Untitled - Ministry of Power

It was not possible to achieve improvements
beyond a limit on the basis of OFAP within the
existing structure and with a view to take the reform
process to its logical conclusion, PFC facilitates
formulation of Reform-OFAP. Besides aiming at
bringing about efficiency improvements in the state
power sector, R-OFAP focuses on reform/
restructuring activities needed to create an
institutional mechanism for the self sustainability
of the sector in the long run.
During the year 2003-04, R-OFAPs have been
entered into with West Bengal State Electricity
Board (WBSEB) and Uttar Pradesh Jal Vidyut
Nigam Limited (UPJVNL).
FINANCIAL ASSISTANCE FOR POWER SECTOR
STUDIES
Power Finance Corporation (PFC) being a
developmental financial institution provides technical
and financial assistance by strategically providing
grants, interest free and / or concessional loans to
carry out power sector studies including Distribution
Management, Renovation & Modernization (R&M)
Thermal, Reform & Restructuring and Institutional
Development. The major studies completed so far
(March, 2004) are Residual Life Assessment (RLA)
Study of Bassi HEP, RLA / Life Extension Study
(LES) of Bhatinda Thermal Power Station Unit –4,
Distribution Management Study at Lucknow (Uttar
Pradesh Power Corporation Limited), Preparation
of feasibility report for ‘Supervisory Control And Data
Acquisition’ (SCADA) System for New Delhi
Municipal Corporation, DMS at Guwahati (Assam
State Electricity Board), DMS study at 24 Paragana
(West Bengal State Electricity Board).
Grants worth Rs. 8.02 crores is sanctioned by PFC
during the year 2003-04 and an amount of Rs. 5.29
crores disbursed upto 31st March, 2004 towards
studies R&M Thermal, Reform & Restructuring and
Institutional Development etc. So far, PFC has
sanctioned Grants worth of Rs. 45.37 crores (till
March, 2004) and released grants worth Rs.31.10
crores.
RENOVATION MODERNISATION & LIFE
EXTENSION OF THERMAL & HYDRO PLANTS
PFC, as on 31st March, 2004 has sanctioned loans
worth Rs.1075.40 crores towards R&U (Hydro) and
Rs. 4819.03 crores towards R&M (Thermal). The
corresponding cumulative disbursements till March,
2004 are Rs. 557.84 cores and Rs.2455.36 crore
for R&U (Hydro) and R&M (Thermal) respectively.
PRIVATE SECTOR FINANCING
PFC has so far supported 3750 MW of Generation
Capacity by way of sanctioning financial assistance
of about Rs.3780 crores to 44 Private Power Projects
out of which 1459 crores was disbursed. This includes
important generation projects viz. Lanko Kondapalli
Power Projects in Andhra Pradesh, Captive Power
Plant of Sanghi Industries in Gujarat, Malana Power
in Himachal Pradesh, Balaji Power in Tamil Nadu etc.
During the year 2003-04, loans were sanctioned to
15 private power projects amounting to Rs.955 crores
which include; 469 MW Gas based CCP Plant of
Gautami Private Power Ltd., 110 MW Corex gas
based Captive Power Plant of JSW Power Ltd.,
120 MW Gas based power project of Aban Power,
Samal HEP of Orissa Power Consortium, 18 MW
Bio-mass project of Raghuram Renewable Energy
Ltd., 26 MW Bagasse based project of SCM Sugars
Ltd. & 6 MW Bio-mass project of Sainath Power.
Cumulatively, 1100 MW generation capacities in
Private Sector have been commissioned with PFC’s
support, so far.
ACCELERATED POWER DEVELOPMENT AND
REFORM PROGRAMME (APDRP)
PFC has sanctioned a counterpart loan of Rs.1380
crores (during the year 2003-04) for implementation
of distribution schemes in the States of MP, AP,
Bihar, Delhi, Haryana, Jharkhand, Goa, Maharashtra
& UP. As on date, (31.3.2004) cumulative sanctions
of counterpart loan by PFC stands at Rs.3500
crores. An amount of Rs.214 crores has been
disbursed during the financial year 2003-04 under
APDRP counterpart funding. The APDRP
counterpart funding provided by PFC covers
distribution improvement schemes major cities
namely Delhi, Patna, Ranchi, Hoogli, Hyderabad,
Barellie and Faridabad etc. This also includes a
recent sanction of Rs.80 crores to NDPL for
improvement of distribution system in Delhi.
ACCELERATED GENERATION & SUPPLY
PROGRAMME (AG&SP) DURING 10TH PLAN
The AG&SP scheme has been extended to 10th Plan. The AG&SP scheme for the 10th Plan
envisages the following.
1. The assistance under the AG&SP scheme
shall be limited to only State sector, R&M
(Power Plants) and generation projects
including those based on non-conventional
energy sources.
2. The assistance under the AG&SP scheme
shall be limited only those States, which
perform satisfactorily with respect to the
agreed milestones of the reform MOUs entered
into with the MOP.
3. Interest subsidy under the scheme is 3%.
However, the subsidy for the projects in Northeastern
Region would be 4%.
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