WILL KARNATAKA HAVE AMPLE POWER BY 2000 AD?
Article Abstract:
In an interview with the Economic Times, the managing director of the Karnataka Power Corporation Limited (KPCL), K Jairaj, has stated that his company would bridge the gap between supply and demand of power in the next 5 years. The demand-supply gap is estimated to be 15-20 percent. KPCL distributed 21,500 million units (MU) in 1997-98 (18,600 MU in 1996-97). The consumption of electricity by the agricultural sector has increased from 46 percent in 1995-96 to 51 percent in 1998-99. The consumption of power by the industrial sector has declined from 31 percent to 24 percent. The percentage of paying customers is decreasing. The Karnataka Electricity Board owes KPCL more than Rs700 crore. Karnataka needs 1,000 mw per annum, which needs an investment of Rs5,000 crore. The public sector can stretch its investments to Rs2,000 crore only. The rest of the investment has to come from private operators. The Raichur Thermal Power Station (RTPS) is the largest project in Karnataka set up at a cost of Rs1,545 crore. KPCL and the Bharat Heavy Electricals were involved in the implementation of the project. RTPS' Units 5 and 6 are likely to be completed in 28 and 31 months against 36 and 42 months respectively. This power project will save Rs200 crore. KPCL plans to add Unit 7 of 200 mw at a cost of Rs550 crore. Consequently, the total capacity of RTPS will increase to 1,470 mw. (rk)
Comment:
In an interview with the Economic Times, the managing director of the Karnataka Power Corporation Limited (KPCL), K Jairaj, has stated that his company would bridge the gap between supply and demand of power in the next 5 years.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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HUDCO TO FINANCE KEB'S Rs220-CR BOND ISSUE
Article Abstract:
The Housing and Urban Development Corporation (HUDCO) has agreed to finance the bond issue of the Karnataka Electricity Board (KEB). KEB plans to raise Rs220 crore through the bond issue. The funds will be used to repay debts of the Karnataka Power Corporation. (um)(vr)
Comment:
The Housing and Urban Development Corporation (HUDCO) has agreed to finance the bond issue of the Karnataka Electricity Board (KEB).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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