 Early Times Report
SRINAGAR, Nov 20: In a bid to provide cheaper and more reliable power to the consumers of Jammu and Kashmir, Jammu & Kashmir Power Corporation Limited (JKPCL) held a strategic meeting with PTC India to explore ways to optimize its power procurement costs. The meeting focused on utilizing the available hydel potential of the state and implementing technical interventions to streamline power procurement processes.
The session was chaired by Chaudhary Md. Yasin, Managing Director, JKPCL, and was attended by Mr. Harish Saran, Executive Director of PTC India, Mr. Neeraj Sharma, Chief Engineer of JKPCL, and other key officials from both organizations.
During the meeting, PTC India shared its extensive experience working with similar utilities, providing valuable insights into optimizing scheduling and procurement of power from various market channels. These include short-term bilateral agreements, power exchanges, and medium- and long-term procurement solutions.
JKPCL currently procures power to the tune of 3150 MW from all sources to meet the demands of the Union Territory of Jammu and Kashmir. The state witnessed a peak load of 3133 MW during the winter of 2023-24 and is projecting a peak load of 2924 MW for the summer of 2024-25, with an average load requirement of 2450 MW.
Commenting on the collaboration, Chaudhary Md. Yasin emphasized JKPCL's commitment to optimizing power procurement costs and ensuring reliable power supply to the state's consumers. He said, "JKPCL remains committed to optimizing power procurement costs for the benefit of J&K's consumers. We will continue exploring avenues for cost optimization and improving the reliability of power supply through sustainable infrastructure development."
This collaboration between JKPCL and PTC India marks a significant step towards reducing energy costs and enhancing the power infrastructure for Jammu and Kashmir's residents. |
