A Glass Half Full
Just a few miles away from the national capital Delhi, the industry in Uttar Pradesh’s Ghaziabad district is forced to take a day off every week because the state power distribution companies dont have enough electricity to supply. It comes at a steep cost, according to various local industry bodies. It is estimated that the accumulated daily losses of the factories in this industrial district on account of the weekly off totes up to a staggering Rs 500 crore. In fact, in 2014/15 Uttar Pradesh drew only 35.7 billion units (BU), against entitlement of 38 BU, from the central government generation units when only a few pockets in the state have 24X7 power supply.
Indeed, it is much the same story in different parts of the country. Most states are grappling with an acute power shortage even though Union Power Minister Piyush Goyalhas revealed that the national power deficit has fallen to 3.6 per cent in 2014/15, a record low. The reason: mounting losses of state distribution companies. According to the filings with the state power regulators across the country, 21 out of the 29 state distribution companies are reporting losses and the accumulated revenue deficit is more than Rs 2 lakh crore. They are not, therefore, willing to buy electricity and, instead, push for unscheduled power cuts