DVC: POWERING INDIA EMPOWERING THE VALLEY
One of India’s leading power generators, Damodar Valley Corporation (DVC) has turned black in Q4 of 201718, for the first time after 15 quarters. The total annual thermal generation in 201718, was 35692 Million Units which is a y-o-y growth of 7.14 per cent. This record generation has also exceeded the Central Electricity Authority (CEA) target by 3.52 per cent.
Damodar Valley Corporation (DVC) came into being on July 7, 1948, as the first multipurpose river valley project of Independent India. DVC operates seven thermal power and three hydel power stations in the states of West Bengal and Jharkhand, with an installed capacity of 7237.2 MW. Apart from power generation, DVC has an integrated transmission and distribution system. The other responsibilities include flood control, irrigation, soil conservation and socioeconomic development of its operational area spread across 24,235 sq. km.
With the highest ever generation in 2017-18, the annual Plant Load Factor (PLF) of 56.04 per cent is the highest in four years. New milestones have been achieved in short-term and exchange sale which stood at 2580 MU, is a threefold growth over 2016-17. On April 24, 2018, DVC touched a highest ever instantaneous generation of 5763 MW and achieved the highest single day generation of 136.44 MU.
ADOPTING BEST PRACTICES
The operational efficiency has significantly increased over the last few years. The availability and reliability of the power stations have also increased. This was possible due to the adoption of the best industry practices and longterm measures. This was evident in the month of April 2018, when the Bokaro and Koderma plants of DVC ranked among the top 10 central sector generating stations in the country with a Plant Load Factor (PLF) of 98.08 per cent and 97.57 per cent respectively.
A Mobile App named ‘DVC Conserve’ has been launched for the consumers which can be used to view and pay power bills. Consumers can also view restriction periods and register a complaint through this App. DVC has also launched a web-based Flood Warning System which would help in tracking the release of water from different dams of DVC.
In 2017-18, DVC recorded the highest ever turnover of Rs 15,729 crore and the highest ever power sale of Rs 14,955 crore. The debt burden was also reduced by Rs 2000 crore. These were a result of both short-term and long-term measures to improve the financial health of the Corporation.
FOCUS ON GOOD GOVERNANCE
Transparency and accountability in operations are key pillars in effective governance. This can only be achieved when all stakeholders adhere to the rules and regulations while exhibiting the highest moral standards. At DVC, all employees are encouraged to uphold the highest standards of integrity and moral values, not only in their professional duties but also in their social interactions.
This fiscal, DVC is focussing on a target so the operations become sustainable. To make it a historic turnaround, Team DVC is all set to achieve this goal. The roadmap includes more efficiency in operations, all round cost cutting, more exchange sale, reducing the surplus power and improving efficiency in employee engagement. In addition to such objectives, DVC’S unwavering commitment towards socioeconomic development will continue to remain an important priority.