THE MINISTER OF STATE IN THE MINISTRY OF POWER ( SHRIMATI JAYAWANTI MEHTA )
(a) : Yes, Sir.
(b) : A Statement indicating the profit/loss position of SEBs is at Annexure-I.
(c) & (d) : Most of the State Electricity Boards are not able to earn a minimum Rate
of Return (ROR) of 3% on their net fixed assets, as required under the Electricity
(Supply) Act, 1948. The SEBs collectively showed a negative Rate of Return (without
subsidy) of (-) 19% on capital during 1999-2000. The state-wise position on ROR is at
Annexure-II.
(e) : Eligibility criteria for providing financial assistance to the State Power Sector as
per PFC`s Operational Policy Statement consist of :
- Entity related criteria - Project/Scheme related criteria
The details of the scheme are given in Annexure III.
However, the criteria can be relaxed in the case of States entering into MOU with
the Government of India on power sector reforms. Further, the funding under the
Accelerated Power Development Programme is conditional on the beneficiary State
agreeing to undertake reforms.
(f) : The list of State Power Utilities which have committed to improve their
operational and financial health through OFAP is placed at annexure IV.
(g) : There is no proposal/case for cancellation of projects on account of non-
availability of guarantee from the Government of India or PFC.
ANNEXURE REFERRED TO IN REPLY OF PART (b) OF LOK SABHA UNSTARRED
QUESTION NO. 1096 TO BE ANSWERED ON 1.3.2001 REGARDING POWER FINANCE CORPORATION.
COMMERCIAL PROFIT/LOSS (without subsidy) (Rs. crore)
SEBs 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-2000 Actual Actual Actual Actual Actual Provi. (RE) (AP)
Andhra Pradesh -4 -23 -981 -1255 -939 -1376 -2263 -2703
Assam -205 -197 -255 -261 -225 -411 -306 -336
Bihar -280 -190 -189 -211 -442 -496 -514 -548
Delhi (DVB) -207 - 0 -578 -626 -760 -961 -794
Gujarat -519 -493 -550 -1003 -1069 -1274 -1440 -1498
Haryana -404 -507 -468 -554 -625 -765 -532 -502
Himachal Pradesh 2 -51 19 11 17 10 -33 -4
Jammu & Kashmir -225 -293 -347 -363 -507 -662 -643 -347
Karnataka -19 -2 -164 -502 -652 -331 -604 -365
Kerala -65 -75 -129 -183 -208 -199 -162 -451
Madhya Pradesh -493 -377 -594 -602 -464 -941 -1288 -1966
Maharashtra 162 189 276 -408 -92 -11 115 214
Meghalaya -8 -3 -21 -20 158 286 105 204
Orissa -85 -196 -136 -231 -344 -287 -405 -186
Punjab -626 -693 -681 -644 -606 -979 -1381 -1223
Rajasthan -260 -415 -412 -430 -269 -386 -577 -882
Tamil Nadu -258 -302 -2 -77 -257 -318 -885 -709
Uttar Pradesh -808 -1202 -1152 -1136 -1821 -1853 -1991 -2142
West Bengal -258 -231 -339 -322 -387 -492 -692 -675
Total -4560 -5060 -6125 -8770 -9357 -11246 -14458 -14913
ANNEXURE-II
ANNEXURE REFERRED TO IN REPLY TO PARTS (c) & (d) OF LOK SABHA
UNSTARRED QUESTION NO. 1096 TO BE ANSWERED ON 1.3.2001 REGARDING POWER FINANCE CORPORATION.
RATE OF RETURN ON CAPITAL (without subsidy) ( % )
SEBs 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-2000 Actual Actual Actual Actual Actual Provi. (RE) (AP)
Andhra Pradesh -0.20 -0.60 -22.30 -28.80 -21.80 -33.95 -50.15 -56.66
Assam -43.30 -47.30 -25.70 -32.10 -25.39 -38.88 -28.02 -29.39
Bihar -20.00 -12.70 -19.00 -12.90 27.57 32.66 35.29 34.36
Delhi (DVB) -26.20 NA NA -29.90 -27.75 -28.58 -32.52 -23.30
Gujarat -16.50 -14.60 -14.30 -24.90 -25.70 -27.83 -30.16 -34.51
Haryana -26.10 -31.20 -27.90 -31.80 -38.35 -47.79 -33.27 -31.34
Himachal Pradesh 0.50 -14.90 -2.50 2.60 3.34 1.58 -4.56 -0.48
Jammu & Kashmir -39.10 -50.10 -51.70 -48.20 -56.65 -60.00 -51.64 -24.07
Karnataka -2.00 -0.20 -11.40 -29.40 -36.16 -17.00 -27.09 -14.24
Kerala -11.40 -11.40 -17.90 -24.10 -19.11 -17.05 -9.44 -19.29
Madhya Pradesh -14.60 -9.60 -13.50 -14.30 -10.99 -23.04 -30.47 -48.18
Maharashtra 3.10 3.10 4.10 -5.30 -1.20 -0.14 1.37 2.22
Meghalaya -7.90 -4.00 -6.90 -9.60 74.92 140.68 48.84 89.27
Orissa -8.70 -13.50 -10.20 -21.50 -17.57 -14.85 -21.44 -8.61
Punjab -19.90 -20.90 -19.40 -21.10 -18.27 -33.21 -46.76 -29.93
Rajasthan -11.40 -17.90 -19.10 -16.00 -10.36 -13.81 -20.07 -21.92
Tamil Nadu -8.80 -9.70 -0.10 -1.90 -5.40 -5.23 -14.19 -11.01
Uttar Pradesh -16.70 -17.80 -12.20 -9.60 -14.09 -13.21 -13.47 -12.88
West Bengal -35.30 -29.70 -42.20 -56.10 -41.00 -45.34 -58.50 -45.26
Average : -12.70 -12.30 -13.10 -16.40 -14.67 -16.79 -58.50 -18.98
ANNEXURE-III
ANNEXURE REFERRED TO IN REPLY TO PART (e) OF LOK SABHA
UNSTARRED QUESTION NO.1096 FOR ANSWER ON 1.3.2001 REGARDING POWER FINANCE CORPORTION.
Details of schemes for providing financial assistance to the State Power sector as
per PFC`s Operational Policy Statement:
Entity related criteria:
? Availability of Exposure Limits as per PFC policy.
? The utilities should have achieved a minimum ROR on net fixed assets of 5% or Return on Equity of 12% for the year preceding to the immediately previous financial year; and
? The utility should not be in default to PFC.
Project/Scheme related criteria:
Financial assistance is provided to those projects/schemes which meet the
following criteria:-
? are techno-economically sound with Financial or Economic Rate of Return of not less than 12% (as may be applicable);
? are feasible and technically sound and provide optimal cost solutions for the selected alternative;
? are compatible with integrated power development and expansion plans of State/region/country;
? compliance to environmental guidelines, standards and conditions;
? schemes should have obtained the required clearances;
? schemes should have obtained the required clearances;
? all inputs required for the implementation and operation of the projects are tied up and proper procurement and implementation plans have been drawn up.
In case of environmental upgradation meter installation, load dispatch,
computerization and communication, R&D and non-conventional energy projects, the
rate of return of 12% i.e. (economic or financial) may not be insisted upon.
ANNEXURE-IV
ANNEXURE REFERRED TO IN REPLY TO PART (f) OF LOK SABHA
UNSTARRED QUESTION NO.1096 FOR ANSWER ON 1.3.2001 REGARDING POWER FINANCE CORPORTION.
SEBs
Punjab
Himachal Pradesh
Gujarat
Maharashtra
Madhya Pradesh
Tamil Nadu
Kerala
West Bengal
Assam
State Generating Corporations
OPGCL
OHPCL
TVNL
DPL
WBPDCL
BSHPCL
JKPDCL
RRVUNL
KPCL
State Transmission Corporation
GRIDCO
KPTCL
State Power Department
Manipur
Mizoram
Nagaland
Sikkim
J&K
Goa
Municipal Utility
BEST
Autonomous Entity
DVC
