Piyush Faking ‘Slow Tariff Growth’ Story & LPG Cost Up 75%

May14, 2017 (C) Ravinder Singh progressindia2015@gmail.com

Instead of Factually Reporting Decline of Power & Energy Sectors, Piyush Goyal is FABRICATING Fake Growth story.

 

As can be seen from Clippings from PFC reports Revenue Growth in Power sector was just 11.79% in FY15 second lowest in 10 years. Growth in Energy sales was 8.16% which in FY17 was just 4.72% conventional power.

 

http://npti.in/Download/Misc/VIII%20Report%20Final.pdf

http://www.pfcindia.com/writereaddata/userfiles/file/Operations/state_performance/Report%20on%20the%20Performance%20of%20State%20Power%20Utilities%202011-12%20to%202013-14.pdf

http://www.pfcindia.com/writereaddata/userfiles/file/Operations/state_performance/Report%20on%20Performance%20of%20State%20Power%20Utilities%202012-13%20to%202014-15.pdf

·       The aggregate revenue from sale of power for SEBs, State Power Departments and DISCOMs selling power directly to consumers increased from Rs 3,30,199 crore in 2013-14 to Rs 3,69,131 crore in 2014-15 reflecting a y-o-y growth of 11.79%.

·       The total energy sold by these utilities was 6,97,765 Mkwh in 2013-14 and 7,54,687 Mkwh in 2014-15 registering a y-o-y growth of 8.16% in 2014-15.

http://dea.gov.in/sites/default/files/indapr14.pdf  – http://dea.gov.in/sites/default/files/indapril15.pdf ,http://dea.gov.in/sites/default/files/MER_March%202017.pdf

Growth Rate of Coal, Petroleum & Natural Gas in %.

Item

FY13

FY14

FY15

FY16

FY17

Coal

4.6%

1.3%

8.2%

4.5%

3.6%

Crude Oil

-0.6%

-0.2%

-0.9%

-1.4%

-2.5%

Natural Gas

-14.5%

-13%

-5.2%

-4.1%

-1.1%

Energy is Critical For India’s Progress But Oil & Gas Blocks were allocated by Vajpayee Government to RIL & GSPC 1999 in 18 years they had failed. Court cases led to CRIPPLING Of Coal Sector. Corrupt PIYUSH GOYAL established Solar Projects in Desert than ROOFTOPS resulting in Rs.11 Cr/MW Loss.

When Capacity Addition was 34.15% – Generation Growth is barely 22% or 23% [Conventional Generation Growth of 19.95% + A/C for Renewable]

Piyush Goyal didn’t report LPG Cylinder Cost increased by 75% in three years even as Energy Prices are at Lowest in 10-12 years.

More

When I first met Piyush Goyal in 2013 he was talking about ‘Great Success Story’ of Sardar Sarovar & Narmada Canal Interlinking of Gujarat Rivers.

I told him as per CAG only 5.6% of new Irrigation Command Area is served by the system and sent him documents.

He is CA Licensed to FUDGE Data. Facts about latest CLAIMS are

FY2014 vs FY2017 Power Growth Rate in %

http://www.cea.nic.in/reports/monthly/installedcapacity/2014/installed_capacity-04.pdf  –http://www.cea.nic.in/reports/monthly/installedcapacity/2017/installed_capacity-04.pdf

Total Installed Capacity 245,393 MW > 329,204 MW = 34.15%

 

Coal Based Capacity 145,408 MW > 194,402 MW = 33.69%

http://www.cea.nic.in/reports/monthly/generation/2014/March/actual/opm_01.pdfhttp://www.cea.nic.in/reports/monthly/generation/2017/March/actual/opm_01.pdf

Conventional Generation 967,150 MU > 1160,140 MU = 19.95%

http://www.cea.nic.in/reports/monthly/generation/2014/March/actual/opm_11.pdfhttp://www.cea.nic.in/reports/monthly/generation/2017/March/actual/opm_11.pdf

Coal Based Generation 713,847 MU > 910,135 MU = 27.49%

 

Load Factor of Coal Based Power 65.55% to 59.88% = [-] 8.65%

 

http://www.cea.nic.in/reports/monthly/generation/2015/March/actual/opm_11.pdf

But Coal Based Generation FY2015 was 800,333 MU = 12.12%.

http://www.cea.nic.in/reports/monthly/generation/2016/March/actual/opm_11.pdf  –http://www.cea.nic.in/reports/monthly/generation/2017/March/actual/opm_11.pdf

Coal Based Generation Growth FY16 was 7.71% and FY17 – 5.58%  

ü   This is Total Mismanagement & Failure.

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS

Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857

Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,

Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects

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