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Tuesday, 19 April 2011

BSL suffers production and financial loss

BOKARO: Bokaro Steel Limited (BSL) is suffering significant production and financial loss with the Bokaro Power Supply Company Pvt Limited (BPSCL), failing to supply adequate electricity after its boiler-VIII went out of order 10 days ago.

BPSCL is a joint venture of BSL and Damodar Valley Corporation (DVC). BPSCL is a 200 MW capacity power plant. It supplies its entire power production to BSL for running its steel plant and lighting the township area.
Since the breakdown of boiler from April 3, BPSCL has suffered a production loss of more than 9600 MWH, forcing BSL to compensate electricity by purchasing it from DVC at high rates. An inquiry committee has been constituted by BPSCL to assess the cause of breakdown and revenue loss, said BSL sources.

BSL chief of communication Sanjay Tiwary said the BSL requires 300 to 330 MW electricity for running its steel plant and township. Their power requirement is fulfilled by BPSCL and DVC. While BPSCL supplies about 170 MW electricity, the DVC delivers rest of the 160 MW power to it.

However, there is restriction in drawing power from DVC. To buy extra power, exceeding the limit which DVC supplies normally, BSL has to pay more. With BPSCL not able to supply adequate power, BSL is compensating the need by buying it from DVC, he said.

"We are suffering production loss with load-shedding in Slabbing and Cold Rolling Mills of the plant occurring at intervals. That's because of inadequate supply of electricity from BPSCL. The loss has not yet been assessed," said Tiwari.

Times Of India

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