As the Punjab state becomes the seventh state of the country to join UDAY and among the top 17 stocks in focus, Nava Bharat Ventures has entered into an arrangement with Tata Power Trading Company Limited (TPTCL) for supply of power to Telangana State Power Distribution Companies (TSPCC/TSDISCOMS) with effect from May 27, 2016 to May 25, 2017 a lot has been contributed by the Punjab State Electricity Board (PSEB), towards transforming itself into a state have surplus amounts of power supply.
The Punjab State Electricity Board (PSEB), was constituted by the Government of Punjab in the year, 1967 in accordance to the Electricity Supply Act, 1948. PSEB is basically, a vertically integrated utility which is responsible for the power generation, distribution and transmission within the Punjab state.
The state has been a house to various thermal plants which include The Guru Nanak Dev Thermal Plant, situated in Bhatinda, Guru Hargobind Lehra Mohabbat Thermal Plant, situated in Bhatinda and Guru Gobind Singh Super Thermal Power Plant, situated in Ropar. Apart from these power plants, other plants power plants such as Nabha Power Limited, situated in Patiala, Gidderbaha Power Limited, situated in Muktsar, Dee Development Engineers, situated in Ferozpur and GVK Govindawal Sahib – Coal based thermal plant, situated in Tarantaran, Punjab are the proposed thermal power plants of the state.
The Transmission lines organization, which came into existence in July, 1998 has been operating for the construction of 66/132/220KV transmission lines and the up-gradation and augmentation of 33KV lines to 60 KV.
The achievements of the state, in terms of power distribution, transmission, generation and investment are fathomless. However, the milestone achievements as mentioned by the Punjab State Power Corporation Limited (PSPCL) are that all the power stations have been operating at their best ever plant load factor since installation, in order to provide support to SC & BPL consumers, free monthly consumption up to 200 units was allowed for connected load of 1000 watts w.e.f. 12th October 2006 instead of earlier 500 watts and replacing the conventional techniques from new electronic meters, remote control of transformers, remote meter reading and HVDS system for AP or Industries.
The set-up of Anti Power Theft Police stations, has been contributing in large numbers in reducing power theft. Efficient measures by the Punjab State Power Corporation Limited (PSPCL), has helped in reducing losses which has ultimately led to substantial increase in the revenue of the economy. The revolutionary step of the Punjab government, to join the central government’s Ujwal Discom Assurance Yojana (UDAY) is expected to boost the financial turnaround of the power distribution companies of the country.