Home »

Uttar pradesh power corporation limited

The meaning of «uttar pradesh power corporation limited»

Uttar Pradesh Power Corporation Limited (UPPCL) is the company responsible for electricity transmission and distribution within the Indian state of Uttar Pradesh.[1][2] The incumbent chairman is Shri M. Devraj.[3]

For efficient operation & management, UPPCL is further restructured into:

UPPCL procures power from state government owned power generators (Uttar Pradesh Rajya Vidyut Utpadan Nigam & Uttar Pradesh Jal Vidyut Nigam Limited), central government owned power generators (NTPC Limited & THDC Ltd) and independent power producers - IPP (mostly private power companies) through power purchase agreement for lowest per unit cost of electricity.

The total loss of the UPPCL for the year ended on 31 March 2017 is estimated to be ₹ 8,825 crores.[4] Thus, UPPCL is finding it hard to make payment to state, central and other private power companies against electricity procurement.[citation needed]

The causes of such a poor financial conditions include:

Discom-wise Aggregate Technical & Commercial (AT&C) Loss / Total line losses (in %) for period 2010-11:

In line of Power Finance Corporation, UPPCL created Special Purpose Vehicles (SPVs):

These SPVs are transferred to developer private company through bidding for lowest per unit cast of selling electricity to UPPCL.

© 2015-2021, Wikiwordbook.info
Copying information without reference to the source is prohibited!
contact us mobile version