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have shown deterioration of more than 10%. Few utilities have also seen deterioration in AT&C losses because of increased rural supplies 8. There has been a decline in terms of the number of utilities which have timely filed tariff petition for FY 2016, with 15 utilities (out of 40) filing the tariff petition in a timely manner during the current rating exercise. The corresponding numbers for the second and first rating exercises were 21 and 7, respectively 9. In terms of availability of audited accounts for FY 2014, 28 out of a total of 40 utilities have submitted audited annual accounts for FY 2014 during the current rating exercise as against 29 POWER SECTOR utilities (submission of accounts for FY 2013) during the second annual rating exercise conducted last year 10. Regulatory clarity gradually appearing in the state power sector with SERCs in place across all 19 states covered by ICRA and CARE �� GRADING SCALE AND GRADES Score Distribution Grade No. of Utilities Grading Definition Between 80 and 100 A+ 5 Very High Operational and Financial Performance Capability Between 65 and 80 A 2 High Operational and Financial Performance Capability Between 50 and 65 B+ 10 Moderate Operational and Financial Performance Capability Between 35 and 50 B 13 Below Average Operational and Financial Performance Capability Between 20 and 35 C+ 8 Low Operational and Financial Performance Capability Between 0 and 20 C 2 Very Low Operational and Financial Performance Capability UTILITY - WISE GRADES Sr.No Name of Utility Rating Agency 3rd IR Grade 1 Dakshin Gujarat Vij Company Limited ICRA A+ 2 Madhya Gujarat Vij Company Limited ICRA A+ 3 Uttar Gujarat Vij Company Limited ICRA A+ 4 Paschim Gujarat Vij Company Limited ICRA A+ 5 Punjab State Power Corporation Limited ICRA A+ 6 Maharashtra State Electricity Distribution Company Limited ICRA A 7 Uttarakhand Power Corporation Limited CARE A 8 Mangalore Electricity Supply Company Limited ICRA B+ 9 Bangalore Electricity Supply Company Limited ICRA B+ 10 Chhattisgarh State Power Distribution Company Limited CARE B+ 11 North Bihar Power Distribution Company Limited CARE B+ 12 West Bengal State Electricity Distribution Company Limited CARE B+ 13 Eastern Power Distribution Company of AP Limited CARE B+ 14 Himachal Pradesh State Electricity Board Limited CARE B+ 15 Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited ICRA B+ 16 Southern Power Distribution Company of Telengana Limited ICRA B+ 17 Southern Power Distribution Company of AP Limited CARE B+ 18 Assam Power Distribution Company Limited CARE B 19 Chamundeshwari Electricity Supply Corporation Limited CARE B 20 Northern Power Distribution Company of Telangana Limited ICRA B 21 Uttar Haryana Bijli Vitran Nigam Limited ICRA B 22 Kerala State Electricity Board Limited CARE B 23 South Bihar Power Distribution Company Limited ICRA B 24 Gulbarga Electricity Supply Company Limited ICRA B 25 Dakshin Haryana Bijli Vitran Nigam Limited CARE B 26 Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Limited CARE B 27 Tamil Nadu Generation and Distribution Corporation ICRA B 28 Jodhpur Vidyut Vitran Nigam Limited CARE B 29 Madhya Pradesh Madhya Kshetra Vidyut Vitran Company Limited CARE B 30 Paschimanchal Vidyut Vitaran Nigam Limited ICRA B 31 Tripura State Electricity Corporation Limited CARE C+ 32 Ajmer Vidyut Vitran Nigam Limited CARE C+ 33 Hubli Electricity Supply Company Limited ICRA C+ 34 Madhyanchal Vidyut Vitran Nigam Limited ICRA C+ 35 Jaipur Vidyut Vitran Nigam Limited CARE C+ 36 Purvanchal Vidyut Vitaran Nigam Limited ICRA C+ 37 Kanpur Electricity Supply Company Limited ICRA C+ 38 Meghalaya Power Distribution Corporation Limited CARE C+ 39 Dakshinanchal Vidyut Vitran Nigam Limited ICRA C 40 Jharkhand State Electricity Board CARE C 73 energetica INDIA · MAY | JUN16


energetica-india-57_asiapowerweek
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