Untitled - Ministry of Power
Untitled - Ministry of Power
Untitled - Ministry of Power
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4. Presently, the assistance under the scheme<br />
to be limited to only State sector, R&M <strong>of</strong><br />
thermal power plants and Renovation &<br />
Uprating (R&U) <strong>of</strong> hydro power plants including<br />
power plants <strong>of</strong> Damodar Valley Corporation<br />
(DVC) and those generation schemes which<br />
are to be commissioned in the 10th plan.<br />
5. Grants under the AG&SP scheme will be<br />
provided to SEBs, SGCs and State <strong>Power</strong><br />
Departments for carrying out the studies, which<br />
help to achieve policy objectives <strong>of</strong> the<br />
Government relating to power sector. These<br />
include power sector reform and restructuring<br />
studies, system studies, R&M studies, life<br />
extension studies, retainer consultancy for<br />
R&M and environment/social studies.<br />
6. During the financial year, 2002-03, an amount<br />
<strong>of</strong> Rs.1475 crores was disbursed by PFC under<br />
AG&SP against which subsidy was received.<br />
7. As on 31st March, 2004 an amount <strong>of</strong> Rs.1224<br />
crores has been disbursed by PFC under<br />
AG&SP towards R&M and R&U <strong>of</strong> power plants<br />
<strong>of</strong> State sector.<br />
CONSULTANCY SERVICES<br />
ACHIEVEMENTS :-<br />
In the year 2003-04, Consultancy Services Group<br />
<strong>of</strong> PFC has expanded its domain <strong>of</strong> providing various<br />
types <strong>of</strong> services to Energy Audit assignments for<br />
power stations and Transmission & Distribution<br />
networks for which the first assignment <strong>of</strong> its type<br />
was carried out for M/s. Dishergarh <strong>Power</strong> Supply<br />
Co. Ltd. (DPSCL).<br />
PFC as part <strong>of</strong> reducing the interest burden on the<br />
State <strong>Power</strong> Utilities is executing an assignment<br />
for Andhra Pradesh <strong>Power</strong> Generation Corporation<br />
Ltd. (APGENCO) for roll over/new issue <strong>of</strong> private<br />
placement <strong>of</strong> bonds worth Rs.145 crores as Turnkey<br />
Advisor, which is likely to result in considerable<br />
savings to APGENCO as compared to the current<br />
rate <strong>of</strong> borrowing. This assignment has already been<br />
completed. PFC has received assignments worth<br />
about Rs.2.66 crores in the current financial year.<br />
The success <strong>of</strong> PFC Consultancy Services can be<br />
primarily attributed to its principal thrust being on<br />
client satisfaction and on implementable outputs.<br />
With this objective, it endeavours to continue<br />
assisting power sector entities in their effort<br />
towards commercial operations.<br />
FUTURE AREAS OF THRUST :-<br />
PFC Consultancy Services intends to give<br />
emphasis to areas <strong>of</strong> consultancy assignments<br />
such as:<br />
Energy Audit assignments having impact on<br />
cost <strong>of</strong> Generation & Supply i.e. ultimately Tariff.<br />
Financial Advisory Services for new <strong>Power</strong><br />
Plants.<br />
Development <strong>of</strong> Business Plans for states/<br />
utilities in the area <strong>of</strong> <strong>Power</strong> Sector Growth.<br />
Financial Re-engineering.<br />
Emerging regulatory areas <strong>of</strong> open access and<br />
intra-state power trading.<br />
TARGETS & ACHIEVEMENTS<br />
The following is the status <strong>of</strong> achievement <strong>of</strong> targets<br />
under various parameters agreed under MoU signed<br />
between PFC & <strong>Ministry</strong> <strong>of</strong> <strong>Power</strong>.<br />
Parameters Target for Achievement<br />
2003-04 as on 31.03.04<br />
Sanctions 10500.00 16472.00<br />
Disbursements 6000.00 8975.00<br />
Realization (%) 92.00 99.00<br />
Resource Mobilisation 4670.00 8147.00<br />
Gross Margin 1150.00 2173.00<br />
Net Pr<strong>of</strong>it to Closing Networth (%) 16.28 25.80<br />
Operating Ratio (%)<br />
(Operating cost to Operating Revenue)<br />
55.13 40.30