Adani Transmission Ltd, part of the Adani Group, saw a significant reduction in the operational losses of its power distribution business, during the third quarter (September to December) of FY21.
The distribution losses during Q3 of FY21 stood at 6.70 per cent as against 8.69 per cent in the same period of FY20. ATL could reduce its distribution losses largely due to improved recoveries in the first half (April to September) of FY21.
In a release, Adani Transmission Ltd, also said that customer adoption of digital payment avenues increased sharply in Q3 of FY21. In this period, the share of e-payments in total collection was 63.46 per cent as against 48.81 per cent in Q3 of FY20.
As part of its power distribution business, ATL, through its subsidiary Adani Electricity Mumbai Ltd, serves over 3 million customers in Mumbai.
Performance in Apr-Dec
In the first three quarters of FY21, ATL could maintain supply reliability at 99.99 per cent, vis-a-vis the same period of FY20. Distribution losses in both the periods stood at around 7.9 per cent.
However, the sale of electricity in the first nine months of FY21, at 5343 million kwh, was nearly 20 per cent lower than the 6647 million kwh worth of electricity sales in the same period of FY20. Lower electricity sales reflected the adverse impact of the pandemic-induced lockdown in the early part of FY21.
It may be mentioned that though electricity continued to be lower year-on-year in Q3 of FY21, the quantum of decline was much smaller at 9.4 per cent.
Addition to transmission network
In Q3 of FY21, ATL added 650 ckm of transmission lines to its overall network, coming entirely from acquisition of Alipurduar Transmission Ltd. (Read more).
Currently, Adani Transmission Ltd’s total network is an estimated 15,400 ckm, including some 3,200 ckm under construction. The average availability of its power transmission network improved to 99.83 per cent in Q3 of FY21 from 99.59 per cent in Q2 of FY20.
