Andhra Pradesh saves Rs 2,350 cr in power purchase in last two years

25 May 2021 CW Team

In the last two years, 2019-20 and 2020-21, Andhra Pradesh has saved approximately Rs 2,350 crore by purchasing electricity in spot markets at cost-effective prices.

The power utilities purchased 3,393 million units (MU) from the open market at lower prices in 2019-20 and 8,890 MU in 2020-21.

The average procurement cost, including transmission costs, was Rs 3.12 per unit, compared to the approved weighted average procurement cost of Rs 4.55/unit.

In addition to relying on spot market power purchases, state power utilities in India used artificial intelligence and machine learning for the first time to deploy a day-ahead electricity forecasting model. Every 15 minutes, this could forecast the next day's electricity consumption. This would allow for better decisions on electricity demand and supply, grid management, and lowering power purchase costs.

The state government persuaded the Ministry of Power to relinquish the 625 MW thermal power, allowing the AP discoms to reduce their financial burden by Rs 1,007 crore.

In the past, the central power grid collected central transmission utility point of connection charges from discoms based on anticipated usage on a quarterly basis. As a result, utilities were required to pay higher charges to the central grid.

In response to the AP energy department's protest, the CERC changed the methodology, resulting in Rs 350 crore in savings over the last two years.

Image Source

Also read: Govt urges electricity regulators to issue tariff orders on time

Also read: Liquidity infusion for discoms: Overdues fall Rs 15k cr in March

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..