Tata Power Delhi Distribution (TPDDL), which has the responsibility of providing power to customers in north Delhi, has managed to stave off some heat from the recent crisis. Talking to Subhash Narayan of The Financial Express, TPDDL CEO and executive director Praveer Sinha said the investments made by the company in the past ensured that their consumers in Delhi suffer the least. Excerpts:
How is the TPDDL prepared to handle the acute power problem in Delhi?
Our preparedness can be seen from the way we restarted the system after a shutdown caused by heavy damage to the transmission network from the recent thunder storm. You need to do a lot of planning to maintain the flow of power. And planning involves building enough redundancies so that supplies can be maintained despite sharp fluctuation in demand. You also need to tie-up long-term and short-term power to meet contingencies.
What kind of disaster management did you plan?
The crisis was averted only because of an effective disaster management system, inter-grid connectivity and coordination between the Northern Region Load Dispatch Centre, transmission, Delhi distribution & generation companies. It could have snowballed into a July 30-31, 2012-like situation, the biggest ever power failure in Indian history.
Soon after the storm, TPDDL’s team took stock of the situation to understand the extent of damage and restore power on a war footing. The work was monitored on a real-time basis to speed up relief and restoration work in coordination with its dedicated and committed ground staff. The top-most priority of TPDDL was to restore power supply to emergency services like the Delhi Metro, hospitals, and Delhi Jal Board pumping stations.
What TPDDL's view on the issue of regulatory assets?
The Delhi Eletricity Regulatory Commission has recognised regulatory asset of Rs 11,000 crore for 2011-12. If we include 2012-13 and 2013-14, the regulatory assets in the capital for the discoms would shoot up to Rs 20,000 crore. I feel that the regulator still need to do a lot of work on the issue and then have to come up with an action plan to liquidate the regulatory asset till FY13 in an expeditious manner. We have given our views to the regulator on the matter.
How has this (RAs) impacted the discoms?
If we take Rs 20,000 crore as regulatory asset for discoms in Delhi, only servicing this level of shortfall at an interest rate