Vijayawada, Could 5: The TDP-led authorities in Andhra Pradesh has revamped the state’s energy utilities, bringing in professionals from main establishments like NTPC and SBI to drive transparency and operational effectivity, sources mentioned.
The ruling TDP-led coalition in Andhra Pradesh had pledged to overtake the electrical energy sector, scale back energy losses, and convey down tariffs. After assuming workplace, Chief Minister N Chandrababu Naidu launched a white paper revealing that the entire debt of state energy utilities had surged from Rs 62,826 crore in FY 2018-19 to Rs 1,12,422 crore in FY 2023-24.
The report highlighted a major deterioration throughout most key efficiency metrics of Andhra Pradesh’s energy utilities. As a key step in direction of the purpose, the electrical energy corporations – Andhra Pradesh Energy Technology Company Restricted (APGENCO), Andhra Pradesh Transmission Company Restricted (APTRANSCO), and three distribution corporations — the Central Energy Distribution Firm of AP Ltd, the Jap Energy Distribution Firm of AP Ltd, and the Southern Energy Distribution Firm of AP Ltd, have been revamped with prime administration hires from throughout the spectrum, sources in know of the event mentioned. Interviews had been broadly publicised and 140 individuals appeared for the interviews.
Lastly vetting was performed to make sure a stability of competence, expertise and understanding of points. As many as 16 director-level appointments have been made within the energy utilities.
Sources mentioned Nara Lokesh, Chairman of the Group of Ministers on Job Creation, had been carefully monitoring the hiring course of and pushed for appointment of the perfect expertise to revamp the facility sector.
The hires embrace Abid Rahman, as Director Finance of APSPDCL (southern discom and largest one) who comes with expertise of management roles in State Financial institution of India. Equally S Venkateswarlu who’s really useful as director finance in central discom (APCPDCL) was until lately CGM at State Financial institution of India. Equally, Ok Seetha Rama Raju who’s appointed as AP Genco director finance and industrial, is from the Indian Railway Accounts Service and has been deputy chief administrative officer of the Indian Railways. Ok Srinivas, who’s appointed as Director of the AP Energy Growth Company Restricted (APPDCL) has been govt director at India’s largest energy producer, NTPC and most lately vp at Jindal Energy Ltd. Releasing the white paper in July final 12 months, Naidu recalled the successes of his earlier reform phases — Energy Sector Reforms 1.0 (1995–2004) throughout his tenure as Chief Minister of undivided Andhra Pradesh, and Energy Sector Reforms 2.0 (2014–2019) in his earlier time period — each of which, he mentioned, had made the state energy-efficient and self-sufficient.
Emphasising the pressing want for Energy Sector Reforms 3.0, Naidu asserted {that a} transformative strategy is crucial to carry the sector out of its present debt burden and place Andhra Pradesh as a future power hub.
