Andhra undertakes power reforms
POWER & RENEWABLE ENERGY

Andhra undertakes power reforms

Andhra Pradesh became the second state after Madhya Pradesh to undertake the power sector reforms stipulated by the Department of Expenditure (DoE), Ministry of Finance (MoF) and has been granted permission to mobilise Rs 9,190 crore for undertaking reforms in four citizen-centric areas.

Starting from September 2020, the state has started Direct Benefit Transfer (DBT) of electricity subsidy to farmers, as part of the reforms. The state successfully implemented one of the three stipulated reforms in the power sector.

Power sector reforms stipulated by the MoF aim to create a transparent and hassle-free provision of power subsidy to farmers and prevent any leakages. The reforms also aim to improve the health of power distribution companies by alleviating their liquidity stress in a sustainable manner.


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


The power sector reforms include:

  1. Implementation of the direct benefit transfer (DBT) scheme in the electricity sector for better targeting of subsidies
  2. Promoting retail competition and instilling financial discipline among state-owned electricity distribution companies (discoms)
  3. Liquidity infusion of up to Rs 90,000 crore to help discoms service overdue payments

Successful implementation of the reform has made Andhra Pradesh eligible to mobilise additional financial resources equivalent to 0.15% of its Gross State Domestic Product (GSDP). Accordingly, the DoE granted permission to the state to raise additional borrowing of Rs 1,515 crore.

Madhya Pradesh has also undertaken power sector reforms. Accordingly, the state was given permission for additional borrowing of Rs 1,423 crore, equivalent to 0.15% of its GSDP between January 2020-21.

Previously, a memorandum of understanding (MoU) was signed between the Ministry of Power (MoP), Government of India and Gujarat Government to affirm the joint commitment of the parties to reform the power sector in Gujarat and to set out the reform measures of Gujarat under the Accelerated Power Development Program (APDP) of Government of India.

Also read: Under-Rs 2.50 bids mark Andhra’s ambitious solar plants

Image Source

Andhra Pradesh became the second state after Madhya Pradesh to undertake the power sector reforms stipulated by the Department of Expenditure (DoE), Ministry of Finance (MoF) and has been granted permission to mobilise Rs 9,190 crore for undertaking reforms in four citizen-centric areas. Starting from September 2020, the state has started Direct Benefit Transfer (DBT) of electricity subsidy to farmers, as part of the reforms. The state successfully implemented one of the three stipulated reforms in the power sector. Power sector reforms stipulated by the MoF aim to create a transparent and hassle-free provision of power subsidy to farmers and prevent any leakages. The reforms also aim to improve the health of power distribution companies by alleviating their liquidity stress in a sustainable manner.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info The power sector reforms include: Implementation of the direct benefit transfer (DBT) scheme in the electricity sector for better targeting of subsidies Promoting retail competition and instilling financial discipline among state-owned electricity distribution companies (discoms) Liquidity infusion of up to Rs 90,000 crore to help discoms service overdue payments Successful implementation of the reform has made Andhra Pradesh eligible to mobilise additional financial resources equivalent to 0.15% of its Gross State Domestic Product (GSDP). Accordingly, the DoE granted permission to the state to raise additional borrowing of Rs 1,515 crore. Madhya Pradesh has also undertaken power sector reforms. Accordingly, the state was given permission for additional borrowing of Rs 1,423 crore, equivalent to 0.15% of its GSDP between January 2020-21. Previously, a memorandum of understanding (MoU) was signed between the Ministry of Power (MoP), Government of India and Gujarat Government to affirm the joint commitment of the parties to reform the power sector in Gujarat and to set out the reform measures of Gujarat under the Accelerated Power Development Program (APDP) of Government of India. Also read: Under-Rs 2.50 bids mark Andhra’s ambitious solar plants Image Source

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?