MoP - Ministry of Power

11.3ANNUAL AND QUARTERLY PERFORMANCE
REPORT OF POWER UTILITIES
PFC brought out the 4th edition of report on the
“Performance of the State Power Utilities for the year
2003-04 to 2005-06.” The number of utilities covered in the
report for the years 2003-04, 2004-05 and 2005-06 are 70,
71 and 90 utilities respectively. This document provides a
valuable insight into the progress and areas of concern in
the financial and operational performance of State power
utilities. The report is also useful in gauging the pace of
reforms and the results associated with it. As per the
analysis in the performance report for 2005-06, the book
losses (on accrual basis) of all State power utilities reduced
significantly from Rs.12,609 crore in the year 2004-05 to
Rs.7,533 crore in 2005-06. The aggregate losses for all
the utilities in State power sector (without accounting for
subsidy) reduced from Rs.23,880 crore in the year
2004-05 to Rs.19,546 crore in 2005-06, indicating a
significant reduction of Rs.4,334 crore.
PFC has commenced bringing out a one page Research
Report on the performance of each of the State Power
Utilities (SPUs) on a quarterly basis. The report contains
key operational and financial performance parameters,
reform status, implementation of Electricity Act 2003, areas
of concern and conditions for improvement etc. The first
quarterly research report was brought out for April-June
2006 quarter covering 11 States and 20 Power Utilities and
since then have been regularly preparing the quarterly report
of Power Utilities. The report is sent to the stakeholders in
the power sector and is acknowledged as good effort and
is useful in flagging the key issues for review and timely
corrective actions / measures for improvement of
performance of SPUs. During the current financial year,
report for April-June 2007 quarter has been brought
out covering 12 States and 27 Utilities. The report for 2 nd
quarter is likely to be completed and published by
December 2007.
11.4 INFORMATION TECHNOLOGY
PFC has taken various steps aiming at utilizing Information
Technology for automating its operations and to foster
technology enabled quality work environment for achieving
better productivity and efficiency. In this direction, several
initiatives have been taken including:
Gigabit LAN with Fibre Optic backbone with Layer 3
switching technologies has been installed.
State-of the-art security and content filtering solutions
have been implemented to provide secure and
productive environment.
To taken automation further to the door-steps of the
customers, “On-line loan application system” has been
implemented by PFC. This facilitates borrowers to
submit on-line application. To further encourage
submission of Online applications, customer training
programmes have been organized by PFC covering
various utilities in all the Regions.
Integrated applications covering most of the operations
had been in place. It is also envisaged to upgrade
these applications by deploying end-to-end ERP based
enterprise solution.
12.0 FINANCING OF STATE AND CENTRAL SECTOR
GENERATION PROJECTS
12.1 HYDRO PROJECTS
In order to improve upon the declining share of Hydro Power
in countries total installed capacity, the Company is
proactively identifying and providing financial support to
Hydro Generation Projects. During the year 2007-08 as on
30 th Nov., 2007, loans amounting to Rs.4056 crore were
Sanctioned and an amount of Rs.921 crore was Disbursed.
The cumulative Sanction for Hydro Generation Projects has
Rs. 21,710 crore out of which Rs.13,329 crore had been
disbursed till 30 th Nov., 2007.
12.2 THERMAL PROJECTS
The Company is providing financial support to the Thermal
Generation Projects for their timely completion. During the
year 2007-08, as on 30 th Nov., 2007, the Company has
Sanctioned loans amounting to Rs.25,869 crore and
Disbursed an amount of Rs.4,118 crore. The cumulative
financial support provided by the Company for Thermal
Generation Schemes was Rs.79,219 crore out of which
Rs.31,262 crore had been Disbursed till 30 th Nov., 2007.
12.3 RENOVATION MODERNISATION & LIFE
EXTENSION OF THERMAL & HYDRO PLANTS
The funding for Renovation & Modernization of old Thermal
& Hydro Plants continues to be the thrust area of the
company. During the year 2007-08, as on 30th Nov., 2007,
the Company had Sanctioned loans amounting to Rs.255
crore and Disbursed an amount of Rs.189 crore. The
cumulative financial support provided by the Company was
Rs.8,698 crore out of which Rs.4610 crore had been
Disbursed till 30 th Nov., 2007.
12.4 FINANCING OF PRIVATE SECTOR POWER
PROJECTS
The Company is supporting private power projects for
participating in the power development, based on the
recommendations of the various High level Committees and
so far had supported more 11,000 MW of generation
capacity through various types of Thermal plants including
Coal, Gas / Naphtha, Furnace oil or DG set based, Hydro
plants, Wind Power Plants, T&D network, etc.
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