Aptransco to invest Rs 6,000 cr in 4 yrs

Transmission Corporation of Andhra Pradesh Aptransco, a state-owned power distribution company, today said it will be investing nearly Rs 6,000 crore in the next four years.

The investment will be a mix of 10% equity and 90% debt, Aptransco Chairman and Managing Director Ajay Jain told reporters.

"We have tied up with various financial institutions like banks and power finance corporation for Rs 3,000 crore. Remaining Rs 2,900 crore will be raised as and when the requirement comes up," he added  after announcing the annual results.

The company registered a net profit of Rs 106 crore on revenue of Rs 1,026.3 crore in the year 2010-11.

Jain said the transmission losses were 4.4% as against 4.68% during previous year.

Aptransco proposes to add four units of 400 KV, 37 units of 220 KV and 125 units of 132 KV substations along with connected transmission lines in the state in the next four years.

The power distribution company invested Rs 1,005 crore for expanding and strengthening the transmission network during the fiscal, he said.