CIN No.: U40109PB2010SGC033813

PSPCL Created A New Milestone Sold Power worth Rs. 426 Crs.during September 2018 without imposing any Power cuts

PSPCL Created A New Milestone Sold Power worth Rs. 426 Crs.during September 2018 without imposing any Power cuts

PUNJAB STATE POWER CORPORATION LIMITED
PUBLIC RELATIONS OFFICE
PRESS NOTE Patiala ,  September 30, 2018

Under the dynamic leadership of Capt Amarinder Singh, Hon’ble CM, Punjab and able guidance of S. Gurpreet Singh Kangar Hon’ble Minister for Power, New & Renewable Sources of Energy, it is for the first time in the annals of history of PSPCL that it has sold power worth Rs. 426 Crs. in a single month during September 2018 to other states without imposing any power cut in the state thus setting a new milestone. It is a matter of pride for the State of Punjab that for Sept. 2018 Punjab has become no. 1 at all India level in selling power at Indian Energy Exchange (IEX) i.e. 744 Million Units (MUs) worth Rs 426 Cr @ Rs 5.73 per unit. Total power traded on IEX during Sept’ 18 was  5725.4 MUs at average round the clock rate of Rs. 4.69 per unit and average Peak hour rate of Rs. 6.52 per unit, so Punjab was able to get much higher average selling rate as it was able to sell more power during peak hours  that helped fetch overall average rate of Rs. 5.73 per unit.

During  2017-18, from  April to Sept. 221 MUs power worth Rs. 87 Crore @ Rs 3.93 per unit was sold whereas this year upto Sept. 18, 1073  MUs  power worth Rs. 569 Cr @ Rs 5.31 per unit has already been sold through exchange surpassing previous (2017-18) year’s total power sale of Rs 446 Cr @ Rs. 3.66 per unit during the whole year. Further PSPCL supplied 28773 MUs energy during this year  upto Aug 2018 within the state which is 506 MUs more than 28267 MUs supplied during same period in 2017. PSPCL supplied more power within state and also sold more power outside state in spite of 880 MW reduction in Installed Capacity due to closure of Bathinda Thermal Plant and 2 Units of Ropar thermal PLANT and reduction in Generation from own hydel  and BBMB plants to the extent of 400 MW because of less inflows of water which had resulted in lower hydel generation of 1124 MUs from April 2018 to August 2018 in comparison to corresponding period in 2017. Earlier on during peak paddy and summer season PSPCL successfully  catered to maximum demand of 12638 MW on 10th July, 2018 with zero short term power purchase against previous  historical maximum demand of 11705 MW met on 11th  July, 2017.

Indian Energy Exchange (IEX) day-ahead power market achieved all time high record volume of 306 MU (12,750 MW average round the clock basis) for delivery on Saturday, 29th September, 2018 marking the first triple century since inception of the Exchange in the year 2008 out of which 92 MUs, (3830 MW) worth Rs. 59 cr @ Rs. 6.38 Cr. were sold by PSPCL alone. Today on 30th Sept, out of total traded volume of 271 MUs on IEX, PSPCL is selling 104 MUs (4330 MW) power, highest so far during a single day.

Gurpreet singh Kangar Hon’ble Power Minister applauded the role of PSPCL management team headed by CMD Er. Baldev Singh Sran for  optimum utilization of Power resources, thus achieving new heights in its endeavour to serve the power consumers of Punjab. He also patted PSPCL for fulfilling the promise made by Capt Amarinder Singh Govt. regarding 8 hrs uninterrupted power supply to  agricultural   during paddy season and further stated that such good measures would lead to fulfilling the promises of lowering power tariff in future in the state.

Er Baldev Singh Sran CMD PSPCL expressed gratitude towards PSTCL team headed by Sh A Venu Prasad, IAS,(Principal Secretary Power Punjab Government)  fellow PSPCL Directors, all the officers, staff & workers for their cooperation and contributions and stated that immediately after paddy season, all out efforts would be synergized to ensure improvement in billing, delivery of better consumer services and timely release of AP and other connections apart from ensuring uninterrupted & reliable  power supply to the people of Punjab.

Month wise power sold by PSPCL up to September in 2017 & 2018 :

MONTH  2017  2018
Energy Sold

(MUs)

Amount

(Rs. Cr.)

Avg Rate

(Rs./KWh)

Energy Sold

(MUs)

Amount

(Rs. Cr.)

Avg Rate

(Rs./KWh)

April 21.8 5.37 2.47 146.6 56.00 3.82
May 0 0 0 138.5 64.58 4.67
June 4.1 1.43 3.51 0.8 0.44 5.50
July 1.6 0.50 3.33 4.4 2.07 4.68
August 25.2 9.03 3.59 38.2 19.77 5.18
September 168.3 70.44 4.19 744.5 426.38 5.73
Total 221 86.77 3.93 1073 569.24 5.31

Monthwise Energy supplied within Punjab upto Aug. in 2017 & 2018  :

Month 2017-18 2018-19 Difference
DEMAND MET DEMAND MET DEMAND MET
 in MUs  in MUs  in MUs
1 2 2 – 1
April 3580 3572 -8
May 5045 4982 -63
June 5484 5783 299
July 7294 7068 -226
August 6864 7368 504
Total 28267 28773 506

Hydro Generation including BBMB upto Aug. in 2017 & 2018:

Month 2017-18 2018-19 Difference
 in MUs  in MUs  in MUs
1 2 2 -1
April 408 245 -163
May 822 608 -214
June 890 711 -179
July 1034 853 -181
August 1146 758 -388
Total 4300 3176 -1124
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