The second meeting of Group of Ministers (GoM), constituted for addressing
issues related to viability of electricity distribution utilities, was held in Mumbai recently in the presence of Devendra Fadnavis, Chief Minister of Maharashtra, also holding the portfolio of Energy Ministry in the State, and Shripad Yesso Naik, Union Minister of State for Power and New & Renewable Energy as Chairman of the GoM.
V. Senthil Balaji, Minister of Electricity, Tamil Nadu, Dr. Somendra Tomar, Minister of State for Energy, Uttar Pradesh, and Meghana Sakore Bordikar, Minister of State for Energy, Maharashtra attended the meeting. Gottipati Ravikumar, Minister of Energy, Andhra Pradesh and Heeralal Nagar, Minister of State for Energy, Rajasthan attended the meeting through video-conference. The meeting was also attended by officials from Central Government, State Governments and Power Utilities of member states, Power Finance Corporation (PFC) Ltd., and REC Ltd.
In his opening remarks, the Union Minister of State highlighted 4 key parameters and their relevance to improving viability of distribution utilities viz. Aggregate Technical and Commercial (AT&C) Loss, Gap between Average Cost of Supply and Average Revenue Realised (ACS-ARR Gap), Accumulated Losses and Outstanding debts.
