Andhra Pradesh

APGenco generated more power this year: Minister

The government is making sincere efforts to protect the power sector from financial stress, Energy Minister Balineni Srinivasa Reddy said.

The government is making sincere efforts to protect the power sector from financial stress, Energy Minister Balineni Srinivasa Reddy said.  

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‘Power was purchased from exchanges at cheaper rates’

Energy Minister Balineni Srinivasa Reddy said that APGenco generated more electricity in August this year as compared to the corresponding period last year, that too with a higher Plant Load Factor.

“APGenco generated 2,069.74 Million Units (MU) in August as against 1,522.21 MU in the corresponding month last year, with a Plant Load Factor (PLF) of 60.59% compared to the previous year’s 44.56%,” he said on Sunday. “Besides, power was purchased at a cheaper price of ₹3.26 per unit from power exchanges in October 2019 compared to ₹6.21 last year. This clearly shows the government’s efforts to protect the power sector from financial burden and providing cost-effective power to consumers,” the Minister said in a press release.

Mr. Srinivasa Reddy said that the government laid emphasis on resolving the issue of coal shortage. “With an improvement in the supplies to thermal power plants, power utilities were able to successfully meet the present demand of 163 MU per day and supply uninterrupted power to all categories of consumers, apart from providing free power for nine hours to farmers,” he said. Mr. Srinivasa Reddy said that the High Court order on making payments to renewable energy developers at ₹2.43/₹2.44 per unit as against ₹4.84 gave the government a shot in the arm in its fight for the protection of power sector.

“If the government continues the high-cost power purchases, it will adversely affect consumer interests. It will also have a negative impact on industrialisation and eventually lead to the collapse of the power sector,” the Minister said.

Free power supply

Mr. Srinivasa Reddy added that the free power supply to farmers would give a fillip to the farm sector, thereby boosting the rural economy. The government has allocated ₹4,525 crore to the scheme, under which free power was being supplied to around 60% of feeders. The remaining are expected to be covered by March next year, he said.

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Printable version | Dec 8, 2019 10:52:12 AM | https://www.thehindu.com/news/national/andhra-pradesh/apgenco-generated-more-power-this-year-minister/article29612465.ece

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