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

Orissa
(This amount should have been invested in the power sector.)
(viii) OPGC, being exclusively in charge of thermal generation, has been consistently
maintaining high PLF above 80 per cent (a performance level comparable to that
of NTPC). It had paid dividends amounting to Rs 467.76 crore from 1999-2000
till 2004-05 to the State Government after privatisation.
(ix) OHPC, being exclusively in charge of hydro power stations, could give
undivided attention and bring back the two units at Burla to operation after
renovation.
(They are not allowed to charge extra for picking power by the OERC.)
(x) OHPC and OPGC, which are exclusively looking after hydro and thermal
generation of power respectively, are now profit-making Corporations of the
State.
(GRIDCO has cleared its dues to OPGC.)
(xi) TTPS, after being taken over by NTPC in 1995, is now operating at a PLF of
75.1 per cent, whereas, prior to restructuring, it never operated beyond 30 per
cent PLF.
(xii) Outsourcing of meter reading and disconnection of services of defaulters were
possible due to privatisation.
(This is more true in case of CESCO than the other three DISCOMs.)
(xiii) Orissa is one of the few States where 24 hours power supply has been
maintained.
Stabilisation of GRIDCO
The transmission business, which is under GRIDCO, a State PSU, has turned around:
(xiv) GRIDCO has earned a profit of Rs 411 crore in 2003-04 and Rs 182 crore during
2004-05.
(xv) GRIDCO has traded power worth Rs 638 crore and Rs 1130 crore during 2003-
04 and 2004-05 respectively.
(xvi) GRIDCO has paid the current dues to the generating companies and financial
institutions in full from October 2003 till date. It has saved interest to the tune of
Rs 80 crore per annum through swapping of high cost borrowings.
(xvii) GRIDCO has prepaid to Government of Orissa during 2004-05 towards IBRD
Loan (Principal).
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