Pvt players to reduce power losses

Mumbai : IT firm Spanco Telesystems took over three distribution areas of Nagpur this May, after it won the licence through competitive bidding. The BPO company aims to bring in efficiency in management and curb thefts, and transform these loss making areas into profits.

The company will invest around Rs 350 crore in capital expenditure in achieving this objective. Yet another aim of the company is to improve the service standards of power distribution to their four lakh consumers.

“We aim to reduce transmission and distribution losses from the present 33 per cent to sub-15 per cent level in the next three-four years," says Kaustubh Dhavse, senior vice-president -strategy, Spanco.