The state’s two power distribution companies (discoms) made a record revenue collection worth Rs10,192 crore during the 2020-21 financial year, energy minister Bijendra Prasad Yadav said on Friday. The amount collected has exceeded the sum last fiscal.
Most of the collections were made in the second half of the financial year or from October to March. It is a notable achievement despite the constraints and adverse circumstances created by the coronavirus pandemic during the first half of the fiscal, Yadav said.
The two discoms engaged are North Bihar Power Distribution Company (NBPDC) and South Bihar Power Distribution Company (SBPDC).
Remarkably, the revenue collections made during the 2020-21 fiscal is Rs1,594 crore more than the amount collected in 2019-20. The increase in the revenue collection over the 2019-20 fiscal is by record 19%, when the power availability in the state increased by only 4%, the minister said.
He said the revenue collections made in the first two quarters (from April to September) was Rs1,100 crore less than that during the same period in 2019-20. As a side-effect of the achievement, the aggregate technical and commercial (AT&T) losses were also reduced, he said.
The minister attributed the record revenue collections to the active engagement of the top managements of the two discoms, which kept on issuing instructions and guidelines to the field staff and officials, besides constantly monitoring the drive.
“I also congratulate them for the achievements that they have made,” the minister said.
