Adani Transmission, in its latest performance update, has said that the company’s transformation capacity saw a 17.2 per cent year-on-year growth, as of June 30, 2020.
As of the end of Q1FY20 (which is June 30, 2020), the transformation capacity of Adani Transmission Ltd (ATL) stood at 27,280 MVA. This was 4,000 MVA (or 17.2 per cent) higher than the comparable level of 23,280 MVA as of June 20, 2019.
During the first quarter of FY21 (April 1 to June 30, 2020), the company could add around 1,500 MVA of transformation capacity. In the same time period, addition to the transmission line network was however just 74 ckm.
| Adani Transmission Ltd: Network Statistics | ||
| As of | TL (ckm) | SS (MVA) |
| Q1 FY20 (Jun 30, 2019) | 14,217 | 23,280 |
| Q4 FY20 (Mar 31, 2020) | 14,740 | 25,780 |
| FY21 Q1 (Jun 30, 2020) | 14,814 | 27,280 |
| TL = Transmission Lines; SS = Substation | ||
ATL has explained that there was lower network addition as majority of under-construction projects have were back-ended due to the COVID-19 pandemic induced lockdown. Much of the first quarter of FY21 was affected by the nationwide lockdown.
Despite the lockdown, ATL could maintain healthy system availability. In Q1FY21, average system availability was 99.90 per cent, just marginally lower than the 99.93 per cent in Q1FY20.
The continued lockdown has resulted in migration of resources affecting project execution work due to non-availability of workforce and disruption of allied services. This will result in slight delay in scheduled commercial operation date of projects, ATL said.
ATL added that it was taking requisite steps to complete the projects on schedule. However, to mitigate the loss due to time and cost overrun, it has already issued required force majeure and Change in Law notices under the provisions of Transmission Service Agreements.
In the power distribution business, some highlighting observations on the company’s performance in Q1 FY20 are:
- Growth in customer base; higher consumption by residential units than commercial & industrial
- Slight increase in customer complaints due to provisional billing in the period
- Lower bill collection due to restriction in movement, but surge in e-payment
It may be recalled that in 2017, ATL took over the power distribution business in Mumbai from the earlier owner Reliance Infrastructure Ltd. The business is now incorporated under Adani Electricity Mumbai Ltd.
(Featured photograph for illustration only)
