POWER

Discoms to submit proposals for Rs 3.03 lk cr scheme by December 31: Power Minister

The government has extended the deadline to states for enrolling into the Rs 3.03 lakh crore revamped electricity distribution scheme by two additional months to December 31, power minister R K Singh said on Friday. The scheme guidelines issued last week asked state power distribution companies to apply for participating in the scheme by October 31.

The deadline for detailed project reports (DPRs) submission would be December 31 2021 and no submission beyond that deadline would be accepted, Singh said at a review meeting with state power ministers.

The action plans and DPRs need to be formulated by the discoms in consultation with ministry of power REC and Power Finance Corp (PFC). The distribution utilities will indicate specific activities and reforms required to improve their performance as part of the action plans.

Singh said that the target of the scheme is to bring down the Aggregate Technical and Commercial Losses (AT&C Losses) to 12-15% at the All India level and bringing down the gap between Average Cost of Supply (ACS) and Average Revenue Realised (ARR) to zero by 2024-25.

Source
ET News
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