Uttar Pradesh Power Corporation Limited

Uttar Pradesh Power Corporation Limited (UPPCL) is the company responsible for electricity transmission and distribution within the Indian state of Uttar Pradesh. The incumbent chairman is Shri M. Devraj.
Restructuring.
For efficient operation & management Uttar Pradesh Power Corporation Limited (UPPCL) is further restructured into;
Power Procurement.
Uttar Pradesh Power Corporation Limited (UPPCL) procures power from state government owned power generators (Uttar Pradesh Rajya Vidyut Utpadan Nigam & Uttar Pradesh Jal Vidyut Nigam Limited), central government owned power generators (NTPC Limited & THDC Ltd) and Independent Power Producers - IPP (mostly private power companies) through power purchase agreement for lowest per unit cost of electricity.
Financial Condition & Line losses.
The total loss of the UP Power Corporation Limited (UPPCL) for the year ended on 31.03.2017 is estimated to be 8825 crores. Thus UPPCL is finding it hard to make payment to state, central and other private power companies against electricity procurement.
The causes of such a poor financial conditions of UPPCL include:
Discom wise Aggregate Technical & Commercial (AT & C) Loss / Total line losses (in %) for a period of 2010-11;
Power Plants SPVs.
In line of Power Finance Corporation, UPPCL created SPVs (Shell Companies);
The Role of SPVs (Shell Companies) are preparing feasibility report (including Technology, Size, Coal linkages, Land & Water issues), all clearances (including environment clearances) & Land Acquisition etc. These SPVs (Shell Companies) are transferred to developer private company through bidding for lowest per unit cast of selling electricity to UPPCL.
UPPCL SPVs;