PSPCL cre­at­ing power bank for peak paddy sea­son

Hindustan Times (Patiala) - - Punjab - HT Correspondent let­ter­[email protected]­dus­tan­

:The Pun­jab State Power Cor­po­ra­tion Lim­ited (PSPCL) has been bank­ing power re­sources so that the state can bet­ter tide over the peak re­quire­ment sea­son of sow­ing of paddy.

“To avoid pur­chas­ing high cost en­ergy dur­ing sum­mer and paddy sea­son, sur­plus power dur­ing win­ter is banked to get it back dur­ing paddy sea­son. These win­ters, 1,500 MW has al­ready been banked. Sim­i­lar ar­range­ments will re­main in place till May 2019 to bank around 6,000 mil­lion units of en­ergy for the states of Mad­hya Pradesh, J&K, Andhra Pradesh, Ch­hat­tis­garh and Hi­machal Pradesh,” PSPCL chairman and manag­ing direc­tor, Baldev Singh Sran said.

He added that the banked power will be re­turned by these states to Pun­jab dur­ing the next paddy and sum­mer sea­son and at least 2,000 MW would be avail­able next year from June to Septem­ber from bank­ing. The CMD added that dur­ing Novem­ber and De­cem­ber, PSPCL pur­chased 358 MUs from ex­change cost­ing ₹111 crore at an av­er­age rate of ₹3.09 per unit re­sult­ing into a sav­ing of ₹19 crore.

“At the same time, 165 MU power worth ₹70 crore was sold at the av­er­age cost of ₹4.25/unit dur­ing morn­ing/evening peak hours. Sell­ing power dur­ing peak pe­riod and pur­chas­ing dur­ing lean de­mand pe­riod in highly sur­plus sce­nario were un­think­able till the re­cent past. Shrewd­ness in manag­ing re­sources and scrap­ping out avail­able mar­gins has helped PSPCL achieve this. This will re­sult into lower tar­iff dur­ing com­ing years by the same amount,” he said.

He added that in Pun­jab, the de­mand pat­tern was pe­cu­liar with June to Septem­ber re­quir­ing around 12,500 MW, with Oc­to­ber to May de­mand fall­ing to around 6,000 MW dur­ing day­time. “The only op­tion to deal with such huge vari­a­tions in de­mand is to en­cour­age power con­sump­tion in the state and find ways and means to sell the sur­plus power to other states dur­ing win­ter,” he said, adding that dur­ing Septem­ber and Oc­to­ber power rates in ex­change re­mained high, at be­tween ₹5 and ₹8 per unit, due to de­mand out­side the state. He added that the PSPCL had saved be­tween ₹2.42 and ₹2.49 per unit by sell­ing 1,430 MUs dur­ing Sept/Oct 2018 at av­er­age rate of ₹5.74 re­sult­ing into a to­tal sav­ing of ₹350 crore.

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