Untitled - Ministry of Power

Cumulatively, since launch of the programme in 1988-
89, over 62.9 lakh single point light connections are
reported as released and the beneficiary States have
drawn a grant of over Rs.516 crore upto March 2004.
Interest free schemes of REC
REC introduced in February 2003, new category of
schemes for providing loan assistance to State
Governments at concessional interest rates of 1%
per annum for electrification of dalit bastis and 3%
per annum for villages and hamlets. On successful
implementation of each project and adherence to
stipulated norms, the interest is fully waived. An
amount of Rs.232 crore was disbursed by the
Corporation against sanction of Rs.1116 crore during
the year 2003-04 under these schemes. The
implementing states have reported electrification of
119 villages, 5206 dalit bastis and 2965 hamlets
during the year.
Debt Refinancing
Under Debt Refinancing Scheme, which came into
effect from 16th December 2002, loan assistance
of Rs.2062.48 crore was sanctioned during 2003-
04. The borrowers have drawn Rs.1671.83 crore
during this period.
System Improvement
Thrust on schemes for improvement of power
distribution network for reducing T & D losses and
improving the quality of power supply was continued.
During the year 2003-04, a total of 350 System
Improvement Schemes were sanctioned involving
loan outlay of Rs.3394.34 crore. This included
counterpart funding under Accelerated Power
Development & Reforms Programme (APDRP) of
Ministry of Power for 39 schemes involving loan
outlay of Rs.679.89 crore. The System
Improvement Schemes also include 94 schemes
involving a loan assistance of Rs.997.46 crore for
financing sporadic investments in the distribution
system by way of installation of essential equipment
like transformers, capacitors, conductors, meters,
circuit breakers etc.
Generation Projects
Under its expanded mandate of financing of all power
projects, including transmission and generation, the
Corporation sanctioned 21 generation projects, with
a financial outlay of Rs.8033.78 crore, including
consortium financing with other financial institutions
during 2003-04. Cumulatively, till 31 st March 2004,
the Corporation has sanctioned 57 Hydro & Thermal
Generation projects involving financial assistance
of Rs.8799 crore. This will create additional
generating capacity of nearly 4365 MW to cater to
the needs of the nation.
Cumulative Performance of REC upto
31.3.2004
Over the last 35 years, REC has cumulatively
sanctioned Rs.63456 crore for 40696 projects
and disbursed Rs.37110 crore as on 31.3.2004
as financial assistance on relatively softer terms
to the SEBs, Electricity Departments of State
Government and other Power Utilities. Upto 31st March, 2004, 305064 villages have been reported
electrified and 8207482 pumpsets have
been reported energized under the projects
financed by REC.
Central Institute for Rural Electrification
(CIRE) of REC based at Hyderabad.
During the year 2003-04, REC’s Central Institute
for Rural Electrification (CIRE) located at
Hyderabad conducted 18 programmes, which
include 14 open programmes, 2 sponsored
programmes and 2 in-house programmes. The
training programmes are on Power Sector
Reforms, Power Purchase Agreement and
Information Technology for Power Sector, Trends
and Developments in Electricity Metering, pilferage
of Electricity- Technical and Legal Remmedies,
Power Transformers- Ensuring Optimum
Performance, Cyber Laws, Reliable & Energy
Efficient Distribution Transformers for Power
Utilities, Safety & Conservation, Upgradation of
Power Distribution Technologies and System
Improvement, Understanding Electricity
Regulation in India etc. Officers from State
Electricity Board, Regulatory Commissions and
various Distribution Companies took part in these
training programmes.
CIRE has also designed and organized two Special
Training Programmes On “Power Distribution
Management and Technologies” for the Engineers
of NESCL, sponsored by NTPC. These
programmes were of 12 days duration each and
34 participants took part in the programmes.
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