New Delhi: Anil Dhirubhai Ambani group (ADAG) company Reliance Infrastructure Sunday said it will bid for more power distribution business in Maharashtra, UP, Bihar and other states, claiming it helped the Delhi Government save Rs19,000 crore through improvement in power supply.
“We are geared up to bid for distribution work in 20 cities including nine in Uttar Pradesh, five in Maharashtra and four in Bihar as and when bids are invited,” Reliance Infra Chief Executive Officer Lalit Jalan told PTI.
There are indications that these states would open up power distribution to the private sector, Jalan said, adding, “with our proven credentials in the sector, we are hopeful to be front-runners in the race.
He further said, “In case of winning awards, it will be our endeavour to reform the sector and reduce the aggregate technical and commercial (AT & C) losses substantially. In Delhi we helped the state government to bring down losses to 20% from 55% in 2002.”
The operations in Delhi, he said, helped the state government save Rs19,000 crore over the past seven years.
Reliance Infra, he claimed, is the largest private sector enterprise among power utilities involved in generating, transmitting, distributing and trading electricity and constructing power plants as engineering procurement construction partners.
He said the company has distributed power over the last six years to over 2.5 million customers in Delhi, with a peak demand of 2,650 MW, having invested over Rs 3,200 crore in infrastructure.
In Mumbai, he said the company distributes power to over 2.7 million customers, with a peak demand of 1,465 MW.
AT&C losses in Mumbai are the lowest, he claimed.
Reliance Infra distributes more than 28 billion units of electricity to cover 25 million consumers in the country, over 1,24,300 square km.
It generates 941 MW, from its power stations located in Maharashtra, Andhra Pradesh, Kerala, Karnataka and Goa.
The company claims to be emerging as one of the leading players in India in the engineering, procurement and construction (EPC) segment of the power sector with an order book of Rs8,300 crore, having executed projects worth Rs10,000 crore in the past four years.