पोस्ट करनेवाले : vishal_yours
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Equity Fund for Power Sector
While there is no concrete proposal at this stage for setting up of an Equity Fund/Asset Reconstruction Company for the stressed power projects, the proposal was discussed in the meeting held on 23rd June 2014 with the Banks and Financial Institutions. This was stated by Sh. Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) in a written reply to a question in the Lok Sabha today. The Department of Financial Services has since informed that SBI has been requested to examine the proposal further.
The Minister further stated that following Steps taken/ being taken by the Government to boost the power sector in the country are as follows:
(i) Acceleration in generation capacity addition during 12th Plan with a proposed target of 88,537 MW from conventional sources and about 30,000 MW from renewable energy sources.
(ii) Undertaking a massive programme for strengthening of inter-state and inter-regional transmission capacity for evacuation of power.
(iii) A new scheme has been announced in this year’s Budget for strengthening of sub-transmission and distribution networks and for segregation of agricultural feeders. This is in addition to the existing scheme of Restructured Accelerated Power Development Reforms Programme (R-APDRP), under which upgradation of existing distribution networks is taken up in collaboration with States.
(iv) Expeditiously resolving issues relating to environmental and forest clearances for power projects under implementation.
(v) Bridging the gap of indigenous coal availability through coal imports for increased generation by thermal plants.
(vi) Promoting energy conservation, energy efficiency and demand side management measures.
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