'Costly' power pacts saddle UP discoms with losses

This could be a major problem for debt-ridden discoms as the new govt has promised 24-hour supply

Shreya Jai  |  New Delhi 

Losses of electricity distribution companies (discoms) in Uttar Pradesh — already among the highest loss-making utilities in the country — are mounting, owing to an unusually high cost of power procurement. While the average power price in India (including short-term market) has gone below Rs 3 per unit, UP continues to source it at higher rates, thanks to the long-term power purchase agreements (PPAs) signed for 5,056 Mw at Rs 3.2-5 per unit in 2015. Major power plants from which the state sources electricity are Harduaganj (Rs 5.1/unit), Bajaj Hindustan ...

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'Costly' power pacts saddle UP discoms with losses

This could be a major problem for debt-ridden discoms as the new govt has promised 24-hour supply

This could be a major problem for debt-ridden discoms as the new govt has promised 24-hour supply Losses of electricity distribution companies (discoms) in Uttar Pradesh — already among the highest loss-making utilities in the country — are mounting, owing to an unusually high cost of power procurement. While the average power price in India (including short-term market) has gone below Rs 3 per unit, UP continues to source it at higher rates, thanks to the long-term power purchase agreements (PPAs) signed for 5,056 Mw at Rs 3.2-5 per unit in 2015. Major power plants from which the state sources electricity are Harduaganj (Rs 5.1/unit), Bajaj Hindustan ... image
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