On the eve of 6^th anniversary of Mahatransco, I would like to thank all of you for your sincere efforts to make Mahatransco one of the largest state transmission utilities in India. After unbundling of MSEB in June 2005, MSETCL took over the responsibility of developing and maintaining the Transmission infrastructure to meet the daily state energy demand of over 15,000 MW. With consistent efforts, System availability and Transmission losses have improved upon the bench marks set by the Regulatory Authority. In 2010-11, a significantly high System availability i.e. 99.62% for HVAC and 97.62% for HVDC systems and low transmission loss of 4.31% was achieved. MSETCL wheeled a high of 1,02,076 MUs of Energy during the year.

This was achieved by proactively replacing age old/ obsolete equipment by new equipment, improving maintenance quality by using latest diagnostic equipment, use of Hot Line maintenance techniques, up-dation of technical specifications, installation of modern relay protection equipments and mobile testing vehicles. Compared to the previous year, the number of interruptions of transmission lines has reduced by 34.67% and the duration of interruptions by 36.39%. Continuous monitoring of interruptions and their analysis with remedial measures, as well as planning outages, has resulted in this achievement.

As on March 31, 2011 we own and operate a transmission network of 536 EHV sub-stations, 38,068 Ckm. EHV lines with transformation capacity of 82,619 MVA at 6 EHV levels from 66 KV to 400 KV. This infrastructure consists of both inter-regional as well as intra regional electric power transmission systems in Maharashtra State.

Infrastructure upgradation :

To meet the State’s increase in energy demand and future requirements, MSETCL has taken up the development of transmission infrastructure. Out the XI^th Five Year Plan target, 16 nos. of substations, 103nos. of augmentation of transformers (total 8827 MVA) and 936 Ckt.Kms. of lines have been added in 2010-11, which is the highest annual addition to infrastructure in recent years. An ambitious infrastructure development plan is under implementation by awarding EPC and Turnkey Contracts after inviting international and local bids. The ongoing projects’ construction activities are constantly monitored by the new Project Monitoring Team efficiently. We are planning to commission 24 new EHV sub-stations and 1,666 Ckt.Kms. of transmission lines in 2011-12.

MSETCL has also entered into JVs with M/s. Adani and M/s. Indiabulls to set up 765 KV and 400 KV lines for evacuation of about 8,000MW of Generation. The JV with JSW (JPTL) has commissioned 400KV D/C line between New Koyna – Jaigad (55 Km.) and completed about 82 Kms of 400KV D/C Jaigad- Karad line. Further, critical projects such as the GIS sub-station at Rastapeth, Pune and 400KV Dabhol- Nagothane line of about 135 ckt. km. have been commissioned in 2010-11.

Financial Performance :

MSETCL has incurred Capex of Rs.2,720 crores in year 2010-11 and Rs.2,363 crores in 2009-10. The Company has posted Net Profit (provisional) of Rs.305 crores in 2010-11 and Rs.245 crores in 2009-10. Repairs and Maintenance expenditure, employee cost and administrative expenses are within control and in accordance with Regulatory approvals. Further, MSETCL has achieved capitalization of assets of a high level in the Financial Year 2010 – 11: Rs.2270 crores compared to Rs 1,124 crores in 2009-10.

In addition, MSETCL has also taken up the following activities for implementation:

1. ERP – MIS project with the assistance of IBM – Enterprise Resource Planning by integrating all the functions of MSETCL departments on line to achieve performance excellence in business; project nearing completion.

2. Optic Fibre communication of about 2840 Km. - To set up a comprehensive communication network in MSETCL by utilizing existing infrastructure.

3. Unmanned remotely controlled substations at two locations, GIS substations at Bhandup and Hinjewadi.

4. ABT metering at 514 Sub-stations – Availability Based Tariff metering for energy accounting purposes and implementation of FBSM.

5. Setting up of Training Centres at 7 locations and Power System Learning Centre at Aurangabad to create skilled manpower.

6. Preparatory work for debt restructuring and for launch of MSETCL’s IPO – To raise funds from market for equity capital / Capex Schemes and to reduce the interest burden resulting in long-term impact on tariff.

On this auspicious day, I once again would like to thank all of you for your sincere efforts for the above achievements and hope to see the same spirit of dedication and performance in the future too.