PERFORMANCE BUDGET 1998-99 - Ministry of Power

Japan & Export-Import Bank of Japan etc. have also financed POWERGRID projects
and have shown keen interest in financing its new projects.
Till March 31, 1997 POWERGRID has successfully raised Rs.1250 crore (including
Rs.214 crore tax free bonds) by issuing Power Bonds. During 1998-99 Powergrid will
be expected to raise Bonds worth of Rs 500 crore.
11.5.4 MOU PERFORMANCE
Based on the results of performance for the year 1996-97, POWERGRID is again poised
to achieve “Excellent Performance” rating as per its MOU with Ministry of Power,
consecutively for the 4th year in a row.
11.5.5 OPERATIONAL PERFORMANCE
As on March 31, 1997, POWERGRID operates a total of 27,853 CKMs. transmission
lines consisting of 19,973 CKMs of 400 KV, 5,125 CKMs of 220 KV, 1,125 CKMs of
132 KV and 1,630 CKMs of HVDC system distributed over 54 sub-stations with 23,331
MVA of transformation capacity. The operational performance of POWERGRID
transmission system has been impressive in all the five power regions. Overall average
availability of transmission lines during the year was 99.48% which is comparable
with best international standards.
11.5.6 CONSTRUCTION PERFORMANCE
Since incorporation, till the end of 1997-98 POWERGRID has added more than 17,000
ckt kms. of transmission net work. during 1997-98 POWERGRID has commissioned
3,150 ckm of transmission lines and 630 MVA of Transformer capacity.
Presently, about 12,700 ckt. kms. of transmission lines with voltage levels varying
from 132 KV to 800 KV and 39 substations including bays, are under construction
which are expected to be completed progressively in the coming years to match with
the commissioning of generation projects.
11.5.7 FINANCIAL PERFORMANCE
During the year 1996-97 Powergrid Corporation has earned a net profit of Rs. 305.75
crores against a total Turn Over of Rs.1058 crores and during 1997-98 profit of the
corporation (provisional) Rs.360.51 crores against turn over of Rs.1390.62 crores.
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