MoP - Ministry of Power

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During the year 2007-08, as on 30 th Nov., 2007, loans
amounting to Rs.1,675 crore had been Sanctioned and
Rs.615 crore had been Disbursed. Major projects
Sanctioned are 820 MW natural gas based CCPP at
Devarapalli of Konaseema in Andhra Pradesh, 300 MW
coal based TPP of KVK Nilanchal in Chattisgarh and 350
MW TPS of RKM PowerGen in Chattisgarh.
The Company has so far cumulatively Sanctioned loans
worth Rs.10,456 crore and Guarantees worth Rs.1,096
crore out of which an amount of Rs.5,200 crore has been
Disbursed till 30 th Nov., 2007.
13.0 ULTRA MEGA POWER PROJECTS/ SPECIAL
PURPOSE VEHICLES
PFC has been working for the development of UMPPs,
each with a capacity of about 4,000 MW. Nine such projects
were identified to be located at Sasan in MP, Mundra in
Gujarat, Akaltara in Chattisgarh, Tadri in Karnataka
and Girye in Maharashtra. Krishnapattam in Andhra
Pradesh, Tilaya in Jharkhand, Cheyyur in Tamil Nadu and
Sundergarh in Orissa.
The projects in Madhya Pradesh, Chhattisgarh, Orissa and
Jharkhand are to be located at coal pit heads with
captive coalmines. The other five ( 5 ) are to be located at
coastal areas
PFC had incorporated nine ( 9 ) wholly owned subsidiary
Companies for these UMPPs to act as Special Purpose
Vehicles (SPVs) for the Projects. These SPVs in
coordination with Central Electricity Authority (CEA)
undertake all activities necessary to obtain the appropriate
clearances required to establish these projects. Ministry
of Power is acting as the facilitator for development of these
UMPPs. These SPVs shall be transferred to successful
bidder (s) selected through tariff based international
competitive bidding process for implementation and
operation.
13.1 Two SPVs namely Coastal Gujarat Power Ltd. (CGPL)
for Mundra UMPP in Gujarat and Sasan Power Limited for
Sasan UMPP in Madhya Pradesh have been transferred to
the successful bidder on the dates indicated below :
Name of SPV Successful Date of
bidders transfer
Coastal Gujarat Power Tata Power 22.04.07
Limited (CGPL) for Company
Mundra UMPP in Limited
Gujarat
Sasan UMPP in Reliance Power 07.08.07
Madhya Pradesh Limited
Letter of Intent (LoI) for Krishnapatnam UMPP in Andhra
Pradesh was issued to the successful bidder i.e. Reliance
Power Limited on 30.11.07. This also been transferred on
29 th Jan. 2008.
The bid process for Tilaiya UMPP in Jharkhand is in
progress.
14.0 TRANSMISSION PROJECTS/ SPECIAL PURPOSE
VEHICLES (SPVS)
14.1 Ministry of Power has initiated similar process i.e.
tariff based competitive bidding process for development
of Transmission system through private sector participation
for evacuation of power from the Generating Stations,
transmission of power from pooling stations to other grid
station up to load centers and system strengthening.etc.
The objective of this initiative is to develop transmission
capacities in India and to bring in the potential investors
after developing such projects to a stage having preliminary
survey work, identification of route, preparation of Survey
Report, initiation of the process of land acquisition, initiation
of process of seeking forest clearance, if required and to
conduct bidding process etc.
15.0 ACCELERATED POWER DEVELOPMENT AND
REFORM PROGRAMME
During FY 2007-08 as on 30 th Nov, 2007, PFC committed
counterpart-funding amounting to Rs.32.52 crore for
Distribution schemes in the State of Uttar Pradesh. The
cumulative sanction of APDRP counterpart loans by PFC
stands at Rs.2320.47 crore. Counterpart funds amounting
to Rs.131.46 crore were Disbursed and loan documents
for 12 schemes with the loan amount of Rs.192.71 crore
were executed during the year. Distribution network in major
cities for which PFC has Sanctioned counterpart funding
during 2007-08 include Ghaziabad, Meerut, Saharanpur etc.
16.0 VIGILANCE ACTIVITIES & ACHIEVEMENTS
During the financial year 2007-08 (upto November 2007),
the Vigilance Unit functioned as an effective tool of positive
management with the thrust being on preventive vigilance.
This aspect was focused upon by conducting periodic &
surprise inspection of files and by issuing effective
guidelines to streamline systems with the aim of eliminating
loopholes and ensuring transparency in day to day
operations so as to minimize scope for misuse. Vigilance
Unit undertook the review of operational manuals of various
activities of the Corporation. A number of comprehensive
manuals on different areas of company’s activities have
already been notified after review and some other manuals
are in the process of finalization. Further, during the period,
detailed investigation was carried out in seven cases of
complaints out of which five cases were closed with the
approval of competent authority and the balance two are
under investigation. To further reinforce preventive vigilance,
compliance of Central Vigilance Commission circular No.
40/11/06 dated 22.11.06 with regard to emphasizing the
need of leverage technology as an effective tool in vigilance
administration by uploading information on corporate
websites regarding rules, procedures etc. besides making