Cabinet nod for Rs 32,612 cr power scheme

Image
Press Trust of India New Delhi
Last Updated : Nov 20 2014 | 10:40 PM IST
The government today approved Rs 32,612-crore scheme for strengthening of sub-transmission and distribution network in the urban areas.
"The Cabinet today gave its approval to Integrated Power Development Scheme (IPDS) with the objective of strengthening sub-transmission and distribution network in the urban areas, metering of distribution transformers in those areas," Union Ravi Shankar Prasad told reporters here after the Cabinet meeting.
The government also approved IT enablement of the distribution sector and strengthening of distribution network for completion of targets laid down under Restructured Accelerated Power Development and Reforms Programme (R-APDRP) till 2022 by carrying forward the approved outlay for R-APDRP to IPDS.
The IPDS will help in reduction in AT&C losses, establishment of IT enabled energy accounting or auditing system, improvement in billed energy based on metered consumption and improvement in collection efficiency.
The estimated cost of the scheme with the components of strengthening of sub-transmission and distribution networks, including metering of consumers in the urban areas is Rs 32,612 crore which includes the requirement of budgetary support from the government of Rs 25,354 crore over the entire implementation period.
The government approved scheme outlay of Rs 44,011 crore including a budgetary support of Rs 22,727 crore will be carried over to the new scheme of IPDS.
The process of sanction of projects shall commence immediately. After sanction of projects, contracts for execution of projects are to be awarded by states discoms or power departments. The projects shall be completed within 24 months from date of award.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 20 2014 | 10:40 PM IST

Next Story