Odisha Sun Times Business Bureau
Bhubaneswar, June 13:
Bangalore-based Enzen Global, having interest in the fields of energy, gas, water, renewable energy etc, has unveiled an ambitious plan to spend a whopping Rs 200 crore in Odisha as part of its Capital Expenditure
Speaking to a select group of reporters, the power distribution franchisee engaged by CESU has pegged CAPEX of around Rs 50 crore for the 2014-15 fiscal year to strengthen the transmission and distribution
.
A dedicated and decentralized CAPEX team in all six divisions of the Dhenkanal and Paradeep circles has been deployed to expedite the CAPEX programme, he said.
“We aim to reduce the transmission and distribution
At present the T&D loss in the power sector is in excess of 35%, and power theft accounts for 13% out of the total loss.
“We aim to put in place in a strict vigilance system in all the divisions to curb unauthorized and unaccounted power consumption as well as to check the rising power theft,” Mr Kumar added.
“Unfortunately, for every 1.5 million unit
As part of its checks and balance strategy to arrest financial loss the discom is facing, ENZEN is banking upon multiple strategies like ensuring correct meter reading, rectification of faulty meters, focus on improving the network, reducing the distance of transmission lines from one grid to another to ease the T&D losses, system upgradation, strict vigilance mechanism, undertaking initiatives for more community participation etc, according to the Chairman.
Besides, the power discom had started the ‘Energy clinic’ concept last year in the state, which has the sole aim to make the consumers aware about the need to save and reduce the consumption of energy by use of efficient and effective energy conservation equipment, he added.
Replying to a query from reporters regarding the Orissa Electricity Regulatory commission
As a part of its diversification strategy, the company has a future plan to jump into the renewable energy
ENZEN also aims to increase the coverage of billing area, intensification on collection of dues to convert its loss making operations in Odisha in to profitable ones, the Chairman told media persons.