Shillong, March 31: Chairman-cum-Managing Director of Meghalaya Energy Corporation Limited (MeECL) Arunkumar Kembhavi has expressed confidence that the corporation will be able to bring down the aggregate technical & commercial (AT&C) losses by next year.
“Our AT&C losses are currently at 34 per cent. We are hoping that by next year we will be able to bring it down below 20 per cent. When that happens the cash inflow of the corporation will jump up exponentially,” he said.
Kembhavi informed that installation will start in full swing once the 5,000 smart meters reach the state in just a couple of days.
He said Manipur in 2015 introduced static meters prepaid, those are non-smart meters so with that only the Manipur discom was able to have a complete turnaround of the corporation.
“So I have no reason to not believe that such an episode will not repeat in Meghalaya six or eight months down the line when all smart meters are installed,” he said.
Stating that the losses in some areas of Garo Hills are to the tune of 60 per cent, he said, “That is why we are first targeting the worst performing areas.”
“Smart meters will take care of the commercial losses and for technical losses, we have already swung into action under ADB funded projects of new sub stations and augmentation of existing substations and others– all these will certainly bring down AT&C losses,” he added.
On the hue and cry about the rates of the smart meters, the CMD said the smart meter will cost only Rs 3,750 and not as alleged.
“People are dividing the estimated project cost Rs 236 crore including GST by 2 lakh so that comes to nearly Rs 11,000 so that is a very simplistic way of looking at the picture,” he said.
According to him, the department has also started organising awareness for consumers about the smart meters.