Power is a critical infrastructure for economic growth.
The economic acceleration would greatly depend upon a commercially viable power sector
that is able to attract fresh investments. However, the financial health of State Electricity Boards
(SEBs) become a matter of grave concern considering that their losses have reached an alarming level
of Rs.26,000 crores during 2001-00,which was equivalent to about 1.5% of GDP.
Accelerated Power Development Programme (APDP) had been undertaken from the year 2000-01
as a last means for restoring the
commercial viability of the Distribution Sector.
|
|
|
Since incentive financing is proposed to be integrated with the existing investment
programme to achieve commercial viability of SEBs / Utilities and link it to the reform process,
the original APDP was rechristened to Accelerated Power Development & Reforms Programme (APDRP)
during 2002-03 for 10th five year plan.
|
The objectives of APDRP are:
Improving financial viability of State Power Utilities
Reduction of AT & C losses
Improving customer satisfaction
Increasing reliability &quality of power supply
The scheme has two components as below:
- Investment component – Government of India provides
Additional Central Assistance for strengthening and up gradation of
sub-transmission and distribution network. 25% of the project cost is
provided as Additional central plan assistance in form of Grant to the
state utilities. To begin with the Govt. also provided loan to the tune
of 25% of the project cost. However in accordance with the recommendation
of 12th finance commission, the loan component has been discontinued
from FY 2005-06. Now utilities have to arrange remaining 75% of the
project cost from FIs like PFC/REC or their resources. Special category
state (like NE states, J&K, H.P, Uttaranchal and Sikkim) are entitled
for 90% assitance in form of grant and balance 10% fund they have to
arrrange.
- Incentive component - An incentive equivalent to 50% of the
actual cash loss reduction by SEBs/ Utilities, is provided as grant.
The year 2000-01 is the base year for the calculation of loss reduction,
in subsequent years. The cash losses are calculated net of subsidy and
receivables.
Funds Released
The details of the cash loss reduction and incentives released to various
states under APDRP are as below:(As on 31 March 2008)
| Sl. No. |
State |
Claim Year |
Incentive Amount Recommendedfor
released to MoF |
Amount Released by MoF |
| 1. |
Andhra Pradesh |
2002-03 |
265.11 |
265.11 |
| 2. |
Gujarat |
2001-02 |
236.38 |
236.38 |
| 2002-03 |
148.08 |
148.08 |
| 2003-04 |
366.82 |
366.82 |
| 2004-05 |
288.03 |
288.03 |
| 3. |
Haryana |
2001-02 |
105.49 |
105.49 |
| 4. |
Kerala |
2002-03 |
64.94 |
64.94 |
| 2004-05 |
82.99 |
82.99 |
| 5. |
Madhya Pradesh |
2002-03 |
297.61 |
297.61 |
| 6. |
Maharashtra |
2001-02 |
137.89 |
137.89 |
| 7. |
Rajasthan |
2001-02 |
137.71 |
137.71 |
| 8. |
West Bengal |
2002-03 |
73.00 |
73.00 |
2003-04 |
302.76 |
302.76 |
2004-05 |
5.88 |
5.88 |
2005-06 |
115.10 |
115.10 |
| 9. |
Punjab |
2003-04 |
251.94 |
251.94 |
| Total |
2879.63 |
2879.63 |
Schemes undertaken under APDRP are for renovation and modernisation of
sub-stations, transmission lines & distribution transformers, augmentation
of feeders & transformers, feeder and consumer meters, high voltage
distribution system (HVDS), consumer indexing, SCADA, computerised billing
etc.
|
