Inside Pages9Final.indd - Ministry of Power

on 31st Dec 2005, Action Plans are in place for 41 utilities
including 9 SEBs, 16 SGCs, 11 T&D companies and 5
Department-run power utilities. These Action Plans have
been instrumental in bringing about a perceptible change
in quantitative and qualitative performance of State Power
Utilities functioning.
6.0 OPERATIONAL HIGHLIGHTS
The Company issued sanctions for Rs.17310 crore of
loans and grants during the period from 1st April 2005
to 31st Dec 2005 compared to Rs.13409 crore during
the same period last year. An amount of Rs.7695 crore
was disbursed during the same period to state, central
and private sector entities, compared to Rs.5891 crore
disbursed during the same period in the last year. With this
the cumulative sanction of Rs 89325 crore, disbursement
of Rs.57810 crore of loans and grants have been made by
the Company as on 31st December, 2005.
7.0 FINANCING OF STATE AND CENTRAL SECTOR
GENERATION PROJECTS
7.1 HYDRO PROJECTS
With a view to reverse the trend of declining share of
hydropower in the country’s total installed capacity, the
Company is proactively identifying and providing financial
support to hydro generation projects. During the year,
major projects financed include Tehri HEP-I (4 x 250 MW) of
THDC, Kameng HEP (4 x 150 MW) of NEEPCO, Koteshwar
HEP (4 x 100 MW) of THDC.
During the period, the Company sanctioned loan worth
Rs.3924 crore for hydro projects and an amount of
Rs.2047 crore was disbursed. The cumulative financial
support provided by PFC for hydro Generation schemes
are Rs.16249 crore, out of which Rs.9860 crore has been
disbursed till 31st December, 2005.
The important projects commissioned include Kau-
Tlabung small HEP (2 x 1.5 MW) of Mizoram, Almati Dam
Power House ( 2 x 55 MW ) of KPCL, Sardar Sarovar 3
(400 MW ) of SSNL & Pykora HEP (150 MW) of TNEB.
7.2 THERMAL PROJECTS
The Company is providing finance to Thermal Generation
projects for their timely completion. Major generation
projects sanctioned during the period from 1st April to 31st
Dec, 2005 under review include Tenughat extension Stage
II ( 3 x 210 MW ) of TVNL, Establishment of 1 x 300 MW
lignite based TPS of GIPCL, Sagardighi TPS Ph- I Unit 1&2 (2 x
250 MW) of WBPDCL. 2x300 MW of Yamunanagar TPS.
During the period, the Company has sanctioned loans
MINISTRY OF POWER
amounting to Rs.7493 crore and disbursed an amount of
Rs.2217 crore. The cumulative financial support provided
by the Company for Thermal Generation schemes is
Rs.32276 crore, out of which Rs.18050 crore has been
disbursed till 31st December, 2005.
The major projects commissioned during the period
include Gas Based CCPP Unit 2 (49.8 MW) at Karuppur
of Aban Power.
8.0 FINANCING OF PRIVATE SECTOR POWER
PROJECTS
PFC has so far supported 9936 MW of generation capacity
by way of sanctioning financial assistance of about Rs.
7552.11 crore to 50 power projects and an amount of
Rs.3382.66 crore has been disbursed. Also 4 guarantees
have been approved worth Rs. 1097 crore. Major projects
include 4x100 MW Vishnuprayag HEP of M/s. Jaiprakash
Power Ventures in Uttaranchal, 4x250 MW of Rajgarh TPP
of M/s Jindal Power Ltd. in Chattisgarh, 445 MW and 469
MW gas based plants of Konaseema EPS Oakwell and
Gautami Power in Andhra Pradesh respectively, 1500 MW
and 1095 MW gas based plant of M/s Essar Power Ltd. and
Torrent Power Generation Ltd. in Gujarat respectively etc.
During the current year 2005-06, disbursements of Rs.745
crore have been made as on 31.12.05 and sanctions of
approx Rs.2000 crore is under consideration. During the
year 119.8 MW and 57 MW gas based CCGT of Aban
Power and Arkay Energy respectively in Tamil Nadu have
been commissioned. Cumulatively, 1866 MW generation
capacity in private sector has been commissioned with
PFC support.
9.0 RENOVATION MODERNISATION & LIFE EXTENSION
OF THERMAL & HYDRO PLANTS
Renovation, Modernization and Life Extension of old
thermal and hydro plants is a priority area of financing by
PFC. As on 31.12.2005, PFC has sanctioned loans worth
Rs. 5180 crore towards R&M Thermal and Rs. 1463 crore
towards R&U Hydro schemes of various power utilities.
Out of above an amount of Rs. 3003 crore and Rs. 691.43
crore has been disbursed, respectively.
10.0 ACCELERATED POWER DEVELOPMENTS AND
REFORM PROGRAMME (APDRP)
During financial year 2005-06 (upto December 31, 2005),
PFC committed counterpart-funding amounting to
Rs.456.34 crore for distribution schemes in various states.
Counterpart funds amounting to Rs. 207.09 crore were
disbursed and loan documents for 18 schemes with the
loan amount of Rs.219.64 crore were executed during the
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