As the Centre and states are discussing ways to bail out debt-laden state electricity boards (SEBs), the latest available data show that despite the continuous fall in the performance of the four states — Rajasthan, Tamil Nadu, Uttar Pradesh and Haryana — the combined results of all SEBs in the country have shown some improvement, reports Sumit Jha in New Delhi.
The losses of the SEBs of the four “focus states” widened by 30% and their revenue gap per unit of electricity sold rose 16% in FY14. The financial restructuring plan adopted by eight states came into force in 2012. However, the combined losses of all SEBs in the country declined 11% in FY14 while the revenue gap dropped 14%. The four states accounted for 80% of the losses of all the utilities combined.
As for the worst-performing states, the only bright spot was a 7% decline in the aggregate technical and commercial (AT&C) losses; the combined AT&C loss reduction for all utilities was 11%.
