Business Standard
Tuesday, Nov 24, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | 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 | Smart Portfolios II
  Search:

ACYF blames officials for power crisis
BS Reporter / Kolkata/ Bhubaneswar November 4, 2009, 0:59 IST

The current power crisis in Orissa, which was a power surplus state till a few months back, is the fallout of the lapses of the officials of the state energy department, according to the Anti Corruption Youth Forum (ACYF).

 
 
Related Stories
News Now
-Gridco's outstanding at Rs 3,111cr
-OERC stays the OPTCL order to limit industrial drawal
-Delay in power line likely to affect IOCL Paradeep refinery
-OERC stays OPTCL order to limit drawal by industrial users
-JSL steps up power supply to state grid
-'The number of enquiries we have got for our bikes is phenomenal''

Power crisis apart, the forum has pointed out that the state government is set to lose around Rs 1,000 crore over the next five years due to the lackadaisical attitude in restoring the 400 KV Ib-Meramundali double circuit line of the Orissa Power Transmission Corporation Limited (OPTCL).

The forum demanded an investigation into the matter by an appropriate body and called for criminal proceedings against the errant officials.

The 400 KV Ib-Meramundali double circuit line was meant to transmit to Gridco the power generated by Sterlite Industries Limited (SIL) at its 2400 MW (4x600) power plant at Burkhamunda near Jharsuguda.

Pradeep Pandey, convenor, ACYF said, “According to the power purchase agreement signed between SIL and Gridco on August 20 this year, the independent power producer had agreed to make available the entire power generated from the first unit (600 MW) of its power plant to Orissa.”

As per this agreement, Orissa would have been able to draw 540 MW of power from SIL's power plant after deduction of the auxiliary consumption of the power producer from December this year had the Ib-Meramundali double circuit line been restored, he added.

In the absence of the 400 KV Ib-Meramundali double circuit line of OPTCL, SIL was compelled to approach Power Grid Corporation of India Limited (PGCIL) for allowing it to evacuate power through PGCIL's 400 KV Bisra-Raipur double circuit line.

Pandey pointed out that in the event of non restoration of the Ib-Meramundali double circuit line, Orissa was now bound to get its share of power from SIL through PGCIL's network by paying wheeling charges to the Central PSU.

If one takes into account the entire monetary loss to be incurred by OPTCL due to non-commissioning of the Ib-Meramundali double circuit line, the figure comes to Rs 1034.4 crore for a period of five years, he added. Pandey alleged that the Ib-Meramundali transmission line was in a bad shape due to rampant theft of tower materials and accessories to the tune of Rs 40 crore in the past five years.

Arrow Other Stories     
- Sensex ends up 130pts
- FII-TO-FII: Union Bank traded at 3% premium
- Bihar govt issues legal notice to RIL
- No word from Tata on Singur land compensation: govt
- Insurance sector to see 10% growth in 5-6 year: IRDA
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
Share this Story  
 
 
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Infosys BPO chief quits; to join HDFC Standard Life
- Search for Tejas engine nears its end
- Sebi showcause back to haunt RIL
- Mittal plans 6 mt plant in Karnataka
- Tea with BS: Amitabh Bachchan
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should educational institutions be allowed to approach the capital market?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  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
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback