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Gaya Distribution Franchisee

Gaya Distribution Franchisee. Background. South Bihar Power Distribution Company Limited (SBPDCL) issued Request for Proposal (RFP) for Appointment of Distribution Franchisee for Gaya Town and adjoining Areas on 8 th April 2013 ;

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Gaya Distribution Franchisee

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  1. Gaya Distribution Franchisee

  2. Background • South Bihar Power Distribution Company Limited (SBPDCL) issued Request for Proposal (RFP) for Appointment of Distribution Franchisee for Gaya Town and adjoining Areas on 8th April 2013; • M/s DPSC Ltd submitted its Bid before the due date of 18th May 2013; • Following Bidders submitted their Bids for Gaya Distribution Franchisee: • M/s DPSC Limited, Kolkata • M/s EsselAdi Smart Grid Solutions Ltd, Mumbai • M/s SPML Infra Limited, Kolkata • Financial Bid opened on 27th June 2013, M/s DPSC Ltd emerged as “Highest (H1) Bidder”; • SBPDCL issued Letter of Intent (LoI) to M/s DPSC Ltd on 10th August 2013; • M/s DPSC Ltd gave “Unconditionally Acceptance” to LoI on 24th August 2013.

  3. About Gaya Franchisee area • Gaya Franchisee area includes: • Area of supply includes Bodhgaya – hub for Buddhist Pilgrimage • Catering electricity needs of ~ One Lakh Consumers • Connected load ~ 191 MW • Input Energy ~ 330 MU • T&D losses ~ 62.2% • Collection Efficiency ~ 84%

  4. How does a Franchisee Work? • 7th proviso to Section 14 of the Electricity Act, 2003 - allows any person to undertake the distribution of electricity for a specified area on behalf of the Distribution Licensee without obtaining separate license; • Business Model for Distribution Franchisee:

  5. Way Forward… • Entering into Distribution Franchisee Agreement after payment of necessary collateral instruments (Letter of Credit, Bank Guarantees etc.) – expected by 3rd Week of Sept 2013; • Expected TakeOver Date- end of 2013

  6. Thank You

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