PERFORMANCE BUDGET 1998-99 - Ministry of Power

11.3.4 Capital:
4. Kopili H.E.P. Stage-I Extension (2 x 50 MW) - Assam (since commissioned in
March,’97)
5. Agartala Gas Turbine Power Project (84 MW) - Tripura (since commissioned)
New projects likely to be undertaken by NEEPCO are as under:
1. Tuirial HE project (60 MW) - Mizoram
2. Tuivai HE project (210 MW) - Mizoram
3. Kopili H.E.P. Stage-II Extension (25 MW) - Assam
4. Lower Kopili HE Project (150 MW) - Assam
5. Kameng HE Project (600 MW) - Arunachal Pradesh
6. Dikrong HE project (100 MW) - Arunachal Pradesh
7. Ranganadi HE Project Stage-II (180 MW) - Arunachal Pradesh
The authorised share capital of the Corporation is Rs.2500 crore. The funds for the
Doyang and Ranganadi HEPs sponsored by North Eastern Council are provided to the
Corporation by the Council through the Ministry of Home Affairs. The Assam Gas
Based Power Project and Kopili HE project 1 st stage extension (100 MW) and Agartala
GTPP are being funded in the Central Sector. The total capital and loan as on 31 st March
1997 stood at Rs.1528.35 crore and Rs.1121.28 crore respectively. Loan from the
Government of India including capitalisation of interest stood at Rs.625.56 crore as on 31.3.97.
11.3.5 Financial Performance:
The gross profit for the year 1996-97 (after depreciation) and the net profit were Rs.98.85
crore and Rs.6.52 crore respectively. The net turnover during 1996-97 was Rs.137.37
crore as against Rs.92.51 crore in the previous year. The Corporation has paid maiden
dividend of Rs.1 crore to the Government for the year 1996-97.
Budgetary Support of Rs.154.02 crore has been provided to support its Plan Outlay of
Rs.218.69 crore for the year 1998-99. The details of Budgetary Support provided for
the projects under North Eastern Electric Power Corporation are as under:
87