The Punjab State Power Corporation Limited (PSPCL) has achieved significant reduction in losses through a series of strategic initiatives, taken during 2017-18, under the directives of Chief Minister Captain Amarinder Singh.The Capt Amarinder government has successfully brought down PSPCL’s financial losses from Rs. 2836 crores in 2016-17 to about Rs. 1250 crores on normative basis in 2017-18, on account of reduction in Transmission & Distribution (T&D) losses, as well as a series of other measures undertaken to streamline the systems and boost efficiencies.
Disclosing this here today, an official spokesperson said T&D losses had come down from 15.25% in the year 2016-17 to 14.50% in the year 2017-18.At the same time, PSPCL has succeeded in reducing its Fixed cost/ Capacity charges paid against power surrendered to National Thermal Power Corporation (NTPC) and private thermal plants (Independent Power Producer (IPP)). From Rs 1249 crore in 2016-17, the figure has come down to Rs. 820 crore in 2017-18, across 31 units. This, said the spokesperson, had been achieved through Banking and bilateral arrangements with the states of H.P., J & K, Orissa and M.P.
PSPCL has also considerably increase sale of surplus power in the open market through power exchange (Indian Energy Exchange), selling 1218.68 MU of energy at Rs. 445.50 crores during the year gone by, as against 361.18 MU at Rs. 107.54 crores in the previous year.Further, there has been an increase of 16%, over the same period, in PSPCL’s total own Generation (Gross) from Hydel Power Stations. The number of units generated has gone up from 3913 million units in 2016-17 to 4549 MU in 2017-18.PSPCL has also signed several new Power Purchase Agreements (PPAs) at lower tariff during 2017-18. These include 200 MW at Rs. 3.17/unit with DVC, 200 MW at Rs. 3.49/unit with J.P. Karcham (PTC), along with two PPAs for Wind Power with Solar Energy Corporation of India Ltd – one for 150 MW at Rs. 2.72 per unit and another for 200 MW at Rs. 2.52/unit.The spokesperson further disclosed that about 3.5 lakh new power connections were released to domestic, commercial, industrial consumers during the year. The total sale of power to various consumers in the state rose from 44199 MU in 2016-17 to 47330 MU in 2017-18.