APTransco to invest Rs 6,000 crore - Wire & Cable India
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APTransco to invest Rs 6,000 crore

5 May, 2011

Transmission Corporation of Andhra Pradesh (APTransco) is investing about Rs 6,000 crore in the next four years to augment power evacuation infrastructure in a move that will bring down power deficit and transmission losses.“We have already tied up with various financial institutions, including banks and PFC, for almost Rs 3,000 crore worth projects that have been sanctioned. The total investment will be a mix of 10% equity and 90% debt,” said Mr Ajay Jain, Chairman and Managing Director of the company.The investment will be used to set up some 170 sub-stations of different capacities, including four 400 kV and 37, 220 kV sub-stations. Last fiscal, it spent Rs 1,000 crore for capacity enhancement projects.The total energy handled during the fiscal stood at 76,450 MUs, against the requirement of 78,970 MUs, with the deficit reduced to 3.2% as against 6.6% in the previous year. “This is much lower compared to the all-India deficit of 8.5% and southern region deficit of 5.2%. The deficit for Maharashtra, Madhya Pradesh, Uttar Pradesh and Bihar during the year was 16.6%, 20.2%, 15% and 13% respectively,” Mr Jain added.Similarly, the peak demand met during the year was 11,829 MW as against a requirement of 12,630 MW, representing a peak deficit of 6.3% as compared with the previous year’s deficit of 10.6 %.

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