Report of Indian Institute of Public Administration ... - Ministry of Power

State Reports (Vol.-III)
Study on `Impact of Restructuring of SEBs’
PERFORMANCE OF TRANSMISSION COMPANY (KPTCL)
The following Table summarises the performance level of KPTCL:
Table: Performance of KPTCL
Particulars 2002-03 2003-04 2004-05
Energy available (MU) 29,279 31,217 33,110
Energy delivered (MU) 27,266 29,676 31,711
Transmission loss (MU) 1,988 1,527 1,383
Transmission loss (%) 6.55 4.89 4.18
PBT (Rs crore) 536.73 597.8 1,171.8
PAT (Rs crore) 494.5 523.9 1,088.2
Sundry Debtors, (Rs crore)/(% of 7,095.5 16,831.6 16,025.7
debt to sale)
(12.5) (26.10) (24.20)
(Source: KPTCL)
It may be observed that the company has been turning out appreciable performance
over the years by reducing the transmission loss, which is reportedly one of the lowest
in the country. Even though the profit levels have been on the increase, the sundry
debtors’ position would cause serious concern. However, since the practice of power
trading was discontinued from 2005-06, it is hoped that there would be improvement
in the Company’s accounts in regard to this aspect for the subsequent year onwards.
KPTCL has also embarked on an ambitious capex programme of Rs.1,700 crore in the
current year, for which approval has been issued by the KERC.
PERFORMANCE OF THE GENERATING COMPANY (KPCL)
Since KPCL has been in existence for about 35 years, its performance has to be seen
in the overall context of the reform process, and not as a part of the review of the
success of restructuring exercise. As mentioned earlier, KPCL has a 55.5 per cent (60
per cent along with VVNL) share of the total installed capacity in the State, with
predominant hydel mix. The Vision Statement of KPCL estimates that the load
demand will continue to outstrip generation, and the shortage is expected to grow to
2,492 MW by 2010. KPCL’s ambitious vision is to become a 25,000 MW company
by 2025.
3.38