{"id":12106,"date":"2023-12-22T00:11:14","date_gmt":"2023-12-21T18:41:14","guid":{"rendered":"https:\/\/vglobenews.com\/?p=12106"},"modified":"2023-12-22T10:41:14","modified_gmt":"2023-12-22T05:11:14","slug":"telangana-power-sector-in-crisis-white-paper-reveals-rs-81516-crore-debt","status":"publish","type":"post","link":"https:\/\/vglobenews.com\/?p=12106","title":{"rendered":"Telangana Power Sector in Crisis: White Paper Reveals Rs. 81,516 Crore Debt"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Telangana Power Sector Faces Bleak Financial Reality: White Paper Unveils Disturbing Figures<\/strong><\/p>\n\n\n\n

Hyderabad, December 21:<\/em> The power sector in Telangana is confronting severe financial strains, as disclosed in a comprehensive white paper presented in the Assembly on Thursday. The detailed findings shed light on the following critical issues:<\/p>\n\n\n\n

    \n
  1. Mounting Debts and Discom Losses:<\/strong><\/li>\n<\/ol>\n\n\n\n
      \n
    • Power companies within the state are collectively burdened with an alarming debt totaling Rs. 81,516 crores.<\/li>\n\n\n\n
    • Discoms, grappling with financial losses, find themselves in the red with a cumulative deficit of Rs. 62,641 crores, painting a dire financial picture.<\/li>\n<\/ul>\n\n\n\n
        \n
      1. Telangana Gen Co’s Escalating Debts:<\/strong><\/li>\n<\/ol>\n\n\n\n
          \n
        • Telangana Gen Co, which had a debt of Rs. 7,662 crores in 2014, has seen its financial liabilities skyrocket, now standing at a staggering Rs. 32,797 crores.<\/li>\n\n\n\n
        • The inclusion of debts incurred in the name of others pushes the overall indebtedness beyond Rs. 53,000 crores.<\/li>\n<\/ul>\n\n\n\n
            \n
          1. Agricultural Electricity Consumption Challenges:<\/strong><\/li>\n<\/ol>\n\n\n\n
              \n
            • The number of agricultural pump sets in the state has witnessed a significant surge from 19.03 lakhs to 27.99 lakhs in the past decade.<\/li>\n\n\n\n
            • Agriculture now constitutes 28 percent of the total electricity consumption in the state, with lift irrigation accounting for 6 percent, experiencing a 4 percent increase from the previous year.<\/li>\n<\/ul>\n\n\n\n
                \n
              1. Insights into Chhattisgarh Electricity Agreement:<\/strong><\/li>\n<\/ol>\n\n\n\n
                  \n
                • Details of the Chhattisgarh electricity purchase agreement reveal substantial expenditures, with the state government spending Rs. 39,722 crores for the procurement of 78,970 million units.<\/li>\n\n\n\n
                • Notably, Rs. 638.50 crores were disbursed as debt for an unutilized corridor related to the Chhattisgarh electricity contract.<\/li>\n<\/ul>\n\n\n\n
                    \n
                  1. Dharmal Plant Delay and Cost Escalation:<\/strong><\/li>\n<\/ol>\n\n\n\n
                      \n
                    • The Bhadradri Thermal Plant, completed seven years behind schedule, witnessed a significant cost escalation, with the per-megawatt cost rising from Rs. 6.75 crores to Rs. 9.74 crores.<\/li>\n\n\n\n
                    • The Yadadri Thermal Plant, with a 4,000 MW capacity, remains non-operational a decade after its initiation.<\/li>\n<\/ul>\n\n\n\n
                        \n
                      1. Agricultural Sector Burden:<\/strong><\/li>\n<\/ol>\n\n\n\n
                          \n
                        • Despite claims of providing 24-hour electricity to the agricultural sector, a substantial discrepancy between expected and actual supply has led to a staggering burden of Rs. 18,725 crores on the agricultural sector alone.<\/li>\n<\/ul>\n\n\n\n
                            \n
                          1. Government Institutions’ Outstanding Dues:<\/strong><\/li>\n<\/ol>\n\n\n\n
                              \n
                            • To settle dues owed to power generators, the state resorted to daily operating capital loans, accumulating to Rs. 30,406 crores.<\/li>\n\n\n\n
                            • Government departments now find themselves in arrears, with an outstanding debt of Rs. 28,842 crores. Major contributors to this debt include Irrigation, Mission Bhagiratha, Panchayati Raj, Water Board, and municipalities.<\/li>\n<\/ul>\n\n\n\n

                              The release of the white paper is aimed at fostering transparency and acknowledging the pressing challenges faced by the power sector, calling for urgent attention and remedial actions.<\/p>\n\n\n\n

                              \"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

                              Telangana Power Sector Faces Bleak Financial Reality: White Paper Unveils Disturbing Figures Hyderabad, December 21: The power sector in Telangana is confronting severe financial strains, as disclosed in a comprehensive white paper presented in the Assembly on Thursday. The detailed findings shed light on the following critical issues: The release of the white paper is […]<\/p>\n","protected":false},"author":1,"featured_media":12103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,25,29],"tags":[1054],"class_list":["post-12106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","category-business","category-telangana","tag-telanganapowersector-financialcrisis-debtrevelation-whitepaper-discomlosses-agriculturalelectricity-chhattisgarhagreement-dharmalplantdelay-governmentdues-powersectorchallenges"],"yoast_head":"\nTelangana Power Sector in Crisis: White Paper Reveals Rs. 81,516 Crore Debt - VGlobe News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vglobenews.com\/?p=12106\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Telangana Power Sector in Crisis: White Paper Reveals Rs. 81,516 Crore Debt - VGlobe News\" \/>\n<meta property=\"og:description\" content=\"Telangana Power Sector Faces Bleak Financial Reality: White Paper Unveils Disturbing Figures Hyderabad, December 21: The power sector in Telangana is confronting severe financial strains, as disclosed in a comprehensive white paper presented in the Assembly on Thursday. 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