VIJAYAWADA: Transmission Corporation of Andhra Pradesh Ltd (APTRANSCO) bagged two prestigious awards at the Southern India level.
The South Govtech Symposium Award was received in the Digital Transformation Excellence category for the Joint Meter Reading (JMR) Application developed by APTRANSCO’s IT Wing.
Additionally, APTRANSCO was honoured with the IT Innovation Award for its creative steps in developing and implementing a demand forecasting model based on cutting-edge Artificial Intelligence (AI) and Machine Learning (ML) by the State Load Dispatch Centre (SLDC) of APTRANSCO.
The awards were presented to APTRANSCO officials by representatives of the Governance Now South Gov-Tech Symposium at a ceremony held in Hyderabad on Wednesday night.
Special Chief Secretary Energy and APTRANSCO CMD K Vijayanand, along with MD Andhra Pradesh Power Generation Corporation (APGENCO) KVN Chakradhar Babu and JMD HR & Admin/APTRANSCO Kirthi Chekuri, congratulated the IT/Telecom team of APTRANSCO and the State Load Dispatch Centre for their achievements.
Vijayanand encouraged officials to maintain their sustained efforts in operational excellence within the power sector, guided by Chief Minister N Chandrababu Naidu and Energy Minister Gottipati Ravi Kumar, and to aim for more awards for power utilities in the future.
“The implementation of the JMR application has enabled the AP Power Co-ordination Committee (APPCC) to eliminate Late Payment Surcharges (LPS) and receive rebates on invoice bills due to reduced delays. Typically, the surcharges amount to around 15% of the invoice’s total amount, with a rebate of around 1%. With an annual invoice processing of approximately `50,000 crore, it is estimated that the APPCC benefits by around `750 crore through the JMR online application,” Vijayanand explained.
Congratulating the officials on winning the innovation award for the AI-based forecasting model, the special chief secretary noted that the Andhra Pradesh State Load Despatch Centre (APSLDC) has proactively developed and implemented an innovative forecasting model using AI to enhance the precision and reliability of power demand forecasts, ensuring a more responsive and adaptive approach to the ever-changing dynamics of electricity consumption.
“I am happy to share that this innovation is the first of its kind among power utilities in the country. This AI model has surpassed the traditional manual forecasting approach previously used at the State Load Dispatch Centre (SLDC),” he added.