crackcrackAnil Dhirubhai Ambani group (ADAG) company Reliance Infrastructure will bid for more power distribution business in Maharashtra, UP, Bihar and other states. The company is geared up to bid for distribution work in 20 cities including nine in Uttar Pradesh, five in Maharashtra and four in Bihar as and when bids are invited, according to its CEO Lalit Jalan. There are indications that these states would open up power distribution to the private sector, and with Reliance Infra’s proven credentials in the sector, it is hopeful to be front-runners in the race.
In case of winning awards, it will be our endeavour to reform the sector and reduce the aggregate technical and commercial (AT & C) losses substantially. In Delhi it helped the state government to bring down losses to 20 per cent from 55 per cent in 2002. The operations in Delhi, helped the state government save Rs 19,000 crore over the past seven years.
Reliance Infra, is the largest private sector enterprise among power utilities involved in generating, transmitting, distributing and trading electricity and constructing power plants as engineering procurement construction partners. It has distributed power over the last six years to over 2.5 million customers in Delhi, with a peak demand of 2,650 MW, having invested over Rs 3,200 crore in infrastructure. In Mumbai, the company distributes power to over 2.7 million customers, with a peak demand of 1,465 MW. It distributes more than 28 billion units of electricity to cover 25 million consumers in the country. It generates 941 MW, from its power stations located in Maharashtra, Andhra Pradesh, Kerala, Karnataka and Goa.
| Company Name | CMP |
|---|---|
| NTPC | 333.30 |
| Tata Power | 401.25 |
| Power Grid Corp | 315.75 |
| Adani Power | 498.45 |
| Torrent Power | 1476.80 |
| View more.. | |
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