Gridco may earn Rs 7 billion from power trading
State-run power trader Gridco Ltd said, it is at a comfortable position to earn Rs 700 crore in the current fiscal by trading power on energy exchanges and selling to other states as better post monsoon rainfall has increased chances of higher hydro power production. “We have so far managed to trade power worth Rs 350 crore both on exchanges and via short-term trade with other states such as Uttar Pradesh. We hope the trading revenue could go upto Rs 700 by end of 2014-15,” said an official of Gridco. The state has generated around 750 Mw hydro power in the current month out of total 3200 Mw power available from different thermal power and renewable energy generators, compared with less than 500 Mw hydro power generated a month ago.The hydr.....