The AP Transco will invest Rs. 8,521 crore in the next two years to strengthen its Extra High Voltage Transmission Network and increase power availability in the State. Likewise, the AP Genco will invest Rs. 65,249 crore during 2016-22 to add additional capacity of 11,210 MW, according to AP Transco CMD and AP Genco MD K. Vijayanand.
Addressing the press here on Tuesday, he announced the financial results of AP Transco and AP Genco for 2015-16. Mr. Vijayanand said that Transco proposes to construct 88 substations and 3,794-km line length during the next three financial years.
The substations with the voltage levels of 132 kV, 220 kV, 400 kV would be constructed. Transco had also drawn up plans to construct 400 kV level ring main substations around the Capital region.
These substations would come up at Eluru, Chilakaluripeta, Gudivada, Tullur/Inavolu, he said.
Mr. Vijayanand said that the RTPP stage-IV, Nagarjunasagar Tail pond dam PH, would be commissioned by October and June this year respectively. Dr. NTTPS stage V, SDSTPS stage-II, Krishnapatnam TPP, Vadarevu Ultra mega power project stage I&II, Polavaram hydro electric plants were under development.
Srikakulam TPS was under investigation, he said adding, Genco plans to add 11, 210 MW by 2022.
The CMD said that Transco earned a profit after tax of Rs. 113 crore as against Rs. 95 crore the previous year. The revenue fell to Rs. 1,179.30 crore in 2015-16 compared to Rs. 1,248.29 crore in the previous year. Expenditure too dropped to Rs. 1,127.60 crore from Rs. 1,247.35 crore.
But the profit has increased due to reduction in capitalisation and other expenditure. Likewise, Genco earned a profit Rs. 43 crore in 2015-16 against Rs. 39.22 crore in 2014-15, he said.
To a question, Mr. Vijayanand said that the State Load Dispatch Centre would be shifted to Gunadala here shortly.
A Committee was searching suitable accommodation for Genco offices.
The Transco and Genco offices would be shifted as per government schedule, he said.
Genco Director (Finance and Commercial) G. Adinarayana, Transco Director (Finance) Dinesh Paruchuri, and SECM Member secretary A. Chandrasekhar Reddy were present at the conference