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

Rajasthan
• Private sector participation in electricity distribution in a phased manner through
conversion into joint venture companies; and
• Improvements in the transmission and distribution networks through World Bank
assisted projects.
Rajasthan Power Sector Reforms Act
Rajasthan Power Sector Reforms Bill, 1999 was approved by the State Legislature on
25 September 1999 and came into force w.e.f. 1 June 2000.
PROCESS OF RESTRUCTURING
With the notification of the Rajasthan Power Sector Reforms Transfer Scheme 2000,
on 19 July 2000, the assets, liabilities and personnel of the RSEB were transferred to
the following newly formed companies:
• A generation company (RRVUN);
• A transmission company (RRVPN); and
• Three distribution companies, namely:
o Jaipur Vidyut Vitaran Nigam Ltd (VVNL);
o Ajmer VVNL; and
o Jodhpur VVNL.
Chronology of major events in the process is as under:
Reform Policy Statement May 1999
Reform Bill passed September 1999
Regulatory Commission set–up January 2000
Single Stage Restructuring of RSEB
July 2000 (GENCO,
TRANSCO and 3
DISCOMs)
First set of Tariff Orders issued by RERC March 2001
MoU signed between Ministry of Power and Government of
Rajasthan
March 2001
World Bank Loan of $180 million effective March 2001
Revised Financial Restructuring Plan (FRP) approved August 2003
Updation of Revised FRP November 2005
6.3