- States overdraw power, fail to make payments (Live mint.com 10th Dec 2007)
Repeated overdrawing of power, and then not paying for it has run up Rs1,100 crore in dues, by just two states, Uttar Pradesh (UP) and Jammu and Kashmir (J&K).
What is more worrisome is that the tendency of states to draw extra power exposes the country’s electricity grid to a potential collapse.
“In spite of being the worst offenders, they are yet to submit their dues. There are other states as well that make late payments but these two have the worst track record,” said a senior Northern Regional Load Dispatch Centre (NRLDC) official who did not wish to be identified.
Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.
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