Uttarakhand Power Corporation Limited (UPCL) Revenue and Competitors

Uttarakhand Power Corporation Limited (UPCL), a Government of Uttarakhand Undertaking is a sole electricity distribution licensee of the state. Today, UPCL is supplying electricity to its 2.50 million consumers across the State with peak demand of 2233 MW. The turnover of the Company during Financial Year 2018-19 was Rs. 6218.61 Cr. UPCL is committed to supply quality and reliable power to its consumers at affordable cost. The history of Uttarakhand Power Corporation Limited (UPCL) can be traced back to erstwhile U.P. State Electricity Board (UPSEB). The erstwhile U.P. State Electricity Board was trifurcated pursuant to enactment of U.P. Electricity Reforms Act, 1999. U.P. State Electricity Reforms Transfer Scheme, 2000 was promulgated for execution of the trifurcation of erstwhile UPSEB into U.P. Power Corporation Limited (UPPCL), U.P. Jal Vidyut Nigam Limited (UPJVNL) and U.P.Rajya Vidyut Utpadan Nigam Limited. The State of U.P. was bifurcated by enforcement of U.P. Reorganization Act, 2000 (In short Reorganization Act) as a result thereof the State of Uttarakhand came into existence. UPCL was incorporated under the Companies Act, 1956 on 12-02-2001. UPCL was initially entrusted with the work of transmission and distribution of electricity in the State of Uttarakhand. As per the mandate of Electricity Act, 2003, the transmission business was transferred to a newly formed State owned company named as “Power Transmission Corporation of Uttarakhand Limited” from 01-06-2004. Since then UPCL is a sole distribution licensee for distribution of electricity in the state.