Power Minister nudges discoms to boost financial health

New Delhi: The power ministry on Thursday asked distribution companies to work towards improving their financial viability, have cost-reflective tariffs and strive to list their power sector utilities as these measures would help them attract funds for future investment. The remark came at the regional meeting of the power sector.

Power secretary Pankaj Agarwal highlighted the major concerns about the financial health of public sector distribution utilities. Agarwal said there was slow progress of works under the Revamped Distribution Sector Scheme (RDSS). He also asked states for implementation of resource adequacy plan in a strategic manner and to resolve pending issues in ongoing projects in the generation and transmission projects.

Utility Rankings

Adani Electricity Mumbai Ltd has topped the integrated ratings of 63 distribution utilities for FY24. It was followed by Dakshin Gujarat Vij Company, Noida Power Company and Madhya Gujarat Vij Company. In the consumer services rating of distribution companies for FY24, six discoms including Delhi's BSES Rajdhani Power Limited, BSES Yamuna Power and Tata Power Delhi Distribution got the highest grades.