UGVCL receives GOLD Shield for the year 2010-11

23-March-2012

UGVCL REAPS GOLD AT NATIONAL AWARDS

UGVCL is awarded Gold Shield by Ministry of Power, Govt. of India

On 22^nd March 2012, UTTAR GUJARAT VIJ COMPANY LIMITED was awarded Gold Shield by Ministry of Power, Government of India, for meritorious performance among distribution companies in power sector for the year 2010-11. The award is under the category “Performance of Distribution Companies”. The award was originally instituted in the year 1983 by Ministry of Power for Thermal Power Stations only, which was gradually modified, to include best performance among hydro and nuclear energy, transmission and distribution utilities etc.  Earlier, on 21^st March, 2007 UGVCL received Bronze Shield for its excellent performance during the year 2005-06.

During a gala event organized at Vigyan Bhavan, New Delhi, on 22^nd March, 2012 Hon’ble Union Minister of Power Shri Sushilkumar Shinde presented the National Award to UGVCL’s Chairman Shri V.N. Maira, IAS and Managing Director Shri N. Srivastava, IFS,  in the gracious presence of Shri P. Uma Shankar, Secretary to Government of India, Ministry of Power, Shri K. C. Venugopal, Hon’ble Union Minister of State for Power and Shri Arvinder Singh Bakshi, Chairperson of Central Electricity Authority.

Three best performing distribution companies in the country are selected by Central Electricity Authority from various nominations received from electricity distribution companies across the country for Gold, Silver and Bronze Shields respectively.

The criteria for assessing the performance by Central Electricity Authority includes :

1)    AT&C Losses                                                                               : 50%

2)    Financial turn around                                                             : 20%

3)    Metering of transformer centers and consumers       : 10%

4)    Reliability of power                                                                 : 15%

5)    Open Access & GIS                                                                    : 05%

UGVCL has consistently improved its performance. The AT&C losses have reduced over the years as shown in the statement below:

During the year 2010-11, the Company’s AT&C losses were 6.63% against 16.96% in 2009-10. The low AT&C loss was due to regularization of load of 4,38,963 HP in agriculture, increasing the sold out units for flat rate consumers by 746.24 MUs. Energy Efficient Agriculture Pumps (EEP) were installed in 12,929 Ag. Customers during FY 2009-10, due to which 1,03,071 HP was saved, resulting into a saving of 175.22 MUs. Also exceptionally good rains in 2010-11 resulted into overstating energy consumption in agriculture.

For 2010-11, the Company’s financial health improved and it booked a net profit of Rs. 12.67 Crores. At the end of March 2011, 81.75% DTCs were metered, whereas 100% consumers were metered, excluding Ag. Flat Rate consumers as exempted by Gujarat Electricity Regulatory Commission.

• Article in Power Line Magazine

• Article in Gujarat Magazine

• Newspaper clippings