VIJAYAWADA: The board of directors of the Transmission Corporation of Andhra Pradesh (APTRANSCO) has resolved to continue procurement of cost-effective power, which has so far helped save Rs 700 crore in spot power purchases at an average price of Rs 1.63 to Rs 2.80 per unit.
As power procurement accounts for 75 per cent of expenditure of power sector, the officials said that cost-effective power purchase would also bring down the cost of service, which has already come down by 10 per cent year-on-year. The board of directors, which met in the Secretariat on Friday, said minimising power purchase costs was a financially viable model for the cashstrapped and debt-ridden distribution companies (discoms).
