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Electricity transmission and distribution company in Uttar Pradesh From Wikipedia, the free encyclopedia
Uttar Pradesh Power Corporation Limited (UPPCL) is a state government company, responsible for electricity transmission and distribution within the Indian state of Uttar Pradesh.[1] The incumbent chairman is Dr. Ashish Kumar Goel.[2]
Native name | उत्तर प्रदेश पावर कारपोरेशन लिमिटेड |
---|---|
Company type | Uttar Pradesh State Government Undertaking |
Industry | Electric Power |
Predecessor | UPSEB |
Founded | 30 November 1999 |
Headquarters | Lucknow, India |
Area served | Uttar Pradesh |
Key people | Shri Arvind Kumar Sharma, Ashish Kumar Goel (Chairman), Pankaj Kumar (Managing Director) |
Services | Electricity Transmission & Distribution |
Owner | Government of Uttar Pradesh |
Subsidiaries | DVVNL MVVNL PVVNL PuVVNL KESCO |
Website | uppcl |
U.P. Power Corporation Limited was incorporated on 30 November 1999[3] and commenced its business w.e.f. 15 January 2000.[4] It was formed as part of restructuring of then Uttar Pradesh State Electricity Board (UPSEB).
For efficient operation & management, UPPCL is divided six divisions:[5]
UPPCL procures power from state government-owned power generators (Uttar Pradesh Rajya Vidyut Utpadan Nigam & Uttar Pradesh Jal Vidyut Nigam Limited), central government-owned power generators (NTPC Limited & THDC Ltd) and independent power producers - IPP (mostly private power companies) through power purchase agreement for lowest per unit cost of electricity.
The total loss of the UPPCL for the year ended on 31 March 2017 is estimated to be ₹ 8,825 crores.
The causes of such poor financial conditions include:
Discom-wise Aggregate Technical & Commercial (AT&C) Loss / Total line losses (in %) for the period 2010-11:
In line of Power Finance Corporation, UPPCL created Special Purpose Vehicles (SPVs):
The role of SPVs are -
These SPVs are transferred to a developer private company through bidding for the lowest per unit cast of selling electricity to UPPCL.
UPPCL SPVs:
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