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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11.4.9 Financial Leasing scheme for <strong>Power</strong> equipment was finalised after deep study <strong>of</strong> the market<br />
conditions. A number <strong>of</strong> SEBs and SGCs have shown keen interest in availing leasing finance<br />
from PFC. PFC has sanctioned lease finance to the extent <strong>of</strong> Rs.285.47 crores till 31st<br />
March, <strong>1<strong>99</strong>8</strong>.<br />
Bill discounting scheme has been finalised after a survey conducted amongst SEBs /<br />
SGCs whose response was encouraging. Bill discounting scheme has been introduced<br />
and during the year a limit <strong>of</strong> Rs.30.50 crores has been sanctioned.<br />
Lending to Private <strong>Power</strong> Companies has been in hand as a part <strong>of</strong> the business expansion<br />
plan <strong>of</strong> PFC. PFC will provide finance on its own or enter into consortium arrangements<br />
with other financial institutions like IDBI, IFCI, ICICI, SBI CAPS etc. / for co-financing<br />
<strong>of</strong> R&M Projects, new generation projects and transmission and distribution projects<br />
etc. The terms and conditions and modalities <strong>of</strong> financing have been finalised.<br />
11.4.10 With a view to improving their operational efficiency and financial performance, the Corporation<br />
requires its state utilities borrowers to formulate an Operational and Financial Action Plan<br />
(OFAP) to the satisfaction <strong>of</strong> the Corporation. This is required to be accepted by the State<br />
Governments also.<br />
OFAPs have been formulated and accepted in respect <strong>of</strong> the following State Electricity<br />
Boards (SEBs) as on 31st March,<strong>1<strong>99</strong>8</strong> as under:-<br />
Sl. No. State Electricity Boards (SEBs)<br />
1. Andhra Pradesh State Electricity Board (APSEB),<br />
2. Gujarat Electricity Board (GEB),<br />
3. Karnataka Electricity Board (KEB),<br />
4. Madhya Pradesh Electricity Board (MPEB),<br />
5. Punjab State Electricity Board (PSEB),<br />
6. Rajasthan State Electricity Board (RSEB),<br />
7. Maharashtra State Electricity Board (MSEB),<br />
8. Himachal Pradesh State Electricity Board (HPSEB),<br />
9. Uttar Pradesh State Electricity Board (UPSEB),<br />
10. Haryana State Electricity Board (HSEB),<br />
11. Kerala State Electricity Board (KSEB),<br />
12. West Bangal State Electricity Board (WBSEB)<br />
13. Tamil Nadu Electricity Board. (TNEB)<br />
14. Assam State Electricity Board (ASEB)<br />
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