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Bokaro 'B' Thermal Power Station Turbo-generators - Ministry of Power

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4.3.3 Loans advanced by the REC to the State Electricity<br />

Boards (SEBs), State Government and Rural Electric Cooperative<br />

Societies during the year 1989-90 touched an all-time new<br />

high <strong>of</strong> Rs. 724.06 crores. The total loan amount advanced to<br />

these three categories <strong>of</strong> organisations upto the end <strong>of</strong> 1989-90<br />

aggregated to Rs. 5133.25 crores. During the current year,<br />

1990-91, the REC has advanced Rs.707.50 crores as loans.<br />

4.3.4 During the year 1989-90 the REC approved 2316 new<br />

projects involving a loan assistance <strong>of</strong> Rs. 984.85 crores.<br />

Cumulatively upto March, 1991 the REC sanctioned 23068*<br />

rural electrification projects, with the provision <strong>of</strong> financial<br />

assistance aggregating to Rs. 7905* crores.<br />

4.3.5 During the year 1989-90, against the target <strong>of</strong><br />

electrification <strong>of</strong> 11900 villages and energisation <strong>of</strong> 4.00 lakh<br />

pumpsets. 14414 (121.1%) villages were electrified and 5.2<br />

(130%) lakh pumpsets energised. During the period 1990-91,<br />

10108 villages have been electrified and 5.18 lakh pumpsets<br />

energised.<br />

During 1990-91, one more major state, viz Sikkim achieved<br />

cent percent electrification.<br />

4.3.6 Under a special drive launched by the REC, over one<br />

million domestic connections were released to rural house<br />

27<br />

Energisation <strong>of</strong> Pumpsets<br />

holds during 1989-90. These connections included single point<br />

light connections provided to the households below the<br />

poverty line free <strong>of</strong> cost under Kutir Jyoti programme. This is<br />

unprecedented in the annals <strong>of</strong> India’s rural electrification<br />

programme.<br />

4.3. During the year 1989-90, the REC earned a net pr<strong>of</strong>it <strong>of</strong><br />

Rs. 56.48 crores against Rs. 41.13 crores in the previous year.<br />

NORTH EASTERN ELECTRIC<br />

POWER CORPORATION<br />

LIMITED<br />

4.4.1 The North Eastern Electric <strong>Power</strong> Corporation was<br />

constituted in 1976, under the Companies Act, with the aim <strong>of</strong><br />

developing the large electric power potential <strong>of</strong> the N.E.<br />

Region. The region has large water resources, gas and oil<br />

reserves and coal deposits, all <strong>of</strong> which can be developed for<br />

power generation. The Corporation made a modest beginning<br />

with the implementation <strong>of</strong> the 150 MW Kopili Hydro Electric<br />

project, which has since been commissioned fully. The<br />

associated 220 KV and 132 KV Transmission Lines for<br />

supplying bulk power to the different States <strong>of</strong> the region have

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