India Power Corporation Share price

Two Power Supply Companies Dishergarh Power Supply CompanyLtd. (DPSCL) and Associated Power Company Ltd. (APC) wereestablished in 1919 and 1918 respectively to cater to thepower requirements of the mechanised coal mines in theAsansol-Ranigunj-Barakar coal belt. In 1932 and 1934 theGovernment of West Bengal granted Licenses to DPSCL and APCrespectively for power supply in their licensed area. Thelicence was initially valid for 50 years. In 1977 APC wasamalgamated with DPSCL. The licence was renewed for 10years in 1982 and has now been extended upto December 2012.DPSCL used to meet the consumer demand for power from itstwo Generating Stations at Dishergarh and Seebpore. Withthe formation of Damodar Valley Corporation (DVC) in 1948the responsibility for power generation went to DVC andDPSCL became one of DVC''s first consumers of power drawingbulk supply of power at their three receiving Stations atDishergarh Seebpore and Luchipur. DPSCL''s emphasis wasshifted more to the efficient distribution of power than tothe augmentation of its own generation. Unfortunatelyfrom 1962 the available generating capacity of DVC fellshort of the rising consumer demand and the gap betweendemand and supply kept on increasing thereafter. In 1965DPSCL was allowed to increase its generating capacity by5MW at Dishergarh. Another Receiving Station wasestablished at Bankola to import 5 MW power from WestBengal State Electricity Board. In 1991 DPSCL took overthe Chinakuri Power Station of Eastern Coalfields Ltd.(ECL) on a lease for 20 years. The lease is for operationand maintenance of the station.PRESENT BUSINESS OF THE COMPANYDPSCL presently generates and distributes power to variousconsumers in its licensed area of over 600 sq.km. in theAsansol-Ranigunj coal belt. The Company is also engaged inproviding project management and consultancy services inelectricity generation and distribution. DPSCL has threegenerating stations at Dishergarh Seebpore and Chinakuri.While the first two are owned by DPSCL Chinakuri is leasedfrom ECL. In addition to its own generation DPSCL alsopurchases power from DVC which it distributes to itsconsumers. Out of the total electricity distributed by theCompany about 35% is from its own generation and thebalance is purchased from DVC. Both the generated and thepurchased power is distributed through DPSCL''s 11 kV powergrid.