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Saturday, September 12, 1998

Mumbai firm to sell cheap, unused Goa power

EXPRESS NEWS SERVICE  
PANAJI, Sept 11: A Mumbai-based private sector power company is set to reap windfall profits re-selling electricity left unused by Goa due to inadequate infrastructure. Goa's electricity department has shortlisted Fusion Energy Technology Ltd (FETL) from Mumbai for sale of 170 MW of power which is currently unutilised.

Goa which has been alloted 400 MW of power from the national power grid is currently able to draw only 230 MW due to inadequate transmission and distributed equipment. So far the unused power was passed on to Karnataka and Maharashtra without any benefits accruing to Goa.

FETL is expected to buy Goa's unused share of power from the National Thermal Power Corporation. However, the company will pay 10 paise per unit to the government of Goa as wheeling charges. The state is expected to garner a revenue of Rs 8 crore per year which would be utilised to upgrade the power infrastructure in the state.

Incidentally the power offered by the National Thermal Power Corporation is priced at onerupee per unit. Even as this cheap source of power is given the go-by due to infrastructure shortcomings, the state government is forced to buy power produced by the private sector Reliance-Salgaocar Company priced at Rs 3.50 per unit.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


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