BHUBANESWAR: The State-owned Odisha Power Generation Corporation (OPGC) has demanded 20 paise hike on power generation cost for 2020-21 over the price approved by Odisha Electricity Regulatory Commission (OERC) for the current fiscal.Projecting its annual revenue requirement (ARR) for ensuing financial year at Rs 712 crore, OPGC which runs two thermal power units with generating capacity of 210 MW each in Jharsuguda district has requested the Commission to approve its proposal while fixing generation cost at Rs 2.67 per unit.
The Commission had fixed the generation cost at Rs 2.47 per unit for 2019-20. In effect, OPGC is asking for a hike of 20 paise per unit. The Grid Corporation of Odisha Limited, the bulk power trading wing of the Government, is the sole buyer of power from OPGC.Though the State Government held the majority stake of 51 per cent in OPGC, the US-based AES Corporation with 49 pc share has the management control of the company. The thermal power generating company has proposed the annual fixed cost of Rs 249.3 crore considering the original project cost at Rs 1,060 crore.
