Technopark, Thiruvananthapuram, has presented its financial performance for the financial year 2024–25 before the Kerala State Electricity Regulatory Commission. The IT park, which operates as a deemed distribution licensee across its four phases, reported a net revenue surplus of ₹224.66 lakh during the year. This surplus is lower than the earlier projected and approved figure of ₹448.95 lakh.
During the year, Technopark saw growth in its consumer base, which increased to 1,017 from 964 in the previous year. The total energy sales reached 806.71 lakh units, mainly driven by IT and IT-enabled service companies operating within the campus. To meet this demand, Technopark purchased 839.32 lakh units of electricity from the Kerala State Electricity Board at a total cost of ₹6,369.16 lakh.
In addition to purchased power, Technopark also generated 3.46 lakh units of electricity through its rooftop solar installations. However, the Commission observed that the solar plants are operating below the expected efficiency level, with capacity utilization below the required 19%. It has advised the park authorities to improve maintenance practices to increase renewable energy generation.
One of the key concerns raised during the hearing was related to distribution losses. Technopark reported losses of 4.04%, which is slightly better than the previous year’s 4.06% but still higher than the approved target of 3.25%. Due to this, the Commission disallowed ₹52.52 lakh from the power purchase cost, as it was linked to excess losses. Technopark explained that higher losses, especially in Phase I, were due to underloaded transformers and faulty meters. The management informed that steps are already being taken to replace old equipment with modern and accurate systems.
The Commission also reviewed the operation and maintenance expenses claimed by Technopark. While the total claim was ₹741.81 lakh, only ₹504.37 lakh was approved after a detailed check. A major portion of the disallowed amount included ₹74.68 lakh towards electricity duty, which cannot be charged to consumers as per regulations.
Overall, despite some reductions in approved costs and surplus, the truing-up exercise reflects that Technopark is growing steadily. The park is also taking steps to upgrade its infrastructure and improve efficiency while continuing to maintain a financial surplus.
Subscribe to get the latest posts sent to your email.
