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CESC distribution franchisee revenue to touch Rs 1600-1700cr

Press Trust of India  |  Kolkata 

Power utility Ltd's distribution franchisee business, excluding licensee area, is set to touch revenues of Rs 1,600-1,700 crore after it bagged the distribution circle of Maharashtra, a top of the company said Monday.

has power distribution franchisee business in Kota, Bharatpur and Bikaner in besides being the license holder of Greater Noida and circle.

"It (revenues) will be around Rs 1,600-1,700 crore including new circle," said when asked about the combined revenue of distribution business except circle of CESC.

CESC Kolkata Circle involves Kolkata and part of district which has a revenue of Rs 7,000 crore.

For the power utility, is the fifth power distribution franchisee after Greater Noida, Kota, Bharatapur, Bikaner and Kolkata.

CESC company officials said Bharatapur has turned profitable.

Speaking about Malegoan Distribution franchisee Circle, Goenka said that in the previous fiscal, the revenue was Rs 322 crore with total 1 lakh consumers. Presently, 83 per cent of the consumers are industrial and 13 per cent domestic. The transmission and distribution (T&D) loss currently stands at 44.76 per cent.

"We will buy power at Rs 3.26 per unit from State Electricity Distribution Company Limited. The final tariff is yet to be approved," Goenka said.

CESC has 600 MW independent power plant in Chandrapur in which has 270MW long-term power purchase agreement and short-term agreement for another 170MW with State Electricity Distribution Company Ltd.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 07 2019. 20:35 IST