Untitled - Ministry of Power

Power Grid Corporation of India Ltd.
(POWERGRID)
As of March 31, 2004, POWERGRID is
operating a total of 47,757 ckt. kms. of
transmission lines consisting of 563 ckt. kms.
of 800 kV, 4,368 ckt. kms. of HVDC; 33,281
ckt. kms. of 400 kV; 7,356 ckt. kms. of 220
kV; 2,152 ckt. kms. of 132 kV and 37 Ckt.
Kms. of 66 kV level along with 82 Sub-stations
with transforma-tion capacity of 46,461 MVA.
With the use of modern state-of-the-art preventive
maintenance techniques, average availability of
transmission systems during the year 2003-04
was maintained at 99.28%. Based on its network
size and operational efficiency, POWERGRID
ranks among one of largest and best-managed
transmission utilities in the World. POWERGRID
continues to wheel about 40% of total power
generated in the country through its gigantic
transmission network.
The company registered a Turnover of Rs. 2783
Crore and earned a Net profit (After tax) of Rs.
740 Crore thereby recording a Net profit margin
of 26.59%. The company’s Gross asset base at
the end of the financial year 2003-04 stood at
Rs. 20,000 Crore as against Rs 18,943 Crore at
the end of last financial year.
The company undertook a capital investment of
Rs.2,351 Crore during the financial year 2003-04
and the required funds were tied up from internal
resources, bonds/term loan from the domestic
sources, grant from Government of India and ECB/
Supplier’s Credit. During FY 2003-04,
POWERGRID raised Rs. 900 Crore from the
domestic capital market to finance its capital
investment program and the appraisal process
was initiated to tie up foreign loans worth about
US$ 2,000 million from The World bank and
ADB for future expansion program. Costlier loans
of Rs. 1,584 Crore were re-financed with cheaper
loans/ bonds thereby saving Rs. 551 Crore for
residual period of loans, which have been passed
on to the beneficiaries by way of reduction in
payable transmission tariff.
During financial year 2003-04, POWERGRID
commissioned 1,512 circuit km of transmission
lines and established Three (3) new sub-stations
of 400/220 kV EHV AC (2) and 132/66 kV substation
(1) in the year, besides extension of
existing sub-stations and added transformation
capacity of 1725 MVA. Major projects
commissioned include, North-Eastern Region
Chapter - 21.3
ULDC Scheme, third in the series of ULDC
Schemes, commissioned 7 months ahead of
schedule and Rs. 50 Crore less than the
approved cost of Rs. 264 Crore; Chamera-II 400
kV transmission system, Commissioned in a
record time of 10 months and within the approved
cost; Khammam-Nagarjunasagar 400 kV Single
Circuit line, Commissioned 18 months ahead of
schedule, etc.
In addition to above, 10 new projects worth about
Rs. 4,000 Crore, with 4,400 Ckt Kms, have been
taken up for implementation in 2003-04, which
include Tala transmission system, Raipur-
Chadrapur transmission system, Neelmangala-
Mysore transmission line, Sipat-I transmission
system, Vindhaychal-Korba Trans. System,
Teesta-V, System Strengthening-I in NR, System
Strengthening -II in NR, System Strengthening
in –IV in SR, and Strengthening in Vidhyachal-
Singraulli corridor.
Presently, about 51 transmission projects,
costing about Rs 11,250 Crore are under
implementation and most of the projects are either
on schedule or ahead of schedule. Further, 18
transmission projects (14,600 Ckt Kms) costing
about 11,200 Crore are initiated and are under
various stages of investment approval.
The outstanding dues of CPSUs in power sector
were securitised by signing the Tripartite
Agreements (TPAs). Under securitization scheme,
out of a total of 29 states, the Tripartite
Agreement (TPA) has been signed by 27 states
and issued bonds worth Rs. 1803 Crore against
outstanding dues of POWERGRID which includes
conversion of old bonds of Rs. 613 Crore. This
has helped in liquidation of past dues and also
timely payment towards the current dues.
BUSINESS DEVELOPMENT
POWERGRID, an ISO 9001 certified company,
has acquired in-house expertise at par with global
standards in the field of Planning, Engineering,
Load Despatch and Communication,
Telecommunication, Contracting, Financial and
Project Management. During the year 2003-04,
Business Development activity in POWERGRID
has shown a quantum jump in securing
consultancy assignments and revenue realisation
besides venturing into new areas of consultancy.
POWERGRID has secured 31 nos. of new
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