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

State Reports (Vol.-III)
Study on `Impact of Restructuring of SEBs’
Funds required for Rs crore Funds utilised from Rs crore
Provision for unserviceable stores 32 ED Payable to Government [B] 36
Deferred costs, other assets 3
Accumulated losses 17
Total funds required 3,038 Total funds utilised 3,038
Restructuring support from Government of Rajasthan [A +B] 1,698
FINANCIAL COMMITMENT TAKEN BY THE GOVERNMENT IN
RESTRUCTURING
The amount of financial commitment taken by Government of Rajasthan has been
elaborated in the updated FRP. Total subsidy of Rs 8,400 crore by 2011-12 will be
provided by the State Government, which includes cash subsidy of Rs 3,400 crore
apart from retention of electricity duty and differential interest subsidy on World Bank
loan.
MODALITIES OF GOVERNMENT SUPPORT (FOR THE YEAR 2004-05)
(Rs crore)
Equity 348.00
Guarantees 532.40
Subsidy 1,069.04
Loans 327.00 (Interest-free loan)
APDRP incentive NIL
Adjustment of stamp duty 10.25
ROADMAP PREPARED AND PUBLICISED FOR IMPLEMENTATION OF
REFORMS
An MoU was executed by the State Government with the Government of India on 23
March 2001 to affirm the commitment of the parties to reform the power sector in the
State. The process of reform is closely monitored by Government of India and
adherence to the roadmap to reform process with reasons of slippage is regularly
appraised.
ROLE OF THE STATE GOVERNMENT IN THE REFORM PROCESS IN
THE POWER SECTOR
The power sector reform process in Rajasthan is accorded the highest priorities by the
State Government. The sector review meetings are convened at least once every 15
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