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Power 20:20 | December 2017

Most Innovative Power Company in Distribution in Any Sector - M.P. Power Management Company

In accordance with GoMP decision, the name of MP Power Trading Company has been changed to MP Power Management Company Ltd. The MP Power Management Company has been made holding company for all the DISCOMS of MP. It has been registered with the new name as a company on 10.04.2012. <p></p> <p>Government of Madhya Pradesh vide Notification no 226 dated 31.05.2005 restructured MPSEB into five independent companies namely one Genco, one Transco, three Discoms and three Residual MPSEB.</p> <p> <span style="font-weight: bold;">Mission</span><br /> Provide innovative, efficient and tailored electricity products and services with a strong emphasis on risk management for itself and its consumerv Maximise the value of assets employed in MP power sector by optimising the utilisation of these assets, whether they are generating plants, transmission lines, distribution networks, or other resources<br /> Create more business opportunities for other segments in MP power sector and enhance the profitability for each of those segments</p> <p> <span style="font-weight: bold;">Vision</span><br /> To be the most trusted choice for electricity in the State of Madhya Pradesh and a leading electricity marketer in terms of trading volumes, service quality and customer bases in India.</p> <p> <span style="font-weight: bold;">TRADECO, earlier avatar</span><br /> The Residual MPSEB was vested with the functions of bulk purchase of electricity from generating companies and supply of electricity in bulk to the three Discoms of the State. Subsequently, the State Government has notified M.P. Electricity Reforms Transfer Schemes Rules 2006 vide notification dated 3rd June 06 whereby the functions, properties, interest rights and obligations of the Residual Madhya Pradesh State Electricity Board relating to Bulk Purchase and Bulk Supply of Electricity along with the related agreements and arrangements have been transferred and vested in M.P. Power Trading Company Limited (TRADECO). Accordingly, TRADECO has started functioning w.e.f. 03/06/2006 and from that date onwards, all three Discoms are buying the power of their requirement from a single source i.e. TRADECO including short term power.</p>
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17 Oct 2016
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20 Sep 2016
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20 Jun 2016
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