13,299 new homes added to the na­tional grid last year

Bhutan Times - - Home - Sonam Pen­jor

With the grow­ing of the econ­omy, the de­mand for the elec­tric­ity con­sump­tion in the coun­try for the do­mes­tic con­sump­tion has been in­creased ac­cord­ing to the an­nual re­port of the Bhutan Power Cor­po­ra­tion Lim­ited 2014.

Ac­cord­ing to the an­nual re­port 2014 main­tained by the cor­po­ra­tion dur­ing the sum­mer sea­son the de­mand for the elec­tric­ity reached up to 333.14 MW as com­pared to 314 MW in the pre­vi­ous year.

The ad­di­tion has been mainly due to ser­vice con­nec­tion of the ru­ral home in the coun­try side brought about by ex­ten­sive ru­ral elec­tri­fi­ca­tion cov­er­age made by the com­pany. The re­port stated that dur­ing the year ad­di­tional of 13,299 cus­tomers were added and to­day the com­pany served more than 1, 59,796 cus­tomers.

To meet the do­mes­tic con­sump­tion of the power, BPC had pur­chased 2064.30 Mil­lion Units ( MU) of energy from Druk Green Power Cor­po­ra­tion Lim­ited ( DGPC) dur­ing the year as com­pared to 1,901.73 MU dur­ing the pre­vi­ous year, ac­cord­ing to the re­port.

The re­port fur­ther stated that of the to­tal pur­chases, roy­alty energy ac­counted for 1059. 2 MU for the year as com­pared to 1,116.03 MU in the pre­vi­ous year. The in­ter­nal gen­er­a­tion from em­bed­ded mini and mi­cro hy­dro owned by the com­pany was 16.699MU dur­ing the year.

The to­tal sale for the year was 1,977.182 MU as com­pared to 1,841. 4657MU in pre­vi­ous year re­flect­ing a growth of about 7.37 per­cent over the pre­vi­ous year, states the re­port.

On the bor­row­ing side, the re­port stated that the com­pany had not taken any ad­di­tional bor­row­ing dur­ing the year to fi­nance its cap­i­tal in­vest­ments. How­ever, the com­pany con­tin­ued to de­pend on soft loans pro­vided for fi­nanc­ing ru­ral elec­tri­fi­ca­tion works.

These soft bor­row­ings are made avail­able to the com­pany by the Asian De­vel­op­ment Bank ( ADB), the Ja­pan In­ter­na­tional Co­op­er­a­tion Agency ( JICA) and the Aus­trian Fed­eral Gov­ern­ment (ADA) on be­half of the Royal Gov­ern­ment of Bhutan, ac­cord­ing to the re­port.

Dur­ing the year, BPC has drawn Nu 135.344 mil­lion from JICA, Nu 161.945 mil­lion from ADB and Nu 22.849 mil­lion from ADA to­tal­ing to Nu 320.138mil­lion. For the pre­vi­ous year, the to­tal bor­row­ings were Nu 537.930 mil­lion, states the re­port.

Re­port fur­ther stated that the gov­ern­ment of Bhutan still con­tin­ues to sup­port BPC in net­work ex­pan­sion pro­grams. For that the com­pany re­ceived cap­i­tal grant of Nu. 171.074 mil­lion dur­ing the year for ru­ral elec­tri­fi­ca­tion at Soe and Naro un­der Ling­shi ge­wog, con­struc­tion of 132kV D/ C trans­mis­sion line from Phuntshothang to Motanga un­der Sam­drup Jongkher Dzongkahg and for de­sign, sup­ply and in­stal­la­tion of 2x300kw wind power gen­er­a­tion pro­ject at Rubessa un­der Wang­due Dzongkhag. The re­port states that the con­struc­tion of wind power gen­er­a­tion will be the first of its kind that will be har­nessed through wind power in the coun­try.

The re­port stated that the com­pany’s over­all rev­enue earned dur­ing the year, the com­pany earned gross rev­enue of Nu 7,275.06 mil­lion dur­ing the year as com­pared to Nu 6,405.57 mil­lion in the pre­vi­ous year. The over­all rev­enue has grown by 13.57 per­cent from the pre­vi­ous year.

The rev­enue from the sale of elec­tric­ity is Nu 4,032.66 mil­lion for the year as com­pared to Nu 3346.62mil­lion in 2013. But the to­tal ex­pen­di­tures also in­creased as com­pared to the pre­vi­ous year. Ac­cord­ing to the re­port the ex­pen­di­ture for the year was reached to Nu 5,681.97 mil­lion as com­pared to Nu 5033.11 mil­lion in the pre­vi­ous year. This was mainly due to in­curred for the pur­chase of power, fi­nance costs and de­pre­ci­a­tion.

Dur­ing the year the com­pany could make net profit af­ter tax of Nu 1,002.97 mil­lion as com­pared to Nu 963.27mil­lion in the pre­vi­ous year.

Ac­cord­ing to the re­port, the com­pany spent Nu 1,668.54 mil­lion as com­pared to the pre­vi­ous year amount­ing to Nu 1,570.21 mil­lion for the cap­i­tal works for net­work ex­pan­sion and for aug­ment­ing and im­prov­ing the age­ing grid net­work.

While, the cor­po­ra­tion has made a sig­nif­i­cant progress to­day as about 97 per­cent of the Bhutanese homes all over the coun­try have ac­cess to grid elec­tric­ity sup­ply as com­pared to 94 per­cent in the pre­vi­ous year, states the re­port.

Mean­while, in the 11th FYP, the cor­po­ra­tion will work to­wards reach­ing grid elec­tric­ity to three more re­mote gewogs of Soe, Naro and Ling­shi. How­ever Lu­nana will be the last ge­wog re­main­ing to be elec­tri­fied in fu­ture, ac­cord­ing to the re­port.

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