KOLKATA: Median tariff revision on an all India basis was subdued at 3% and 1% for FY2018 and FY2019 and it is likely to remain at similar levels for FY2020, ratings firm ICRA has predicted.
In a report, ICRA said: “While power distribution has seen significant reduction in losses and debt following debt restructuring under Ujwal DISCOM Assurance Yojana (UDAY), tardiness in tariff filings and inadequate tariff revision proposals for FY2020 remain an area of concern. “
“Apart from delay in tariff filings and inadequate tariff proposals, the lack of progress in reducing distribution loss levels in line with the targets agreed under UDAY remains a concern area for the entire power sector,” Sabyasachi Majumdar, senior vice president & group head – corporate ratings, at ICRA.
