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Capital suggestion: Power facts

44 2
04.08.2024

Fact 1: One power company supplies electricity to the government at a rate of Rs745 per unit, making it one of the highest-priced electricity suppliers globally. The power plant operates with a plant factor of 4.0 per cent, indicating its efficiency in utilizing its installed capacity.

During FY2023-24, the company received Rs6.9 billion -- or Rs20 million per day, every day of the year -- in capacity payments. Additionally, one of its affiliates operates with a plant factor of 18 per cent and supplies electricity at Rs65 per unit. This eye-watering expense highlights the shocking burden placed on consumers who have no other options.

Fact 2: Other companies also deserve a special prize for their astounding achievement. In FY2023-24, two affiliated power plants did not produce a single unit of electricity, yet astonishingly........

© The News International


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