Will bring down losses by next year: Meghalaya Energy Corporation Limited  

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SHILLONG, March 31(NNN): Chairman cum managing director of Meghalaya Energy Corporation Limited (MeECL) Arunkumar Kembhavi has expressed confidence that the corporation will be able to bring down the aggregate technical & commercial (AT&C) losses by next year.

“Our AT&C losses are currently at 34 percent. We are hoping that by next year will be able to bring it down below 20 percent. When that happens the cash inflow of the corporation will jump up exponentially,” he said. Kembhavi informed that installation will start in full swing once the 5,000 smart meters reach the state in just a couple of days. Stating that the losses in some areas of Garo Hills are to the tune of 60 percent, he said, “That is why we are first targeting the worst performing areas.”

“Smart meters will take care of the commercial losses and for technical losses, we have already swung into action under ADB funded projects of new sub stations and augmentation of existing substations and others– all these will certainly bring down AT&C losses,” he added.

On the hue and cry about the rates of the smart meters, the CMD said the smart meter will cost only Rs 3,750 and not as alleged. “People  what they are doing is the estimated project cost Rs 236 crore including GST and everything they are dividing Rs 236 crore by 2 lakh so that comes to nearly Rs 11,000 so that is a very simplistic way of looking at the picture,” he said. According to him, the department has also started organizing awareness for consumers about the smart meters.

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