Report of Indian Institute of Public Administration ... - Ministry of Power

State Reports (Vol.-III)
Study on `Impact of Restructuring of SEBs’
EQUITY AND LOANS ALLOCATED TO THE DISCOMS
Particulars
Poorva
Kshetra
4.46
Paschim
Kshetra
(Rs. crore)
Madhya
Kshetra
Equity 317 533 316
PFC Loan 96 133 74
ADB Loan 45 45 45
REC Loan 154 80 101
Generic Loan (MPSEB) 252 494 316
In regard to generic loans of MPSEB, shown in the opening balance sheet of the
DISCOMs, MPERC has viewed that the nature of these loans and assets associated
with it have neither been disclosed nor identified. The Commission has also observed
that these loans of the MPSEB transferred to the DISCOMs will get adjusted with the
assets retained with MPSEB after the latter ceases its operations in the future.
4.1.5.2 Status of APDRP Funding
The APDRP financial status from 2002-03 shows that, for 48 projects, an outlay of Rs
663.20 crore has been approved. An amount of Rs 129.87 crore has been released by
the Central Government and Rs 184.90 crore has been utilised (including the counter
part funding). During the interaction, MPSEB brought out that their proposal for claim
of about Rs 200 crore for incentive component under APDRP in lieu of cash loss
reduction from the base year of 2000-01 has been shuttling between the Ministry of
Power and Ministry of Finance (Government of India) and the matter is yet to be
resolved. The intervention of Ministry of Power will be necessary for early release of
the amount due to the State.
Another apprehension mentioned is that RGGVY and APDRP do not cover the works
at voltage level of 132 kV and above, and extending the supply lines to remote
villages, especially under RGGVY will put additional burden on transmission system.
4.1.5.3 Rural Electrification
As per the earlier definition of village or rural electrification, the level of village
electrification in the State was 97 per cent. As per the new definition of village
electrification, the figure is 74 per cent. Household coverage in rural areas is about 37
per cent. The State Government is committed to electrify 100 per cent villages and to
cover all households by 2012. Under RGGVY, schemes for 48 districts, at an
estimated cost of Rs 3,100 crore, has been submitted to Rural Electrification
Corporation Limited (REC). Sanction has been received for 9 districts.