Uttar Pradesh Power Corporation Limited




Uttar Pradesh Power Corporation Limited is the company responsible for electricity transmission and distribution within the Indian state of Uttar Pradesh. The incumbent chairman is Shri Arvind Kumar.

Restructuring

For efficient operation & management Uttar Pradesh Power Corporation Limited is further restructured into;
Uttar Pradesh Power Corporation Limited procures power from state government owned power generators, central government owned power generators and Independent Power Producers - IPP through power purchase agreement for lowest per unit cost of electricity.

Financial Condition & Line losses

The total loss of the UP Power Corporation Limited for the year ended on 31.03.2017 is estimated to be 8825 crores. Thus UPPCL is finding it hard to make payment to state, central and other private power companies against electricity procurement.
The causes of such a poor financial conditions of UPPCL include:
Discom wise Aggregate Technical & Commercial Loss / Total line losses for a period of 2010-11;
In line of Power Finance Corporation, UPPCL created SPVs ;
The Role of SPVs are preparing feasibility report, all clearances & Land Acquisition etc. These SPVs are transferred to developer private company through bidding for lowest per unit cast of selling electricity to UPPCL.
UPPCL SPVs;