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| Lack of timely preventive steps, SPDCL fails to make profit from HEP projects | | |
Early Times Report
Jammu, Sept 1: Showing extreme lethargy in taking timely preventive measures in maintenance of Hydro Electric Power Projects to mitigate the extent of outages, the State Power Development Corporation Limited (SPDCL) has miserably failed to make profits from its most of the projects.
Moreover, the low utilization of these HEPs as per their capacities for which they were designed has also emerged as one of the major reasons for suffering loss in many of its projects. The non seriousness of the SPDCL can be gauged from the fact that despite strict instructions to carry out viability studies of projects to enhance their profits. Sources informed Early Times that in terms of generation of power against the design energy, over dozen of HEP projects of the company showed shortfall in generation of energy except Baglihar Hydroelectric Project (BHEP-1) and Lower Jhelum HEP.
"The decrease in the Plant Load Factor and continuous increase in the percentage of forced outages was indicative of lack of timely measures and preventive maintenance to mitigate the extent of outages. Due to above reasons of low generation, huge forced outages, low utilization of available capacity and low plant load factor, the power houses were unable to make profit except BHEP-I and CHEP-1, LJHP and USHP-1. Other hydel projects suffered losses of hundreds of crores.
They further said that State Electricity Regulatory Commission (SERC) had directed the SPDCL to conduct viability studies of all existing projects and suggest strategy to improve their profitability. However, no such viability study had been conducted so far nor had the Company undertaken any remedial measures to improve generation and reduce the expenditure to make the projects viable. |
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