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Power sector : Odisha gets Rs 106 cr loan from PFC towards R-APDRP


Chinmaya Dehury
Bhubaneswar, May 8:

The Odisha government has received Rs 105.65 crore as loan from Power Finance Corporation (PFC) for implementation of Restructured Accelerated Power Development and Reform Program (R-APDRP) in Central Electricity Supply Utility (CESU) area in the state.

The fund will be spent under part-I of the R-APDRP in the state. The PFC has sanctioned a loan of Rs 105.65 crore that includes Rs 31.69 crore for 2014-15, Rs 31.69 crore for 2015-16 and Rs 42.27 crore for 2016-17, said sources in the Energy department.

(source: tradearabia.com)
(source: tradearabia.com)

It may be noted here that the Union Power Ministry has approved the project proposal worth nearly Rs 600 crore, under the R-APDRP scheme, to be implemented in two phases. The phase-I programme is estimated to cost Rs 186 crore, while the projects sanctioned for the second phase is worth Rs 410 crore.

Under the proposal, Odisha government will sign a quadripartite agreement with the Power Ministry, the PFC and CESU for release of funds from the Centre.

The R-APDRP scheme aims at developing baseline data and IT applications for energy accounting and auditing, renovation and modernization sub-transmission system (11 kv level and below), load bifurcation, feeder separation, aerial bunching of conductors in dense areas and replacement of electromagnetic energy meters with tamper proof electronics meters.

The urban centres which will benefit under the scheme include Bhubaneswar, Cuttack, Angul, Dhenkanal, Jagatsinghpur, Kendrapara, Paradip, Khurda, Nayagarh and Puri.

At the moment, CESU is in the process of finalizing project reports for the up-gradation and strengthening of distribution networks in 12 major towns in its area of operation in Odisha.

The loan will be converted into grant after establishment of the required base-line data system within a stipulated time frame and duly verified by a third party independent evaluation agency (TPIEA).

The Centre will also provide loan up to 25% for the second phase program, which includes strengthening of distribution networks.

The entire loan amount from the Centre will be routed through the PFC, with the counterpart funding also done by PFC, as per its prevailing policy.

Meanwhile, the Odisha government has constituted a 10-member steering committee headed by the chief secretary for implementation of the scheme in the state.