013-14. They have
requested the commission for a thorough scrutiny of the proposal before
approving it.
Notably, the decision of the OERC on Retail
Supply Tariff shall be effective from April.
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