Odisha to firm up 300 Mw through power banking

Faced with a peak power deficit of 300-350 Mw, Odisha is making all out efforts to plug the demand-supply gap. The state government is increasingly turning to power bankingoption to cater to its rising power demand.

“A few northern states have offered to supply us 300 Mw via power banking. We would be drawing power between November and June next year. The same amount of power would be returned to these states during themonsoon season when our water reservoir levels pick up”, said Hemant Sharma, chairman cum managing director,Gridco Ltd, the state-owned power trading firm.

Sharma declined to disclose the names of the states since the deal was yet to be finalised. Official sources, however, said, talks were on with Punjab and Himachal Pradesh for an arrangement.

Odisha has already tied up 100 Mw power deals with Delhi and West Bengal, on the power banking mode. Both West Bengal and Tata Power Delhi Distribution Ltd are supplying 50 Mw each to the state grid. Tata Power is expected to scale up its supply to 100 Mw from November and continue supplies till June next year. Gridco would return 105 per cent of the procured power to the company from July next year.

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