Torrent Power has reported lower T&D losses across all its three distribution franchisee areas – Bhiwandi, Agra and SMK – in Q1 of FY23, according to a recent investor presentation.
In the Bhiwandi franchisee area in Maharashtra, T&D losses fell to 11.24 per cent in Q1 of FY23 from 11.56 per cent in the same period of FY22. The drop in T&D losses in the other two areas was more significant. In Agra (Uttar Pradesh), T&D losses fell sharply to 14.25 per cent in Q1 of FY23 from 17.43 per cent in the like period of FY22. For the Shil-Mumbra-Kalwa (SMK) area in Maharashtra, the T&D losses were down to 37.97 per cent from 43.20 per cent, by the same comparison.
Interestingly, in all the three areas discussed above, the fall in T&D losses was despite higher power purchase.
In the four areas where Torrent Power is a distribution licencee, the company witnessed higher T&D losses in Q1 of FY23 as against the same period of FY22. The biggest jump in T&D losses was seen in the Ahmedabad area – 9.32 per cent in Q1 of FY23 as against 7.70 per cent in Q1 of FY22.
Q1 of FY23 was also the first quarter for Torrent Power to start operations as distribution licencee in the UT of Dadra & Nagar Haveli and Daman & Diu. The area was formally taken over on April 1, 2022 through a newly-formed company “Dadra & Nagar Haveli and Daman & Diu Power Distribution Corporation Ltd” where Torrent Power holds 51 per cent with the UT administration holding the remainder.
Also read: Torrent Power Wins 300-Mw Wind Power Project In SECI Auction
The DNHDD licence area is spread over 603 sqkm and the peak demand in FY22 was 1,150 mw. In Q1 of FY23, the quantum of power purchased stood at 2468 million kwh. In terms of peak demand, the DNHDD area is comparable to the Ahmedabad/Gandhinagar licensed area through the latter has a much lower geographical area – 356 sqkm as against 603 sqkm of DNHDD.
Featured photograph (source: Torrent Power Annual Report) shows energy meters in the company’s Shil franchised area, before and after replacement.
