Andhra undertakes power reforms
08 Feb 2021
2 Min Read
CW Team
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
4th Indian Cement Review Conference 2021
17-18 March
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鈥檚 ambitious solar plants
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鈥檚 ambitious solar plants
Image Source
Next Story
Blum India brings Design Reverie to Hyderabad
Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city鈥檚 architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals鈥攁way from the typical conference setup. The eveni..
Next Story
Hafele launches Platinum Studio in Nagpur
Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director 鈥� HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele鈥檚 wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele鈥檚 full portfolio鈥攊ncludi..
Next Story
Truflo by Hindware wins GPTW honour again
Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India鈥檚 fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..
