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JAN 24 2017

Vedanta's power sales up 8% on commissioning of new units

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 24th JAN 2017

The commissioning of additional units at Talwandi Sabo Power Ltd (TSPL) and Balco power plant helped Vedanta post 8% rise in power sales in April-December period of FY17.

Vedanta sold 9,453 million units (MU) of commercial power by the end of December compared to 8,728 MU in the year-ago period. Power sales were from all Vedanta-owned units of TSPL, Balco, Jharsuguda, Malco and Hindustan Zinc. In the October-December quarter, total power sales of Vedanta was up 16%.

Power sales from TSPL increased with all three units being operational. In Q3 of FY17, the three units operated at an availability of 77%. The Power Purchase Agreement with the Punjab State Power Corporation Limited (PSPCL) compensates us based on the availability of the plant, Vedanta said in a release.

The 600 Mw unit at Jharsuguda dedicated to the Odisha grid, operated at a PLF (plant load factor) of 72% in Q3. The two 300 Mw units of Balco IPP operated at a lower PLF of 55% due to weaker power market.

PLF at the Malco power plant was lower due to lower off-take by the Telangana State Electricity Board (TSEB). However, as per the contract entered into with TSEB, we are entitled to compensation at 20% of the contracted rate for off-take below 85% of the contractual quantity.

Tags

Punjab TOTAL Odisha Telangana Bharat Aluminium Company Ltd Independent Power Producers Grid Power Purchase Agreement Power Plant United States Vedanta State Electricity Board Power power market Electricity PUNJAB

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