Q. Consider the following statements regarding Integrated Ratings for State Power Distribution Utilities:
1. The rating exercise is carried out annually in all the states.
2. It covers State Power/ Energy Departments and private sector distribution utilities too.
Which of the above statements is/are correct?
Answer: D
Notes:
Both statements are incorrect
- The Ministry of Power had formulated an Integrated Rating exercise in 2012. It evaluates the performance of State Power Distribution utilities on a range of parameters covering operational, financial, regulatory and reform parameters.
- The rating exercise is carried out on an annual basis and presently covers 41 state distribution utilities spread across 22 states. (not all states)
- State Power/ Energy Departments and private sector distribution utilities are however not covered under the integrated rating exercise
- Nodal Agencies: ICRA and CARE are the designated credit rating agencies that carry out this exercise.
- Co-ordinations agency: Power Finance Corporation (PFC) has been mandated to coordinate with the utilities, rating agencies & Ministry of Power (MoP) during the rating exercise.
Source: Article
