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An efficient fiscal management has led to decrease in the financial losses of power distribution companies (discoms) of Rajasthan to the tune of Rs 6,000 crore in the past two years, Minister for Energy Pushpendra Singh said on Tuesday.
“The annual financial losses of all the discoms were over Rs 15,000 crore when we came to power in 2013-14 but with measures to check distribution losses, increase in our own generation and with better financial management, we were able to control the losses in discoms,’’ he said ahead of the two-year anniversary of the BJP government in the state.
He claimed that annual losses by discoms were Rs 15,645 crore in 2013-14, which decreased to Rs 12,473 crore in 2014-15 and is expected to be nearly Rs 9,500 crore in the current year.
The average short term power purchase rate has reduced from Rs 4.20 per unit in 2013-14 to Rs 4.04 per unit in 2014-15 and Rs 3.95 per unit in the current financial year, up to September 2015. Discoms had short-term power purchase of Rs 1,775 crore in 2012-13 which was brought down to Rs 946 crore in 2013-14, Rs 571 crore in 2014-15 and, in the current year, Rs 331 crore up to September.