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Home KSEB KSEB projects Rs 3,208-cr revenue gap in 2012-13

KSEB projects Rs 3,208-cr revenue gap in 2012-13

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arrThe Kerala State Electricity Board (KSEB) has projected a revenue gap of Rs 3,208.64 crore in 2012-13. The board has estimated that the income from sale of power during the year will be Rs. 5,197.92 crore and from non-tariff sources Rs. 390.36 crore, taking the total revenue to Rs 5,588.28 crore. On the other hand, the aggregate revenue requirement (ARR) is Rs 8,796.92 crore, leaving the projected revenue gap.

The board, in its application to the State Electricity Regulatory Commission (SERC), has said that it will file a proposal for bridging the gap after consultations with the Government.

The board has also submitted the revised revenue gap for the current year, which stands at Rs 1,933.82 crore. It had originally projected a revenue gap of Rs 2,208.31 crore for the year and the commission had subsequently issued orders approving a gap of Rs 887.81 crore.

The board has pointed out that it is in a transitory phase of implementing the provisions of the Electricity Act 2003.

There may be events or contingencies in the future having major financial implications, which will necessitate revision of the estimates for 2012-13. In the event, the board has submitted to the commission a few proposals so as to sustain its financial health as also to serve its consumers over a longer period.

One of the proposals is to allow the board to pass on the additional cost on generation and power purchase to the consumers on a quarterly basis. Such a situation will arise due to factors such as failure of monsoon, reduction in the allocation power from central generating stations, a change in the hydro-thermal mix and escalation in the prices of liquid fuels and coal. The board has also requested to the commission to allow it file interim petition in the event of contingencies.

Besides, there should be year-end truing up of costs and revenues of the board and allow it any uncovered costs in the subsequent years, thereby protecting its commercial viability.

Source- Hindu


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