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This year it is expecting an annual revenue of around Rs 1,700 crore from the segment.
At present, outside Kolkata, CESC serves retail power distribution in five locations including Malegaon in Maharashtra which it recently bagged. It includes distribution franchise for Kota, Bharatpur and Bikaner in Rajasthan, bagged a few years ago, which it is already serving, apart from distribution in Uttar Pradesh’s Greater Noida which it has been serving for several years now.
CESC, received power distribution franchisee from Maharashtra State Electricity Distribution Company Ltd ( MSEDCL) for Malegaon Municipal Area in Maharashtra for 20 years through a competitive bidding based on annualized input rate for purchase of power payable to MSEDCL.
At a press conference in Kolkata on Monday, group chairman, Sanjiv Goenka said: “CESC is expecting a turnover of around Rs 322 crore annually to begin with from Malegaon distribution franchise.”
“CESC’s total power consumer base now touches 40 lakh following the award of Malegaon distribution licence. Kolkata has 33 lakh customers while three CESC Distribution Companies in Rajasthan’s Kota, Bharatpur and Bikaner currently services 4 lakh consumers. CESC serves around 2.4 lakh consumers in Greater Noida while Malegaon has a base of around 1 lakh,” he said.
A CESC press statement said: “Malegaon, is an important powerloom hub located 280 kms north end from Mumbai. It is the second largest city of Nasik District. The area comprises 25 sq kms with one lakh electricity consumers. Operations of the Malegaon Distribution franchise will be conducted through a separate entity - a subsidiary of CESC.”
Peak demand in Malegaon area is around 130 MW and it will source power from MSEDCL. More than 80% of the consumer base at Malegaon are industrial and the rest domestic. Transmission and distribution loss at the city currently stands at 44.76%
Goenka also said that his group will also focus on distribution and will keep looking for new distribution opportunities.
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