| Introduction
|
 |
 |
Gujarat Power
Corporation
| Promoter : |
Govt. of Gujarat and Gujarat
Electricity Board |
| Foundation: |
June, 1990 |
| Authorized Share fund : |
Rs. 300 Crore |
| Paid up share fund : |
Rs. 219 Crore |
Introductory :
The Responsibility to develop the power
sector is not only of the private entrepreneurs but the Government
is not in the position to make more investments for development of
power sector due to limited resources. Apart from that deficit of
electricity has not been fulfilled due to other reasons as well as
the rapid industrial development. Hence the Govt. is making efforts
to attract more investment from private enterprises in the power
sector.
With an object of enhancing the power
capacity in state, the Govt. of Gujarat also established the Gujarat
power corporation in June, 1990 in association with Gujarat
Electricity Board for the purpose of raising investment in power
sector by the private entrepreneurs. The main objects of the Gujarat
Power Corporation include power generation based on various fuels
and establishing power stations in various areas of the state by
attracting more and more investments from the private entrepreneurs.
For this purpose, the Gujarat Power Corporation takes up the process
required such as determining the location for power station,
preparing for technical-financial feasibility reports, obtaining
various sanctions there for, acquiring lands required, inviting
proposals from private institution by wide advertisement on
international base, calling upon tenders of quotation from the list
prepared for eligible institution and to assign the function of
developing power station in private sector-sector by making final
selection from the applicant institutions.
Official capital and paid up capital of
this company is respectively Rs. 300 crore and Rs. 219.57. The main
object beyond it is to invest into power project by this company.
Thereafter, main sources of investment in power stations shall be
from the income of letting necessary machineries of power sectors or
from the income of partnership in power stations.
There has been no disbursement as
share-capital contribution for the corporation in the financial year
of 2000-2001 and 2001-2002. In addition, no provision has been also
proposed in the year of 2003.
With a view to make the Gujarat Power
Corporation more effective and strengthened, there has been
constituted the Board of Directors. |
