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

State Reports (Vol.-III)
Study on `Impact of Restructuring of SEBs’
The entire generation of TTPS and OPGC is dedicated to the State of Orissa. After
sale of 49 per cent shares of OPGC and sale of TTPS to NTPC, more power is
available at a reasonable price to the electricity consumers in the State.
The table below shows the profit levels of all three major constituents of the Orissa
Power Sector:
Accounting Profit/Loss
Utility
1996
-97
1997
-98
1998
-99
1999
-00
2000
-01
2001
-02
2002
-03
2003
-04
(Rs crore)
2004
-05
OPGC 104.6 66.15 112.8 124.39 109.88 132.22 181.70 136.23 143.39
OHPC 69.85 77.79 55.21 50.38 -27.44 -.3.89 -41.92 6.17 64.08
GRIDCO -294.99 -319.11 -578.61 13.73 -85.24 74.50 -598.08 417.77 357.38
TOTAL -120.55 -175.17 -410.6 188.5 -6.53 202.83 -458.3 560.17 564.85
Cash Profit/Loss
Utility
1996
-97
1997
-98
1998
-99
1999
-00
2000
-01
2001
-02
2002
-03
2003
-04
(Rs crore)
2004
-05
OPGC 144.96 147.31 195.68 208.97 194.68 215.91 264.93 194.95 202.28
OHPC 114.26 122.06 99.93 100.19 65.92 92.69 -59.11 118.50 174.93
GRIDCO -162.03 -177.45 -428.7 86.85 -4.91 112.44 -504.25 523.34 462.92
TOTAL 97.18 91.92 -133.09 396.01 255.69 421.04 -298.43 836.79 840.13
RESTRUCTURING OF GRIDCO
Till 31 March 2005, GRIDCO continued to undertake:
(i) Transmission and bulk supply activities in the State;
(ii) Sale of energy outside the State; and
(iii) State Load Despatch functions.
Prior to enactment of the EA, 2003, GRIDCO was undertaking the unified business of
transmission and bulk supply of electricity in the State based on the license granted by
the OERC. GRIDCO was also undertaking the functions of State Load Despatch
Centre (SLDC) and was notified as the STU under the provisions of the EA, 2003.
The EA, 2003 has recognised trading in electricity as a distinct licensed activity that
can only be undertaken by a licensee to be granted by the appropriate Commission.
The Act specifically prohibits the STU/transmission licensees from engaging in
trading of electricity. GRIDCO, being an STU, was not permitted to engage itself in
the trading in electricity, i.e., purchase of electricity for resale and was required to
segregate its activities in a manner that the entity (which will undertake transmission,
5.6