The company has continued to expand its network in the past year due to increasing consumer demand in its licensed area of operations and is constantly striving to achieve increased efficiencies of performance. The Government has also promulgated The Electricity Act, 2003 which will bring about deregulation in a phased manner in the power sector. The facilitating provisions of the new Act will present new opportunities for growth by enabling the company to enter new areas and increase its customer base. The Gujarat Electricity Board (GEB) has invited bids for franchising of distribution circles. The company, being a highly efficient power utility has taken this opportunity and has bid for the same.

The enactment of the new Electricity Act will also enable the company to optimize its cost of procuring power. At present, the company’s generation capacity is lower than the peak demand of its license area. Hence, the company is importing power from the Gujarat Electricity Board to meet this shortfall. However, with ‘Open Access’ & ‘Power Trading’ now feasible under the new environment, the company will now be able to source alternative cheaper power. Also, the provisions of the Act will enable generating stations to sell power directly to consumers which may open up an avenue for competitive purchase and sale of power.