Untitled - Ministry of Power

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4. Presently, the assistance under the scheme
to be limited to only State sector, R&M of
thermal power plants and Renovation &
Uprating (R&U) of hydro power plants including
power plants of Damodar Valley Corporation
(DVC) and those generation schemes which
are to be commissioned in the 10th plan.
5. Grants under the AG&SP scheme will be
provided to SEBs, SGCs and State Power
Departments for carrying out the studies, which
help to achieve policy objectives of the
Government relating to power sector. These
include power sector reform and restructuring
studies, system studies, R&M studies, life
extension studies, retainer consultancy for
R&M and environment/social studies.
6. During the financial year, 2002-03, an amount
of Rs.1475 crores was disbursed by PFC under
AG&SP against which subsidy was received.
7. As on 31st March, 2004 an amount of Rs.1224
crores has been disbursed by PFC under
AG&SP towards R&M and R&U of power plants
of State sector.
CONSULTANCY SERVICES
ACHIEVEMENTS :-
In the year 2003-04, Consultancy Services Group
of PFC has expanded its domain of providing various
types of services to Energy Audit assignments for
power stations and Transmission & Distribution
networks for which the first assignment of its type
was carried out for M/s. Dishergarh Power Supply
Co. Ltd. (DPSCL).
PFC as part of reducing the interest burden on the
State Power Utilities is executing an assignment
for Andhra Pradesh Power Generation Corporation
Ltd. (APGENCO) for roll over/new issue of private
placement of bonds worth Rs.145 crores as Turnkey
Advisor, which is likely to result in considerable
savings to APGENCO as compared to the current
rate of borrowing. This assignment has already been
completed. PFC has received assignments worth
about Rs.2.66 crores in the current financial year.
The success of PFC Consultancy Services can be
primarily attributed to its principal thrust being on
client satisfaction and on implementable outputs.
With this objective, it endeavours to continue
assisting power sector entities in their effort
towards commercial operations.
FUTURE AREAS OF THRUST :-
PFC Consultancy Services intends to give
emphasis to areas of consultancy assignments
such as:
Energy Audit assignments having impact on
cost of Generation & Supply i.e. ultimately Tariff.
Financial Advisory Services for new Power
Plants.
Development of Business Plans for states/
utilities in the area of Power Sector Growth.
Financial Re-engineering.
Emerging regulatory areas of open access and
intra-state power trading.
TARGETS & ACHIEVEMENTS
The following is the status of achievement of targets
under various parameters agreed under MoU signed
between PFC & Ministry of Power.
Parameters Target for Achievement
2003-04 as on 31.03.04
Sanctions 10500.00 16472.00
Disbursements 6000.00 8975.00
Realization (%) 92.00 99.00
Resource Mobilisation 4670.00 8147.00
Gross Margin 1150.00 2173.00
Net Profit to Closing Networth (%) 16.28 25.80
Operating Ratio (%)
(Operating cost to Operating Revenue)
55.13 40.30