My views on Modi

[Vyom]

what is LAB

Land Acquisition Bill

 

[nair]

I have been in the power industry for over a decade and to tell the truth, the sector was stressed to it's balls. State boards didn't have the money to pay the Power generation companies. The major Challenge was infusing liquidity into the sector which was dried of revenue. Electricity is just not a generation, its the single biggest techno economic machine of the country. and other than Gujarat and Chattishgarh were in severe cash deficit.

The problem :
Coal India was not producing enough coal to feed the plants, States were drawing more than their Quota of electricity, driving high UI (unscheduled interchange) resulting in lowering of grid frequency resulting in High revenue loses for generation companies as well as State grids also the state boards were not paying their bills to make matters worse, lowering of frequency also causes inefficiency of system loads resulting in high capacitive and Inductive loses which drove transmission losses higher.

You can infer from the above it was systematic plague. Because of the loss of revenue, generation companies were facing losses, LAB has killed the prospect of new mega scale project coming up. So what you have is
1. low Fuel
2. high energy demand
3. no revenue.
4. mounting pressure of lenders to pay up.
5. Point 4 affected the banking system, increasing NPAs
6. this stalled New investments in the sector
7. Result was other industries linked to power started getting affected. Domino Effect.

The act of destressing an entire sector as huge as the electrical grid (power sector) will take time simply because the entire supply chain (Fuel to electricity) needs to be overhauled that includes the capital supply (debt restructuring, re negotiation of Power purchase agreements). In 2013-14 power sector was on its death bed. To study the dilemma and come up with a remedy is not an easy task, and to pull the sector out of its misery is not an overnight task , quite fankly till 2015 January, i was thinking to migrate to US or EU, hell even Vietnam would have been better.

Now, there are two facets that you look up to a government's work 1. Policy Initiatives. 2 General Perception. For people it might be that my district didn't get electricity hence Modi Government is bad, while from my perspective, the entire power system of the country was staring at bankruptcy and the power economy would have gone Kaput. I am thank full to Piyush Goyal for what he has done, he is god send. He might not have created jobs but he saved me and thousands like me from going jobless and begging on the streets, and saved this country's power sector other wise we would have been largely like Siddharamiya's Bangalore or Like Pakistan's Power scene. Look at the initiative he took to ensure fuel supply to plants to enable the power DisComs to make payments, streamlining of projects, ensuring rule of law in power trading. The sector was on life support previously, now its still sick but its out of ICU, and it will live to see another day.

Hope this explanation is enough. The perception management is something this government is failing, and it will still fail cuz the propaganda is running high from the Delhi Club. This government has still 3 years to go to complete its promises. I'll give this govt its full term to do its work then pass judgements, Piyush is doing an excellent job and I, for one, will be grateful to him.

You have not mentioned the transmission loss....... That is also believed to be a serious issue for us.....

 

[Stephen Cohen]

As I said, I disagree with none of these things but the great right hope Mr. Modi came promised to make it all better and I waited and waited.

I spent the summer of '14, '15 thinking now would be time I can switch on my AC but alas it was not to be. As soon as I switch on my AC, the voltage drops and then fuse blows up - reason the power consumption is more than what the creaky old transformer can handle. Even my trusty old orient pankha has to take long breaks every other hour as the juice runs out.

Now if Modi had not promised I would have no beef with him but since he did, he has become the object of my ire.

Very sorry to read about your problems ; electricity is the most basic need
in summer

Did your area vote for some other party
In summer electricity supply becomes politicised and preference is given to
"our voters "

I guess you should complain to your Member of Parliament or MLA
or better still complain to the PMO on his Twitter account

Better still Get a CHILD to complain to the PM

It will get media coverage and response

 

[Spectre]

@Spectre

The Central leadership of BJP are making a serious mistake if they are
not keeping TABS on the state government's performance



what is LAB

Land acquisition bill and I fully endorse @Vyom but Piyush is skimming the top, he putting a band-aid on the gangrene. In my considered opinion there is no way to save the power sector except for phased privatization with banks taking a massive write off on the SEB liabilities. In other words, rip of the band-aid and amputate the leg to save the body.

This will ofcourse not happen because 10s of thousands will loose their jobs, millions will have their electricity access restricted due to much higher per unit costs and entire villages in poor states de-electrified.

@nair Power transmission losses are a symptom not the disease

 

[Stephen Cohen]

Land acquisition bill and I fully endorse @Vyom but Piyush is skimming the top, he putting a band-aid on the gangrene. In my considered opinion there is no way to save the power sector except for phased privatization with banks taking a massive write off on the SEB liabilities. In other words, rip of the band-aid and amputate the leg to save the body.

This will ofcourse not happen because 10s of thousands will loose their jobs, millions will have their electricity access restricted due to much higher per unit costs and entire villages in poor states de-electrified.

@nair Power transmission losses are a symptom not the disease

Power sector accumulated losses will have to be written off

That is being done gradually

 

[Spectre]

Very sorry to read about your problems ; electricity is the most basic need
in summer

Did your area vote for some other party
In summer electricity supply becomes politicised and preference is given to
"our voters "

I guess you should complain to your Member of Parliament or MLA
or better still complain to the PMO on his Twitter account

Better still Get a CHILD to complain to the PM

It will get media coverage and response

BJP won in my district with a huge margin mainly because the electricity issue.

Our MP and MLA are busy running factories.

 

[Vyom]

As I said, I disagree with none of these things but the great right hope Mr. Modi came promised to make it all better and I waited and waited.

I spent the summer of '14, '15 thinking now would be time I can switch on my AC but alas it was not to be. As soon as I switch on my AC, the voltage drops and then fuse blows up - reason the power consumption is more than what the creaky old transformer can handle. Even my trusty old orient pankha has to take long breaks every other hour as the juice runs out.

Now if Modi had not promised I would have no beef with him but since he did, he has become the object of my ire.

JSEB is the supplier if I am not wrong. They don't get paid hence they don't pay. if only the Jharkhandis stopped "hooking" as a standard operating procedure. half of Kanke Road to Pithoria and Nagri ran on hooking. I don't have high hope for the place.

You have not mentioned the transmission loss....... That is also believed to be a serious issue for us.....

the point where i mentioned the increasing of Inductive and capacitive losses are the transmission losses. others such a corona discharged are minimal and yes the everlasting hooking from power line.. theft is quite common.

 

[nair]

the point where i mentioned the increasing of Inductive and capacitive losses are the transmission losses. others such a corona discharged are minimal and yes the everlasting hooking from power line.. theft is quite common.

I remember seeing that in some north indian state...... Directly taking power from supply line using some hooks...... Crazy though

 

[Vyom]

Land acquisition bill and I fully endorse @Vyom but Piyush is skimming the top, he putting a band-aid on the gangrene. In my considered opinion there is no way to save the power sector except for phased privatization with banks taking a massive write off on the SEB liabilities. In other words, rip of the band-aid and amputate the leg to save the body.

This will ofcourse not happen because 10s of thousands will loose their jobs, millions will have their electricity access restricted due to much higher per unit costs and entire villages in poor states de-electrified.

@nair Power transmission losses are a symptom not the disease

Piyush is not skimming the top he is doing a surgery, that's why it will take time. we haven't awarded and fresh new projects only stalled projects are coming online. and the Rut is deep in the society that thinks that it is entitled to stuff without paying for it. free food, free electricity. ultimately socialism will crumble the economy. you eventually run out of other peoples money.

 

[Stephen Cohen]

BJP won in my district with a huge margin mainly because the electricity issue.

Our MP and MLA are busy running factories.

Then the BJP is doomed in Jharkhand ; if just two years after their victory
there is so much dissatisfaction
-------------------------------------------------------------------------------------------------------------------------------
BTW here is some Jharkhand electricity sector related News

http://www.livemint.com/Industry/u7...khand-gets-on-board-UDAY-eyes-huge-gains.html


http://www.avenuemail.in/ranchi/villages-jharkhand-electrified-2017-end-cm/92018/

 

[Vyom]

Power sector accumulated losses will have to be written off

That is being done gradually

read my last post. wringing off is not good fro economy. people who didn't use a service end up paying for it. Its a loss and misuse of the taxpayers money.

 

[Spectre]

Piyush is not skimming the top he is doing a surgery, that's why it will take time. we haven't awarded and fresh new projects only stalled projects are coming online. and the Rut is deep in the society that thinks that it is entitled to stuff without paying for it. free food, free electricity. ultimately socialism will crumble the economy. you eventually run out of other peoples money.

Let's not blame the consumers alone, though I agree portion of blame needs to be directed there. We all know how state electricity board functions and if you know about JSEB then a more greedier bunch of sarkari naukars have never been assembled anywhere. Even the Junion Engineer in JSEB has the money counting machine at his home and Executive Engineer onwards have crores of crores of property in every nook and corner. The usual MO is ghapla when supplying free power to Steel and Rolling Mills.

 

[Vyom]

Land acquisition bill and I fully endorse @Vyom but Piyush is skimming the top, he putting a band-aid on the gangrene. In my considered opinion there is no way to save the power sector except for phased privatization with banks taking a massive write off on the SEB liabilities. In other words, rip of the band-aid and amputate the leg to save the body.

This will ofcourse not happen because 10s of thousands will loose their jobs, millions will have their electricity access restricted due to much higher per unit costs and entire villages in poor states de-electrified.

@nair Power transmission losses are a symptom not the disease

and I forgot to add. the thousands have jobs because the industry is getting privatized. its the IAS and politicians will loose ghoose ka paisa. BTW Govt. of India has recommended selling off of state electricity boards to private players to pay debts to generation companies.

 

[Stephen Cohen]

read my last post. wringing off is not good fro economy. people who didn't use a service end up paying for it. Its a loss and misuse of the taxpayers money.

What we can realistically do is collect the present dues

If losses are not written off ; ultimately Generation stops

And the aim of supplying electricity to all villages and homes will never be achieved

Increasing generation has to be the top priority

 

[nair]

Why cant the centre & EB's work towards LED????? I guess that will ease the load a lot......