MESCom cuts distribution losses to 13 pc.

(From Business Line)

from BUSINESS LINE, December 10, 2005 Bangalore, Dec. 9 - THE Mangalore Electricity Supply Company Ltd (MESCom) has cut distribution losses to 13 per cent and this year it is likely to earn a large profit. This is a clear indication that power reforms are beginning to generate return

MESCom's loss is among the lowest in the country and compares favourably with the Reliance-operated distribution network in Mumbai. Mr Bharat Lal Meena, Managing Director of the Karnataka Power Transmission Corporation Ltd and Chairman of MESCom, said, "This will make MESCom among the most profitable circles." In fact the Karnataka Electricity Regulatory …