Money matters: PCL feels the exam stress
IT IS exam time all over the State and students are under great stress. But, so is the Power Corporation. The ongoing examinations are taking a heavy toll on the financial health of the cash-strapped UP Power Corporation Ltd (UPPCL).india Updated: Mar 06, 2006 00:17 IST
IT IS exam time all over the State and students are under great stress. But, so is the Power Corporation.
The ongoing examinations are taking a heavy toll on the financial health of the cash-strapped UP Power Corporation Ltd (UPPCL).
This is because the UPPCL is spending an additional amount of Rs 3 crore every day on power purchase to supply, as much electricity as possible, so that blackouts do not come in the way of students’ preparation.
The corporation has increased power import. It is purchasing about 250 MW of additional electricity from the National Thermal Power Corporation (NTPC) at a whopping cost of Rs 7 per unit. In fact, this means, nowadays it is purchasing 40 lakh extra units of electricity from the NTPC. At Rs 7 per unit, the corporation is coughing up around Rs 3 crore every day. A senior UPPCL officer said the additional power was costly because the power being sold by the NTPC came from a gas-based plant. It was generated from liquid fire, which he added, was a costly process. He said the corporation expected to get 150 MW of electricity from the Rihand powerhouse at Rs 2.80 per unit, soon.
“We have no option, but to purchase power at exorbitant rates, till we have an alternative,” he said.
A few weeks ago, the corporation had decided to impose additional power cuts in cities and introduce rostering in Lucknow and Noida to supply more power to villages. But, it had to withdraw this decision last week in view of ongoing UP Board and other examinations. This compelled the UPPCL to increase power purchase to the extent of around 3000 MW, as in-house generation was inadequate.
Of the total imported power, 250 MW is coming at Rs 7 per unit, around two and a half times more than the normal price.