Uttar Pradesh Power Corporation Limited

Uttar Pradesh Power Corporation Limited (UPPCL) is a state government company, responsible for electricity transmission and distribution within the Indian state of Uttar Pradesh.

Power Corporation Limited was incorporated on 30 November 1999[3] and commenced its business w.e.f.

[4] It was formed as part of restructuring of then Uttar Pradesh State Electricity Board (UPSEB).

The total loss of the UPPCL for the year ended on 31 March 2017 is estimated to be ₹ 8,825 crores.

The causes of such poor financial conditions include: Discom-wise Aggregate Technical & Commercial (AT&C) Loss / Total line losses (in %) for the period 2010-11: In line of Power Finance Corporation, UPPCL created Special Purpose Vehicles (SPVs): The role of SPVs are - These SPVs are transferred to a developer private company through bidding for the lowest per unit cast of selling electricity to UPPCL.