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Better performance will earn power firm incentive

The UT administration will give an incentive to the power distribution company, which will be finalised after the bidding process, if its performance surpasses the set target.In the proposal submitted before the Joint Electricity Regulatory Commission (JERC) for the privatisation of the UT electricity department, the administration stated, “T&D losses, collection efficiency and aggregate technical and commercial (AT&C) losses trajectory for the next five years will be fixed in the request for proposal (RFP). An incentive will be allowed to the distribution company if the actual performance surpasses the same.”Recently, the UT administration had written a letter to the JERC and submitted a roadmap for the department’s privatisation. For the .....

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