PERFORMANCE BUDGET 1998-99 - Ministry of Power
PERFORMANCE BUDGET 1998-99 - Ministry of Power
PERFORMANCE BUDGET 1998-99 - Ministry of Power
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
utilised for financing rehabilitation <strong>of</strong> existing <strong>Power</strong> Plants and distribution systems. The PFC<br />
has disbursed Rs. 44.53 crores till March, <strong>1<strong>99</strong>8</strong>.<br />
11.4.8 ACCEI ERATED POWER GENERATION AND SUPPLY PROGRAMME.<br />
Realising that the growth in generation capacity and associated transmission links has<br />
not kept pace with the growth in demand for power, during the 8th Plan, as well as the<br />
anticipation <strong>of</strong> a large gap during the first 3 years <strong>of</strong> the 9th Plan, priority is being given<br />
to funding On-Going Projects, which have been languishing for want <strong>of</strong> funds for their<br />
completion, to R&M Projects, Life Extension Programmes, System improvement and<br />
Missing Transmission Links which are expected to enhance power availability and<br />
supply and partially bridge the demand-supply gap in the short-term, Government <strong>of</strong><br />
India has decided to provide interest subsidy <strong>of</strong> 4% throughout the life <strong>of</strong> the loan for<br />
disbursements made during 1<strong>99</strong>7-98.<br />
Salient features <strong>of</strong> this scheme are as follows:<br />
- Interest subsidy upto Rs.200 crore would be provided by the GOI through budget.<br />
- Should be utilised during the year 1<strong>99</strong>7-98<br />
- Budget grants would be utilised to provide interest subsidy over the total repayment<br />
period.<br />
- PFC lending at 4% below normal rates for eligible projects.<br />
Projects/Schemes eligible under the scheme:<br />
- On-Going generation projects (both thermal and hydro) which are expected to be<br />
commissioned by end <strong>of</strong> March,2000.<br />
- R & M, Life Extension and Refurbishment Schemes/Projects (both thermal and<br />
hydro).<br />
- Missing transmission links required for existing generation capacity or for the<br />
generation projects expected to be completed by March 2000.<br />
- All Capacitors, Meters installation schemes requiring disbursements during<br />
1<strong>99</strong>7-98,<br />
- Schemes likely to yield improved PLF/Generation within a short span <strong>of</strong> 6-12<br />
months.<br />
- Mini and micro hydel schemes which could be commissioned by March, 2000.<br />
Interest subsidy would be proportionately reduced if there is delay in commissioning<br />
<strong>of</strong> generation projects/ evacuation schemes in relation to the target dates.<br />
93
Change language