Centre sanctions Rs 66 billion to Andhra Pradesh power utilities

The central government has sanctioned Rs 66 billion to the state power utilities of Andhra Pradesh as Atmanirbhar scheme as a loan. …

The government released Rs 33 billion to the state under the second trench of the loan and already released an amount of Rs 33 billion so far. Reportedly, the power utilities saved Rs 10.23 billion by procuring power at power exchanges. The power utilities reduce AT&C losses to 13.36 per cent in in the year 2019-20 from 16.36 previous year. The state also saved fixed cost payments of Rs 8.50 billion per annum by surrendering 625 MW of coal power from central generating stations. In addition, the power utilities procured 6,320 million units of power from the open market during the current financial year.

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