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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88<br />
(Rs. in crore)<br />
Project Name BE RE BE<br />
1<strong>99</strong>7-98 1<strong>99</strong>7-98 <strong>1<strong>99</strong>8</strong>-<strong>99</strong><br />
1. Assam Gas Based Combined<br />
Cycle Project (291 MW) 83.00 83.00 51.50<br />
2. Agartala Gas Based Project (84 MW) 35.76 22.62 14.52<br />
3. Kopili HEP 1$st Stage Extn.(100 MW) 25.00 35.48 -<br />
4. Kopili Augmentation& Modenisation 3.25 8.41 1.09<br />
5. Tuirial HEP (60 MW) - - 28.00<br />
6. Tuivai HEP (210 MW) - - 18.33<br />
7. Kopili HEP Stage-II (25 MW) - - 25.38<br />
8. Kameng HEP (600 MW) - - 4.90<br />
9. Lower Kopili HEP (150 MW) - - 8.30<br />
10. Survey & Investigation - - 2.00<br />
11. Grants-in-aid - 16.20 -<br />
Total 147.01 165.71 154.02<br />
11.4 POWER FINANCE CORPORATION LIMITED (PFC):<br />
11.4.1 The <strong>Power</strong> Finance Corporation Limited (PFC) was incorporated on July 16, 1986 with the<br />
objective <strong>of</strong> providing term-finance for <strong>Power</strong> Generation Projects (Hydel & Thermal),<br />
Transmission and Distribution, System Improvement, Urban Distribution, Renovation &<br />
Modernisation, Survey & Investigation and Training <strong>of</strong> Personnel engaged in the <strong>Power</strong><br />
Development Programme. The Corporation commenced its lending business during 1987-<br />
88.<br />
11.4.2. The funds have till now been mainly provided to the State Electricity Boards and State <strong>Power</strong><br />
Generation Corporations. The projects are formulated and implemented by these bodies. In<br />
the light <strong>of</strong> the increasing requirements <strong>of</strong> <strong>Power</strong> sector for financing, the board <strong>of</strong> PFC has<br />
already taken a decision to widen the category <strong>of</strong> its borrowers from State <strong>Power</strong> Utilities to<br />
cover other such utilities including those in the Joint, Municipal, Central and Private Sector.<br />
The funds provided by the Corporation are in the nature <strong>of</strong> additionality to Plan allocations to<br />
States and are available for application based on merits <strong>of</strong> the individual Projects.<br />
11.4.3 The soaring demand for power, with shortage expected to rise to 11.5% <strong>of</strong> energy and<br />
18.3% <strong>of</strong> peak capacity requirements has underlined the need for the Indian <strong>Power</strong><br />
Sector entities, both existing and emerging ones, to grow at a scorching pace. The<br />
initiatives made by the Govt. <strong>of</strong> India towards liberalised economy ushering market
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