Power Grid Corporation (POWERGRID) expects \u201cno impact\u201d from proposed changes in Operation & Maintenance (O&M) charges norms by Central Electricity Regulatory Commission (CERC), a top company official said.
The official said the company was in discussion with the regulator.<\/p>\n\n\n\n
Draft regulations suggest altering the prior 75:25 (sub-station vs transmission line) O&M cost distribution to 65:35 ratio, increasing transmission line charges while decreasing substation charges.<\/p>\n\n\n\n
Chairman and Managing Director Ravindra Kumar Tyagi claimed \u201cnet impact is almost zero,\u201d with overall O&M charges maintained.
\u201cThey have added one more element, \u2018reactor\u2019. Earlier, we were not incurring any O&M charges for reactors. Now, reactor charges have been added per MVAR (Mega Volt-Ampere Reactive), similar to transformer charges per MVA capacity, such as Rs 20 lakh or so per MVA. Therefore, those charges have been added.<\/p>\n\n\n\n
The net impact is negligible almost zero, we are going to receive the same O&M charges as before\u201d, he told investors in an analyst call.
Speaking regarding Return on Equity (ROE), proposed norms suggest existing assets at 15.5 per cent and setting 15 per cent for new projects after April 1, 2024, he said discussions were on with the Central Electricity Regulatory Commission (CERC) and power grid was optimistic that final norms won\u2019t adversely affect the company\u2019s revenue or profitability.<\/p>\n\n\n\n
The company was aiming to cross capex of Rs 10,000 crore in the current fiscal. \u201cOur capex in Q3, on a consolidated basis is Rs 3,444 crore, and for nine months it is Rs 7,690 crore. We are hopeful that this capex will be almost Rs 10,000 crore plus,\u201d he said. Power Grid\u2019s consolidated income during the December 2023 quarter was Rs 11,820 crore. During the quarter, net profit rose 10 per cent YoY to Rs 4,028 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"
Power Grid Corporation (POWERGRID) expects \u201cno impact\u201d from proposed changes in Operation & Maintenance (O&M) charges norms by Central Electricity Regulatory Commission (CERC), a top company official said.The official said the company was in discussion with the regulator. Draft regulations suggest altering the prior 75:25 (sub-station vs transmission line) O&M cost distribution to 65:35 ratio, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-405116","post","type-post","status-publish","format-standard","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/405116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=405116"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/405116\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=405116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=405116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=405116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}