Power India found that the Torrent Power Limited has been handed over with the Power Distribution System of Kanpur by Uttar Pradesh Government.
Torrent Power had earlier bagged power distribution of Agra also.
UP chief secretary Javed Usmani had a meeting with officials of the Torrent Power and the energy department. During the meeting, the chief secretary asked the energy department to reassess the revenue recovery rates by May 10 before power distribution network of the industrial city is handed over to the company.
In May 2009, UP Government had signed a memorandum of understanding with Torrent under the franchisee system stipulating that the company will be responsible for distribution of power and realization of revenue in Agra.
As per the MOU, Torrent will be responsible for distribution of power and realization of revenue in Agra. The move was taken as the revenue of state electricity companay reduced drastically due to high power pilferage.
In fact, the average recovery (technically called through-rate) had dipped to around Rs 1.90 per unit. But under an agreement, Torrent was supposed to recover revenue for the state government at the rate of Rs 2.02 per unit. Any further realization would have been company's profit.
The state government has also decided to examine if the company could be given an extension for setting up a 1,320 MW power plant in Sandila. The company had entered into an agreement with the state government in 2011 for setting up a thermal power plant through the MoU route. The company was supposed to get the project set up within 18 months. However, that does not appear to be happening even as the energy department reviews the project.
The chief secretary has asked the department to submit its report by May 5. Interestingly, this is quite similar to what JP did in case of 1,980 MW Bara thermal power plant in Allahabad which was allotted to it in 2009 by the Mayawati government. As per the contract, the plant was supposed to start generating electricity by 2013. But the developer in 2011 got the timeline extended till 2015. The same appears to happen with the proposed 1320 Mw power plant in Sandila.
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when this project is been starting ???
ReplyDeleteDear Shubham... according to company website they are ready to start operations at both Agra and Kanpur.... however don't have the accurate data of the same. For more information please check out company website at http://www.torrentpower.com/tc.php.
ReplyDelete