Torrent Power Appointed As Distribution Franchisee By MSEDCL
Torrent Power Limited (TPL) has emerged as the winner of the competitive bidding process conducted by Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the appointment of input based Distribution Franchisee for distribution of electricity in Shil, Mumbra & Kalwa sub-divisions under Thane Urban Circle, for a period of 20 years.
MSEDCL has issued the Letter of Intent (Lol) to TPL and the Distribution Franchisee Agreement (DFA) with MSEDCL will be executed in due course and operations are expected to be taken over soon thereafter. Shil, Mumbra & Kalwa sub-divisions under Thane Urban Circle has a customer base of 2.15 lakhs. FY 2016-17 has been reckoned as the base year, Aggregate Technical & Commercial (AT&C) loss for the same is ~47% with input Mus of 677 Mus and net sales of 376 MUs.
TPL's obligations under the DFA will be to distribute electricity to the consumers on behalf of MSEDCL in accordance with applicable Law, Regulations & Directives of MERC. TPL is expected to upgrade the infrastructure, improve quality of supply and lower AT&C losses; whereas MSEDCL is obliged to supply input power at annual input rates as agreed under the DFA.
- Issued By:MAHARASHTRA STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED
- Bagged By:
- Region:Western India
- Published On:2019-01-03