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........