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PGCIL's Performance during 2007-08
New Delhi, April 17, 2008
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POWERGRID, the
Central Transmission Utility (CTU) of the country, is engaged
in Construction and Operation & Maintenance of inter-State
transmission system and operation of National & Regional Power
Grids. Over a period of 16 years, POWERGRID has emerged as one
of the largest and best managed transmission utilities in the
world and is playing a strategic role in Indian Power Sector.
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CMD, POWERGRID Dr. R. P. Singh
addressing the mediapersons along with J. Sridharan,
Director(Fin.), S. Majumdar, Director(Proj.),
S. Nandkeolyar, CVO
and I.C. Jaiswal, ED(CP)
at New Delhi
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During FY
2007-08, Company has once again excelled in all areas of its
operation, with achievements exceeding the targets set under
Memorandum of Understanding (MoU) signed with Ministry of
Power (MoP). It is a matter of pride that POWERGRID has been
chosen for the prestigious “MoU Excellence Award” for
year 2006-07 by the Department of Public Enterprises, Ministry
of Heavy Industries & Public Enterprises for being amongst the
top ten Public Sector Enterprises and only organisation in
power sector. It is worth mentioning here that POWERGRID have
received this prestigious award in the past also for 6 years.
Three projects of
POWERGRID have bagged the prestigious “National Awards for
Meritorious Performance” instituted by the Government of
India for the year 2006-07. POWERGRID’s 132 kV Transmission
System in North-Eastern region received the Gold award while
Silver awards were conferred on the 220 kV and 400 kV
Transmission System in Western Region and the 400 kV D/C
Kahalgaon-Patna-Balia Transmission Line. Sushilkumar Shinde,
Union
Minister of Power
gave away the awards to CMD, POWERGRID on March 20, 2008.
Highlights of POWERGRID during 2007-08 in various functional
areas are briefly outlined below:
POWERGRID
continued to implement its projects with economy and within
stipulated time frame to derive maximum economic benefits.
It’s advanced and cost effective Integrated Project Management
and Control System (IPMCS) for total project review and
monitoring, has been contributing significantly. During FY
2007-08, POWERGRID commissioned transmission projects worth
about Rs. 6,000 Crore, thereby adding transmission network of
7,350 Circuit Kms, 9 EHV AC sub-stations and transformation
capacity of more than 13,700 MVA. Major projects
commisoned during the year include, Kahalgaon –II (Phase-I)
Transmission System (Rs. 2830 Crore), Vindhyachal –III
Transmission System (Rs. 690 Crore), 400 kV D/C Bina – Nagda
Transmission Line (Rs. 388 Crore), System Strengthening –III
of Southern Region (Rs. 285 Crore). These additions to
POWERGRID’s network have helped in improving power supply
situation in various regional grids, facilitating enhanced
inter-regional power transfer capacity and reliability of the
system.
At
the end of FY 2007-08,
POWERGRID is
operating around 67,000 ckt. kms. of transmission lines along
with 111 Sub-stations with transformation capacity of more
than 73,000 MVA. With the use of state-of-the-art preventive
maintenance techniques, average availability of transmission
systems during the year 2007-08 was maintained at 99.65%.
POWERGRID continues to wheel about 45% of total power
generated in the country through its transmission network.
The
state-of-the-art Unified Load Despatch & Communication (ULDC)
schemes implemented by POWERGRID are operational in all five
regions and are greatly contributing to bring quality and
economy in operation of power system besides improving data
availability, visibility and transparency. As a result of adoption
of state-of-the-art operational practices, proactive
preventive maintenance, ABT, modernization of RLDCs coupled
with training & deployment of expert manpower and round the
clock vigil for grid management, no major grid disturbances in
the country is encountered for last 5½ years. Further,
tripping of lines and minor grid disturbances in regional
grids have come down so significantly that can be reckoned as
a benchmark achievement. For overall co-ordination, National
Load Despacth Centre (NLDC) at Delhi with back up at Kolkatta
is under implementation and is expected to be completed by May
2008.
In line with the plan to
establish an Integrated National Grid in a phased manner,
various inter-regional transmission schemes have been
commissioned/ undertaken for implementation during the year.
Inter-regional power transfer capacity of National Grid has
been enhanced to about 17,000 MW from 14,100 MW in FY 2006-07.
Four major power regions of the country namely, North-Eastern,
Eastern, Western and Northern are now operating as one
synchronous grid (same frequency). Southern Region Gridis
connected to this synchronous grid through HVDC links.
With the modernisation of
RLDCs and implementation of various inter-regional links by
POWERGRID, inter-regional power exchange has grown manifold.
During FY 2007-08, about 43,000 MUs of inter-regional energy
transfer was facilitated, an increase of about 13% compared to
previous year (about 38,000 MU). Growth of inter-regional
power exchange has helped in meeting more demand in energy
deficit regions besides achieving overall economy.
Under open access,
more than 9,560
transactions were approved during the year involving 30,000
MUs of energy compared to 5787 transactions and 23,000 MUs
of energy during 2006-07, increase of 30%. Energy worth
about Rs. 10,100 Crore transacted through UI mechanism
compared to Rs. 6,814 Crore during last year, an increase
of 48%.
During XI Plan, Company
envisages an investment of about Rs. 55,000 Crore for further
developing National Grid including inter-regional transmission
systems, system strengthening schemes, transmission system for
evacuation of power from generation projects under central
sector and Ultra Mega Power Projects (UMPPs). Inter regional
power transfer capacity of the National Grid is envisaged to
be enhanced to more than 37,000 MW by year 2012.
Company has
recorded an impressive financial performance during FY
2007-08, achieving a turnover of Rs. 4,700 Crore
(Provisional) and Net Profit of Rs. 1,420 Crore
(Provisional) as compared to Rs. 4,082 Crore and Rs. 1,229
Crore respectively during FY 2006-07. With the addition of
huge transmission network, gross asset base of the Company has
been enhanced to more than Rs. 35,000 Crore in 2007-08
from Rs. 29,015 Crore in 2006-07. To remain a
financially progressive organisation in emerging market
conditions, POWERGRID is taking all possible steps to improve
its financial strength by taking up other kind of synergetic
business such as consultancy assignments at National and
International level in transmission, distribution, telecom
etc.
The
company undertook capital investment of Rs.
6,615
Crore
during the financial year 2007-08 as against an outlay of Rs.
6,504 Crore and the required funds were tied up from internal
resources, loans from multilateral funding agencies like The
World Bank and ADB, bonds from the domestic sources, etc.
During FY
2007-08, POWERGRID entered the capital market with an IPO of
573.9 million equity shares of Rs. 10 each. The issue closed
with overwhelming response from both domestic and global
investors that surpassed the most optimistic expectations.
Overall, the issue was subscribed 64.50
times; the
institutional investors segment – about 116 times and the
high-net worth individuals - 40 times. The global enthusiasm
for the issue ($30 billion in bids) has particularly been
historic.
This tremendous response shows the growth potential of the
Corporation and the faith of people/investors in the Indian
Power Sector in general and the Corporation in particular.
POWERGRID is today
perceived as a Company with high growth potential instead of a
utility with fixed income.
Based on its
in-house expertise in various facets of transmission and
telecom sectors, POWERGRID has been offering consultancy
services in India and abroad. During the year 2007-08,
POWERGRID has secured 34 nos. of new consultancy assignments
with project cost (including POWERGRID consultancy fee) of
about Rs. 1,840 Crore. Company has realised consultancy fee of
about Rs. 235 Crore from its ongoing consultancy projects
during the year.
From its
telecommunication business, POWERGRID received revenue of Rs.
125 Crore during FY 2007-08, a growth of 62% over last year (Rs.
77 Crore). Today, POWERGRID is serving major telecom players
in mobile & NLDO segment and is also planning to tap customers
in entertainment and broadcasting industry.
POWERGRID has
taken leadership position in development of new technologies
in transmission sector for long term power transfer
requirement from large generating station to distantly located
load centers. POWERGRID is fully geared up to develop
Transmission Systems with highest transmission voltage of 1200
kV in AC and + 800kV in DC. As a part of this,
POWERGRID is establishing a 1200kV Ultra High Voltage AC Test
Station at Bina (WR) as a collaborative effort with
manufacturers for indigenous development of 1200KV equipment
in India. POWERGRID is also ready with its action plan
to
implement +800kV, 6000 MW HVDC Bi-pole line from North
Eastern region to Northern Region (Agra). This shall be the
first of its kind (+800kV HVDC line) in the world
having the largest power carrying capacity and transferring
power over more than 2000 Kms.
Keeping in view
complexities of grid operation in a dynamically changing
electricity market, continuous upgradation of the load
dispatch centres through technologies like Intelligent Grid
comprising Wide Area Monitoring, Adoptive Islanding, Voltage
Security Assessment, Dynamic Security Assessment is also being
explored.
Other
transmission technologies envisaged for future include:
High
Surge Impedance Loading (HSIL) line, Large scale automation of
Sub-stations, Use of Helicopter in construction & maintenance,
High Temperature Conductors for increased loading (INVAR, GAP,
ACCC, ACCR), etc.
POWERGRID has
taken lead role and making contributions in Govt. of India’s
nation building schemes of Accelerated Power Development
and Reforms Programme (APDRP) and Rajiv Gandhi
Grameen Vidyutikaran Yojana (RGGVY) towards
bringing qualitative improvement in the distribution sector.
Under APDRP,
POWERGRID is acting as Advisor-cum-Consultant (AcC) to lend
its managerial and technical expertise for improvement of
distribution system in 177 distribution circles/ towns/
schemes spread over 18 States costing about Rs. 6,626 Crore.
81% of these schemes have been commissioned and the remaining
sanctioned schemes are expected to be completed by March,
2009. POWERGRID is also implementing some of these schemes on
deposit work basis under bilateral arrangement in States of
Bihar, Goa, Meghalaya, Uttar Pradesh, Tripura and Gujarat at a
cost of about Rs. 1,100 Crore, 90% of which has been
completed.
Under Rajeev
Gandhi Grameen Vidyutikaran Yojana (RGGVY), POWERGRID has been
assigned the job for execution of rural electrification in 68
districts covering 87,300 Villages at an estimated cost of
about Rs. 9,400 Crore.
Cumulatively,
POWERGRID has electrified 22,082 villages
including
3 lac BPL commections.
During FY
2007-08, more than 5,000 no. of villages were electrified by
POWERGRID.
POWERGRID has
been discharging its role diligently through continuous
innovations in technical & managerial fields and by
undertaking coordinated development of power transmission
network along with effective and transparent operation of
regional grids with desired stability, reliability and
availability despite a continuing gap in supply & demand. It
has evolved to a mentor position and is poised for sustainable
growth with due regard to its social responsibilities and
tenets of Corporate Governance.
E-Mail :
newseditor@sarkaritel.com
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