thermal power development - Infraline

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Central electricity authority Annual Report 2009-10 S. No. Name of State Extension accorded upto 1. Bihar 15.03.2010 2. Himachal Pradesh 15.06.2009* 3. Jharkhand 15.03.2010 4. Kerala 31.03.2010 5. Meghalaya 31.03.2010 6. Punjab 15.02.2010 7. Tamil Nadu 15.03.2010 *Request for extension not yet received Besides the above, in eight States, viz. J&K, Goa, Sikkim, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Tripura, all matters relating to generation, transmission and distribution of electricity are managed by the respective Power Departments/ Energy Department. The Electricity Act, 2003 is silent about State Power Departments. However, the State of Tripura (15 th State- apart from the 14 States where SEBs have been reorgainsed) has created Tripura State Electricity Corporation Limited (TSECL) as a single Corporation to look after generation, transmission and distribution, trading and SLDC operations. In addition there are six Union Territories (except Delhi) viz. Chandigarh, Puducherry, Lakshadweep, Andaman & Nicobar Island, Daman & Diu and Dadra & Nagar Haveli, which are having their own Power Department. 9.10 National Electricity Fund The creation of National Electricity Fund (NEF) was announced in the Finance Minister’s Budget Speech of Financial Year 2008-09. The objective of the NEF is to provide financial support to the State Power Utilities (SPU) for improving their Transmission & Distribution infrastructure. A Committee constituted under the chairmanship of Member (Power), Planning Commission considered various aspects of establishing the NEF. The Terms of Reference of the Committee are as follows:- • Propose a structure to mobilise funds needed and arrangements for making it available to State Governments. • Suggest other modalities under which the funds would be disbursed to the States and <strong>power</strong> utilities. The following are the reasons to setup NEF: • The focus of investment has been primarily towards generation; • Commensurate investment not being made in T&D; • State Power Utilities (SPU) neither have requisite financial resources nor have adequate borrowing capacity; • The lenders perceive distribution projects of comparatively high risk; • Borrowing at commercial rates by SPU from FIs, Banks, NBFCs, etc. for different schemes may be difficult; • Returns linked to AT&C losses • Level of reduction in AT&C losses may not be sufficient to service the debt. The MoP have proposed to bridge this gap by 45% loan from NEF, 45% from counterpart loan from PFC/REC and 10% equity from SPU. The mobilization of funds for NEF has been proposed from multi-lateral agencies like World Bank, ADB and also from disinvestment of Power Sector CPSEs. For counter-part funding by PFC/REC, mobilization of funds has been proposed through a small fraction of India’s foreign exchange reserves to be allocated by RBI to PFC/REC, SLR status to bonds issued by PFC/REC, Capital Gain Bonds to PFC/REC and External Commercial Borrowings (ECB). Following issues need to be resolved in the process of setting up the NEF: “Energy Saved is Energy Generated” 103
Central electricity authority Annual Report 2009-10 • The Plan scheme for interest subsidy may be extended to loans from the banking sector and other financial institution rather than restricting the subsidy only to loans taken from PFC & REC. • The interest subsidy scheme be initially made applicable only for distribution work. • Only non-Restructured Accelerated Power Development and Reforms Programme (R-APDRP) projects and schemes be made eligible under NEF. PFC shall be the Nodal Agency to process the claim for subsidy received from various financial institutions including commercial banks and would also prepare terms and conditions for release of interest on subsidy amount. 9.11 Monitoring of National Electricity Policy-2005 As per the provisions of Section 3 of the Electricity Act, 2003, the Central Government is required to prepare the National Electricity Policy and Tariff Policy in consultation with the State Governments and the Central Electricity Authority. The Central Government may also, from time to time, in consultation with the State Governments and the Authority review or revise the National Electricity Policy and Tariff Policy so prepared. CEA decided to monitor the State-wise progress on actionable points contained in the National Electricity Policy. CEA identified actionable points in the NEP and sent a questionnaire to all State Governments. Responses were received from 23 States. A meeting was also called to confirm and update the status of States of Northern Region on 8 th September, 2009. These were tabulated and uploaded on CEA website. Brief findings are listed below:- i. Grid Code: As per the National Electricity Policy, the SERCs were required to notify ii. iii the Grid Code under the Electricity Act, 2003 not later than September 2005. Out of the 22 respondent States with SERCs, only Madhya Pradesh had notified the Grid Code within the required time period. Independent functioning of SLDCs: NEP has called attention to the fact that the spirit of the provisions of the Electricity Act is to ensure independent system operation through the Load Despatch Centres. However, no timeline for independent operation of SLDCs has been laid down in NEP. It is seen that SLDCs are still being operated by the State Transmission Utility in each of the respondent States. While some States have established SLDCs that are separate from the point of view of accounting and budgeting, operationally they continue to function under the State Transmission Utility. Initiation of Energy Audit and Declaration of Results: A time-bound programme had to be drawn up by the SERCs for segregation of technical and commercial losses through energy audits. Energy accounting had to be conducted in each defined unit as determined by SERCs and its results had to be declared not later than March 2007. The responses received so far show that most of the discoms have only initiated action on energy audits. On the whole, however, results of Energy Audit have yet to be declared. Five States have reported that they have not yet initiated work related to energy audits. Some States have also reported that while they are taking work on energy audits, they are not yet in a position to undertake segregation of technical and commercial losses. iv. Open Access Charges: Charges related to open access on transmission and cross subsidy surcharge for users of the distribution system have been fixed by the SERCs in 104 “Electricity is life: Conserve it.”
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