PERFORMANCE BUDGET 1998-99 - Ministry of Power
PERFORMANCE BUDGET 1998-99 - Ministry of Power
PERFORMANCE BUDGET 1998-99 - Ministry of Power
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energised. State-wise details <strong>of</strong> progress <strong>of</strong> electrification <strong>of</strong> villages and energisation<br />
<strong>of</strong> pumpsets during the year 1<strong>99</strong>7-98 (upto February, <strong>1<strong>99</strong>8</strong>) and cumulative position<br />
obtaining upto February, <strong>1<strong>99</strong>8</strong> are given in Annexures I & II.<br />
12.3 The other redeeming feature <strong>of</strong> the Rural Electrification programme was the continuation <strong>of</strong><br />
Kutir Jyoti programme during 1<strong>99</strong>7-98. Kutir Jyoti programme aims at electrification <strong>of</strong> rural<br />
households falling below poverty line including Dalit and Adivasi families by extending the<br />
benefit <strong>of</strong> single point light connections to such households in rural areas. A provision <strong>of</strong><br />
Rs.36.93 crore for release <strong>of</strong> about 4.4 lakh single point light connections was made for the<br />
year 1<strong>99</strong>7-98 under Kutir Jyoti programme. This target was based on a unit cost <strong>of</strong> Rs.1,000<br />
for metered connection and Rs.800 for unmetered connections. State-wise details <strong>of</strong> targets<br />
for the year 1<strong>99</strong>7-98 and the achievements obtaining upto February, <strong>1<strong>99</strong>8</strong> are given in<br />
Annexure - III.<br />
12.4 For giving adequate boost to Kutir Jyoti programme during the next fiscal year<br />
<strong>1<strong>99</strong>8</strong>-<strong>99</strong>, the Government has decided to provide Rs.40 crore for this programme for<br />
releasing 4.45 lakh connections. Most <strong>of</strong> the States are opting for metered connections<br />
under the programme.<br />
13. PRIVATE SECTOR PARTICIPATION IN POWER DEVELOPMENT<br />
13.1 RESPONSE FROM THE PRIVATE SECTOR<br />
The response to Gol’s policy has been encouraging. Since 1<strong>99</strong>1, both domestic and<br />
foreign developers have evinced keen interest in the Indian power sector. Altogether<br />
125 private power projects are being monitored by the Central Government, amounting<br />
to nearly US$ 75 billion <strong>of</strong> investment and 67,221 MW <strong>of</strong> installed capacity. These<br />
include 95 proposals on the Memorandum <strong>of</strong> Understanding (MoU)/ Letter <strong>of</strong> Intent<br />
(Lol), etc. route ( costing more than Rs.100 crore) and 30 proposals on the competitive<br />
bidding route ( costing more than Rs.1000 crore).<br />
These projects are currently in various stages <strong>of</strong> development. Of the 125 projects, 40<br />
projects amounting to 19,592 MW have been given techno-economic clearance by<br />
Central Electricity Authority (CEA).<br />
Out <strong>of</strong> the 40 techno-economically cleared projects, 8 projects(6,221MW) are eligible<br />
for Government <strong>of</strong> India’s counter guarantee. Of these projects, three have received the<br />
counter guarantee <strong>of</strong> Government <strong>of</strong> India (in one <strong>of</strong> these three cases, the State<br />
Government has re-negotiated the project and has approached the Central Government<br />
for fresh counter guarantee). One project promoter withdrew his request for counter<br />
guarantee by Government <strong>of</strong> India. The remaining four projects <strong>of</strong> Government <strong>of</strong><br />
India have yet to receive counter-guarantee. Financial closure was achieved by three<br />
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