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Saturday, July 2, 2011

Haryana Power Utilities to buy power by banking arrangements

CHANDIGARH: For the first time, Haryana Power Utilities have tied up to buy power through banking and return banking arrangements of over 1,000 megawatt.

"The Utilities are all set to create a new record of not buying electricity through tender route during the ongoing paddy season," a spokesman for the Uttar Haryana Bijli Vitran Nigam ( UHBVN ) said here today.

He said it was for the first time about 1000 to 1100 MW power has been tied-up through banking and return banking arrangements.

On an average, the State is receiving back about 500 MW power from other states which was given to them in the months of November, December, January and February.

In addition, 500 to 600 MW power is being procured through banking arrangements which will be returned by Haryana in October onwards, when the power demand in the State declines.

He said traditionally the state was procuring electricity through tender route/short term basis at a cost of Rs 6 to 7 per unit.

It has also been estimated to supply 22586.19 lakh extra units of power to the consumers from June to September this year, he said.

This year the electricity has been tied up in advance. The judicious banking arrangements would help save about Rs 565 crore, he claimed.

He further stated that the impact of banking arrangements during the ongoing paddy season would be that the consumers would not be burdened by fuel surcharge adjustments in future.

The spokesman also said that the Utilities have observed a reduction in overall per unit power purchase cost of Rs 3.06 per unit during the year 2010-11 as compared to Rs 3.25 in 2009-10.

The Utilities supplied 34543 million units of power to consumers in 2010-11 compared to 33558.58 million units in 2009-10, he added.


Source: EconomicTimes

1 comments:

payday loans said...

that was excellent new that Haryana Power Utilities have tied and now going for better services thanks for the information that was good stuff.

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