Power Grid Corporation of India Ltd has informed BSE about the following:
"POWERGRID - An Overview
1. Owns and operates a power Transmission Network of (As on January 01, 2008):
- 64,700 Ckt. Kms,,
- 110 Sub - Stations
- 66,650 MVA Transformation Capacity
2. Established National Grid with an inter regional power transfer capacity of about 17,000 MW
- Four major power regions of the country namely, North Eastern, Eastern, Western and Northern are now operating under synchronous mode (same frequency)
- Southern Region Grid connected to this synchronous grid through HVDC link
3. Carries about 45% of Country's power
4. Network availability above 99%
5. Telecommunication Network: overhead Optic Fibre Network of 20,000 Kms. providing telecom connectivity to major cities and towns
6. Consultancy assignments in India and Abroad
7. Profit making since inception
8. Technology Adoption:
- Upgrading & Uprating of existing transmission corridors for enhancing the power transfer capability and extension of life of transmission system
- Hybrid system comprising of HVDC & EHVAC Transmission System upto 800 kV with multi Ckts for optimization of Right of Way (RoW) requirement
- Extra High Towers with multi circuits to avoid deforestation and protection of wild life
- Compact Towers to reduce Right Of Way
- Use of fixed & variable Series Compensator (FACTS) for enhancing the power transfer capability of existing transmission lines
9. Technologies for Future:
POWERGRID has taken leadership position in development of new technologies in transmission sector for long term power transfer requirement from large generating station to distantly located load centers In this direction, POWERGRID is developing;
- +800kv, 6000 MW, HVDC Bipole
- 1200 kV AC Transmission System
* Preliminary Line design studies undertaken & Tower Configuration evolved
- High Surge Impedance Loading (HSIL) Line
- Large Scale Automation of Sub-stations
- Use of Helicopter in construction & maintenance
- High Temperature Conductors for increased loading (INVAR, GAP, ACCC, ACCR)
Besides above, complexity of Grid is increasing continuously due to:
- Growing number of interconnections within and across the regions;
- Need for Digital power;
- Need for economic dispatch of power.
To take care of complexities and to ensure safe, secure and reliable operation of Grid, POWERGRID is developing
- An Intelligent / Smart Grid with placement of Phasor Measurement Unit, Wide Area Monitoring, Self Healing, and adaptive islanding features etc.
PERFORMANCE DURING FY 2007-08
MAJOR ACHIEVEMENTS
- Continuously rated “Excellent” for its performance against Memorandum of Understanding (MoU) targets with Ministry of Power since signing its first MoU in the year 1993-94,
- Received prestigious “MoU Excellence Award” for being amongst Top Ten PSEs for FY:
• 2005-06, 2004-05, 2003-04, 2000-01, 1999-2000 and 1998-99
• For FY 2006-07, the only Utility under Ministry of Power chosen for the award
- POWERGRID received “National Awards to Power Utilities for meritorious performance” in construction and operation of Ministry of Power during 2004-05 & 2005-06 (4 Gold shields and a silver shield).
HIGHLLGHTS
1. Project Implementation
• Network added during 2007-08 (upto Dec., 2007); About 4,800 Ckt Kms., 8 new sub-stations and about 7,200 MVA of transformation capacity.
• During 4th quarter projects involving about 4,000 Ckt Kms. of transmission lines with transformation capacity of 7,000 MVA are likely to be commissioned Value of these projects works out to about Rs 3000 Crore.
• Major projects commissioned during 2007-08 up to Dec.’07 include:
a. Kahalgaon - II (Phase-I) Transmission System (Rs 2830 Crore)
* 400 kV D/C Kahaigaon - Patna - 514 Ckm, 400 kV D/C Patna - Balia - 390 Ckm, 400 kV D/C Biharshariff - Balia - 484 Ckm, 400 kV D/C Maithon - Ranchi - 400 Ckm, 400 kV D/C Balia -
Lucknow - 632 Ckm, 400 kV D/C Balia - Mau - 18 Ckm, 400 kV D/C Lucknow - Bareilly - 511 Ckm, 765 kV D/C Agra - Gwalior (to be charged at 400 kV) - 128 Ckm
b. Vindhyachal —III Transmission System (Rs 690 Crore)
• 400 kV D/C Vindhyachal - Satna - 516 ckm, 400 kV D/C Satna - Bina - 545 Ckm, LILO of 400 kV Rourkela - Raipur at Raigarh - 37 ckm
c. 400 kV D/C Bina - Nagda Transmission Line - 662Ckm ((Rs 388 Crore)
d. System Strengthening -Ill of Southern Region (Rs 285 Crore)
• 400kV D/C Gooty - Raichur - 294 ckm, 400kV D/C Neelmangla-Somanahally - 84ckm
e. 400 kV S/C Vindhyachal-Korba Transmission Line - 291 Ckm (Rs 213 Crore)
f. Unchahar —III Transmission System (Rs 74 Crore)
• 220 kV S/C Unchahar - Raibareilly - 43 ckm, LILO of 220kV D/C Unchahar-Lucknow at Raibareilly - 12 ckm
2. National Grid development (inter-regional capacity)
i. Enhanced to 13,700 MW from 9,500 MW at the end of FY 2006-07
ii. Presently, it is more than 17,000 MW
iii. Implementation of a number of projects undertaken to enhance inter regional power transfer capacity to more than 37,000 MW by 2012
3. Sustained Grid Performance
i. No major grid disturbance consecutively for last 5 years
ii. System availability for 2006-07: 99.20%
4. Financial Performance
Five Year Plan (Rs in Crore)
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Plan Capital Turunover Net Profit
Expenditure
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- VII Plan 5,157 4,134 1,214
- IX Plan 8,531 10,468 2,814
- X Plan 18,870 15,709 4,343
- XI Plan (Projections) 55,000 35,000 11,000
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(Rs in Crore)
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2006-07 2005-06 % increase
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- Turnover (Rs Crore) 4,082 3,554 15%
- Net Profit (Rs Crore) 1,229 1,009 22%
- Profit Margin 30.1% 28.4% 6%
- Asset base of the Company 29,015 24,888 16.5%
- Capital Investment 6,383 4,134 48.4%
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FY 2007-08
- POWERGRlD IPO was listed on BSE and NSE on October 05, 2007
a. Out of Rs 1990 Crores IPO proceeds, Rs 432 crores already utilized till Dec.,2007 for the identified projects and expects Rs 655 Crores(appx.) to be utilized during last Quarter of 2007-08.
b. Two projects identified for IPO purpose Viz Bina-Nagda and Sipat-I(Part) of Value Rs 849 crores have already been commissioned
- Utilised 70% (about Rs 4500 Crore) of Capital Expenditure Budget of FY 2007-08 (Rs 6,500 crore) till December, 2007
- Projects worth about Rs 5,265 Crore commissioned during 9 months ending December 2007 as compared to Rs 2,614 Crore for 9 months ending December 2006.
- During 3rd quarter ending December 2007, projects worth Rs 1,904 Crore commissioned against Rs 835 Crore during 3rd quarter ending December 2006.
- During 4th quarter additional projects worth Rs 3,000 Crore likely to be commissioned.
FY 2008-09
> Target for Capital Expenditure Budget for FY 2008-09 is expected to be about Rs 8,500 Crore. However depending upon the progress of generation projects, it may be more.
5. Multilateral Funding
- Negotiation with The World Bank for loan assistance of US $ 600 million is expected to be completed by February, 2008.
- Negotiation with ADB for loan assistance of US $ 600 million likely to commence in February, 2008.
6. Telecommunication
- Cumulative Aggregate Growth Rate (CAGR) of the telecom business in terms of revenue growth is approximately 94%.
- During FY 2007-08, Telecom Revenue increased to about Rs 90 Crore for 9 months ending December, 2007 from Rs 51 Crore for 9 months ending December, 2006.
- Orders of about Rs 300 Crore have been booked till 3rd quarter of current fiscal.
- POWERGRID is also looking forward to getting into Entertainment Business, Tower Business, Data Centre Business, Gigabit Knowledge network etc.
- Discussion under progress for a Joint Venture (JV) with one of the state and a private player to launch entertainment services.
- Discussion also under progress for entering in to an Agreement with consortium of Cable Operators to provide Television services / internet services and other related entertainment services in Metropolis.
- Upon successful venturing into these new business areas, POWERGRID’s Telecom revenue is expected to rise to Rs 500 Crores per annum in next two to three years.
7. Joint Ventures
Extending helping hand to Independent Power Producers (IPPs) in building associated transmission systems after the success of TALA project (Joint Venture with M/s. TATA Power)
- JVs established: M/s. Torrent POWERORID Ltd and M/s. Jaypee POWERGRID Ltd with equity participation of 26%.
- Another JV signed with M/s. Reliance Energy Ltd for implementation of Transmission System associated with Koldam & Parbati-Il at an estimated cost of Rs 660 Crore.
- Likely to sign Joint Venture(JV) with IL&FS and few more IPPs.
8. Business Development
- POWERGRID, an ISO 9001 certified Company, has acquired in house expertise at par with global standards in the field of Planning, Engineering, Load Despatch and Communication, Telecommunication, Contracting, Financial and Project Management. POWERGRID is executing various consultancy assignments in these areas as a part of its Business Development Activity.
- During the year 2007 POWERGRID has secured 15 nos. of new consultancy assignments (Project cost of about Rs 2000 crores including consultancy fee)
9. Contribution to Distribution Sector Reforms
- AcC (Advisor-cum-Consultant), for developing 178 schemes spread over 18 States costing about Rs 7,500 Crore
- Executing APDRP (Accelerated Power Development and Reform Programme) schemes of about Rs 1,315 Crore on deposit work basis
- Implementing RE (Rural Electrification) works involving 88,290 villages of 68 districts at an estimated cost of Rs 9,400 Crore
- Infrastructure created for electrification of 14,600 Nos. villages during the year 2006-07. Cumulatively, 20,000 villages so far under RE programme.
10. UMPP transmission projects assigned to POWERGRID
- Mundra & Sasan schemes finalized. Investment approval under process.
- Krishnapattam & Tilaiya schemes under finalization.
11. DVC Transmission system with investment of Rs 13,500 crore assigned to POWERGRID." |