Uttar Pradesh Power Corporation Limited (UPPCL) is the 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 | 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 |
For efficient operation & management, UPPCL is further restructured into:
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:
- 4× 1680 MW - 4× 660 MW