|
Project detail:
The project will improve the financial sustainability of Tripura State Electricity Corporation Limited (TSECL) and Tripura Power Generation Limited (TPGL). The key elements will include (i) reducing electricity costs through (a) completion of a highly efficient combined cycle gas turbine (CCGT) plant and (b) reduction of AT&C losses through smart metering and distribution strengthening; and (ii) increasing revenues through (a) reduction of commercial losses by implementing smart metering and (b) improved collection of accounts receivables. The completion of the CCGT plant in particular will significantly improve the financial position of both utilities and reduce the carbon footprint by increasing the efficiency of power generation and facilitating renewable energy integration. A comprehensive financial management action plan (FMAP)_containing actions to be taken to improve the financial governance and sustainability of TSECL and TPGL has been prepared by ADB. Key elements of the plan that will help improve the financial sustainability of TSECL and TPGL include (i) implementing tariff reforms through timely submission of tariff and true-up petitions , the release of government subsidies, and a reduction in the ACSARR gap to zero; (ii) improving the timeliness and quality of financial statements through implementation of enterprise resource planning, enabling the timely submission of tariff and true-up petitions; (iii) preparing a road map for administrative and financial separation of TPGL from TSECL; (iv) improving the management of fixed assets; and (v) supporting the implementation of RDSS.
Note: Please download project documents attached to this project for more information.
|
