(a) whether only nine out of 57 promoters of private projects regarding power generation have mobilised the required money so far;
(b) if so, the action taken by the Government so far in regard to the remaining projects;
(c) the target fixed for the private sectors regarding power generation under Eighth Five Year Plan;
(d) whether this target has been achieved;
(e) if not, the reasons therefor; and
(f) the concrete steps being taken by the Government to achieve the target?
THE MINISTER OF STATE IN THE MINISTRY OF POWER ( SHRIMATI JAYAWANTI MEHTA )
(a): As per available information, out of a total of 57
private sector power projects accorded Techno-Economic Clearance (TEC) by the Central Electricity Authority (CEA), 15 projects
have achieved financial closure so far.
(b): The steps taken to ensure that these projects
achieve financial closure at the earliest include regular
monitoring of projects by the Crisis Resolution Group and Task
Force constituted by Ministry of Power so as to remove the
various bottlenecks, organising special Meetings with financial
institutions and concerned State Governments, etc., setting up of
Regulatory Commissions, Reforms and Restructuring of power
sector, 100% automatic approval of Foreign Direct Investments,
delegation of powers to the State Governments in regard to
environment clearance, etc.
(c) to (e): The target for capacity addition by private sector
power projects during the Eighth Five Year Plan (1992-97) was
2810 MW against which, a total capacity of 1430.4 MW could be
added. The foremost reason for shortfall in the planned capacity
addition has been the lack of investors confidence on account of
poor financial health of State Electricity Boards (SEB) and the
lack of the adequate security arrangements with the SEBs. The
other reasons include the unresolved issue in fuel linkages,
cancellation of projects by respective State Governments,
non-finalisation of different contracts such as Power Purchase
Agreement and Fuel Supply Agreement and non-seriousness among
some of the promoters of projects on the MOU (Memorandum of
Understanding) route.
(f): Does not arise since the said Plan is already
over.