Andhra Pradesh: Power utilities demand another Rs 2,892 crore to come out of the red

VIJAYAWADA: Claiming that they would not come out of the red unless actual power purchase costs are considered while admitting the true-up charges, power distribution companies (discoms) have filed a review petition seeking approval for another Rs 2,892 crore over and above the already approved Rs 3,103 crore by the AP Electricity Regulatory Commission (APERC).

As such, the commission has scheduled a public hearing to take the views of consumers and other stakeholders on August 4. In their review petition, APSPDCL and APEPDCL claimed that they were in a “precarious financial position” and any expenditure not included in the true-up would be “fatal” to them.