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Web Exclusive | January 2017

Gridco seeks 46 per cent tariff hike

Projecting a revenue deficit of Rs 3214.39 crore at the existing bulk supply price of power, the Grid Corporation of Odisha Limited (Gridco) has demanded 46 per cent hike in the BSP for FY2017-18. In its annual revenue requirement application to OERC, the state-owned utility has estimated the net revenue requirement at Rs 10,293.12 crore. Gridco has asked for a BSP of 397.77 paise per unit for the ensuing financial year as against the existing price of 273.14 paise per unit. If approved by OERC, the BSP will be costlier by 124.63 paise per unit. Last year, the company had proposed 362.62 paise per unit in its ARR for 2016-17.

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