Govt extends deadline for Rs 3.03 lakh cr schemes by December 31
POWER & RENEWABLE ENERGY

Govt extends deadline for Rs 3.03 lakh cr schemes by December 31

The government has extended the deadline to state power distribution companies (discom) for submitting proposals for revamped electricity distribution schemes worth Rs 3.03 lakh crore by December 31.

State power distribution companies (discoms) apply to participate in the scheme by October 31, as per the guidelines issued last week.

Minister of Power R K Singh told the media that the detailed project reports (DPRs) submission deadline would be December 31, 2021, and no submission will be accepted, beyond that deadline.

In discussion with the ministry of power Rural Electrification Corporation (REC) and Power Finance Corp (PFC), discoms need to formulate the action plans and DPRs. As part of the action plans, the distribution utilities will show specific activities and reforms needed to enhance their performance.

By 2024-25 the scheme targets the Aggregate Technical and Commercial Losses (AT&C Losses) at the all India level to 12-15% down and bringing down Average Cost of Supply (ACS) and Average Revenue Realised (ARR) gap to zero, Singh said.

He said the scheme envisions the utilisation of Artificial Intelligence (AI) and Information Technology (IT) for system-generated energy accounting to facilitate energy audit and modernisation of distribution infrastructure for loss reduction and enhancement of power supply quality and reliability.

As many as 3,875 Supervisory Control And Data Acquisition (SCADA) systems to be set up, in smaller towns, and 100 distribution management systems to be set up, in the bigger towns and cities under the scheme.

Discoms would be able to take up works associated with aerial bunch cabling, underground cabling, and high voltage distribution systems installation. The scheme also provides for the separation of agricultural feeders and the separation and solarisation of agricultural feeders.

Image Source


Also read: Govt issues detailed guidelines to revamp discoms

Also read: Ministry of Power announces ninth yearly ratings for state discoms

The government has extended the deadline to state power distribution companies (discom) for submitting proposals for revamped electricity distribution schemes worth Rs 3.03 lakh crore by December 31. State power distribution companies (discoms) apply to participate in the scheme by October 31, as per the guidelines issued last week. Minister of Power R K Singh told the media that the detailed project reports (DPRs) submission deadline would be December 31, 2021, and no submission will be accepted, beyond that deadline. In discussion with the ministry of power Rural Electrification Corporation (REC) and Power Finance Corp (PFC), discoms need to formulate the action plans and DPRs. As part of the action plans, the distribution utilities will show specific activities and reforms needed to enhance their performance. By 2024-25 the scheme targets the Aggregate Technical and Commercial Losses (AT&C Losses) at the all India level to 12-15% down and bringing down Average Cost of Supply (ACS) and Average Revenue Realised (ARR) gap to zero, Singh said. He said the scheme envisions the utilisation of Artificial Intelligence (AI) and Information Technology (IT) for system-generated energy accounting to facilitate energy audit and modernisation of distribution infrastructure for loss reduction and enhancement of power supply quality and reliability. As many as 3,875 Supervisory Control And Data Acquisition (SCADA) systems to be set up, in smaller towns, and 100 distribution management systems to be set up, in the bigger towns and cities under the scheme. Discoms would be able to take up works associated with aerial bunch cabling, underground cabling, and high voltage distribution systems installation. The scheme also provides for the separation of agricultural feeders and the separation and solarisation of agricultural feeders. Image Source Also read: Govt issues detailed guidelines to revamp discoms Also read: Ministry of Power announces ninth yearly ratings for state discoms

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?