Business Standard
Monday, May 28, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Gridco plans to buy 500 MW from CPPs
BS Reporter / Kolkata/ Bhubaneswar Mar 06, 2009, 00:38 IST

To ensure uninterrupted supply of power to the consumers and tide over any possible shortage of power in the state over the next four months, Grid Corporation of Orissa Limited (Gridco) plans to purchase about 400-500 MW of surplus power from the captive power plants (CPPs).

Last month, the Orissa Electricity Regulatory Commission (OERC) had directed Gridco, the bulk supplier of power in the state, to refrain from load shedding except for technical reasons. The Commission had asked Gridco to meet the increasing load requirement of the power distribution companies in the state by sourcing power from the CPPs at a negotiated price.

 
Gridco was aiming to buy 400-500 MW of power from the CPPs to meet any possible deficit in power and it had sought OERC’s permission for the same, said a senior official of OERC.

“OERC has completed the process of hearing on Gridco’s application pertaining to the purchase of power from the CPPs and a decision on fixation of price is expected to be taken by the commission within a few days”, he added.

AC Mallik, director (commercial) said, Gridco is aiming to buy power from the CPPs but as such we haven’t fixed decided on the quantum of power that we are going to purchase.

On February 25, Gridco had entered into a MoU (memorandum of understanding) with Power Trading Corporation (PTC) for supply of 150 MW of power per day from February 26 to March 31. Power would be sourced from New Delhi Power Limited through the power banking system while PTC would act as the executing agency.

Under the power banking system, the Orissa government will give back the power supplied by NDPL in September-October 2009 when hydro power generation in the state is expected to pick up.

The current peak power requirement of power in the state is 2,800-3,000 MW while the non-peak demand stands at around 2,500 MW.

Meanwhile, the Orissa Power Transmission Corporation Limited (OPTCL), the state’s transmission utility is in the process of conducting annual maintenance of feeder lines and checking of the various sub-stations. This process of annual maintenance is expected to be completed by the end of March this year.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets maintain momentum
- Bangladeshi group to invest Rs 6.80 cr in Tripura
- National Fertilisers soars on doubling Q4 net
- Gold demand tepid as prices climb
- Jolt for Congress in Maha legislative council polls
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- NRIs likely to be allowed to invest through new route
- RIL wants import-parity price for its gas
- Renu Kohli: Rupee: depreciated tactics
- Gold imports fall 32% on strict govt measures
- Mobile handset companies bet on Indian app makers
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us