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Friday, September 24th, 2021

Haryana's performance has improved a lot

INVC NEWS
Chandigarh,
As a result of Haryana Government’s consistent efforts under the visionary leadership of Chief Minister, Sh. Manohar Lal to provide uninterrupted power supply, the state has been ranked second in the ninth DISCOMs Integrated Ratings by the Central Government. This has been possible due to the fundamental changes introduced by the present State Government in the power sector.


Sharing information in this regard here today, Haryana Power, Jails, New & Renewable Energy Minister, Sh. Ranjit Singh said that Union Minister for Power, New and Renewable Energy, Sh. R. K. Singh has recently released the ninth DISCOMs Integrated Rating which is based on the performance of 41 power distribution companies across the country.


He said that the Power Department has achieved this milestone under the visionary leadership of Chief Minister Sh. Manohar Lal. He said that Haryana Bijli Vitran Nigam has been ranked second in the country in these ratings for the financial year 2019-20. He added that this has been the finest performance of Haryana Discom so far in the history of the state. He said that the Union Ministry of Power monitors the work of various power companies across the country in collaboration with ICRA, Analytics Limited and Care Advisory Research and Training Limited. The first such ranking in the country was done in the financial year 2012-13.


Sh. Singh informed that Dakshin Haryana Bijli Vitran Nigam Limited has got A+ grade along with four companies of Gujarat in ninth DISCOMs Integrated Rating and Uttar Haryana Bijli Vitran Nigam has got A grade. In the performance of all the states of the country, all the four companies of Gujarat have got the first place and Haryana has been ranked second overall. He said that Haryana's performance has improved a lot. The state has been able to make a mark in the power sector due to the vision and innovative experiments of the present government.


The Power Minister said that several parameters are considered for such ratings. Listing out the parameters he said that the first is the operational and reform parameter, for which 43 marks have been fixed. This includes power purchases for loss, cost efficiency, RPO compliance, corporate governance. Its second external parameter has15 marks wherein the marks of regulatory and government support are given. Similarly, third is the financial parameter of 42 marks, which includes cost coverage ratio, interest coverage ratio, audit, sustainability, receivables etc. Both the Power Utilities of Haryana have been given outstanding ranking on the basis of very high operational and financial performance capability.


Sh. Singh said that our government is continuously moving towards the goal of providing 24 hours power supply to every village and city of the state. The government has made people aware and encouraged them to deposit power bills. For this, several raids were conducted on a large scale which resulted in curtailing power theft. In such a situation, both the public and Power Utilities are in profit. Expressing joy on this achievement he said that he had decided to bring in fundamental changes in the power sector while taking up the responsibility of the Power Department and subsequently raised it from losses to profits. He has shared that Power Finance Corporation gives loans to power companies and it ranks them with regard to their working. The Power Department of Haryana is continuously making historic changes and is further enhancing its services and functioning. As a result of which the Power Corporations are giving their best performance.

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