Progress


Seventh Steering Committee Approval

NEF 7th Steering Committee meeting held on 1st February-2016. Where in, the Steering Committee directed nodal agency (REC):
  • i) To reconcile the AT&C loss figures calculated under NEF with figures in yearly reports published by PFC in this regard.
  • ii) To review the non-starter projects covered under NEF and appraise the Steering Committee accordingly.

Sixth Steering Committee Approval

Steering Committee in the meeting held on 31.03.2015 has approved interest subsidy under NEF for the following discoms on compliance of eligibility parameters as per the guidelines.
Amount(Rs. in lakh)
Interest Subsidy for : FY 2012-13 Name of Independent Evaluator Interest Subsidy Amount as approved by Steering Committee in 6th Meeting Amount Disbursed under FY 2014-15 budget Balance disbursed under FY 2015-16 budget
Name of UTILITY
UPCL(Uttarakhand) ICRA(iMacs) 3.82 3.82
MPMKVVCL(Madhya Pradesh) E&Y 3.33 3.33
UHBVNL(Haryana) Deloitte 0.32 0.32
SUB-TOTAL 7.47 7.47 0
Interest Subsidy for : FY 2013-14
MPPoKVVCL(Madhya Pradesh) E&Y 74.82 18.49 56.33
JdVVNL(Rajasthan) E&Y 227.18 16.39 210.79
UPCL(Uttarakhand) ICRA(iMacs) 263.26 30.81 232.45
UHBVNL(Haryana) Deloitte 178.59 26.84 151.75
SUB-TOTAL 743.85 92.53 651.32
GRAND TOTAL 751.32 100 651.32

Empanelment of Independent Evaluator

M/s ICRA Management Consulting Services Ltd (iMaCS), M/s PricewaterhouseCoopers Pvt Ltd (PWC) , M/s Deloitte Touche Tohmatsu India Private Limited & M/s Ernst & Young Private Limited (E&Y) have been empanelled as Independent Evaluator for NEF proposal.

Third Steering Committee Approval

Steering Committee has approved proposals worth Rs. 10742 cr. of Project loan from 9 states (11 discoms) during its meeting held on 19.02.2013 for coverage under NEF during FY 2012-13. Approval of Steering Committee has been communicated to utilities by REC.
SlNo. Name of Utility Loan Amount Considered for Coverage Under NEF
Rs.(in Cr.)
1   MSEDCL 5657.13
2   TSNPDCL 1646.61
3   APSPDCL 1147.54
4   APEPDCL 143.57
5   HPSEBL 314.75
6    MPMKVVCL 84.30
7   MPPoKVVCL 196.53
8   UPCL 125.99
9   UHBVNL 62.05
10   WBSEDCL 1124.43
11   CSPDCL 239.10
10742

Fourth Steering Committee Approval

Steering Committee has approved proposals worth Rs-6015.54 cr. of Project loan from 11 States (17 Discoms) during its meeting held on 07.08.2013 for coverage under NEF during FY-2013-14. Approval of Steering Committee has been communicated to utilities by REC.
SlNo. Name of Utility Loan Amount Considered for Coverage Under NEF
Rs.(in Cr.)
1   UHBVNL 587.30
2   DHBVNL 414.12
3   TANGEDCO 539.08
4   TSSPDCL 319.18
5   TSNPDCL 144.88
6   APSPDCL 411.93
7   WBSEDCL 757.38
8   AVVNL 275.20
9   JDVVNL 388.71
10   JVVNL 242.91
11   MESCOM 89.66
12   CESC 127.04
13   HESCOM 293.69
14   UPCL 245.62
15   TPDDCL 60.00
16   MGVCL 83.00
17    PSPCL 1035.84
6015.54

Fifth Steering Committee Approval

Steering Committee has approved proposals worth Rs-9649.24 cr. of Project loan from 9 States (15 Discoms) during its meeting held on 12.02.2014 for coverage under NEF during FY-2013-14. Approval of Steering Committee has been communicated to utilities by REC. With this approval, the provision of Rs. 25000 cr. project loan coverage under NEF has been exhausted.
SlNo. Name of Utility Loan Amount Considered for Coverage Under NEF
Rs.(in Cr.)
1    BESCOM 2564.05
2   CESC 324.66
3   HESCOM 620.58
4   JVVNL 410.06
5   JdVVNL 534.33
6   AVVNL 303.15
7   TSSPDCL 377.01
8   TSNPDCL 563.41
9   APSPDCL 539.44
10   MSEDCL 1877.84
11   BEST 405.19
12   HPSEBL 95.87
13   TANGEDCO 801.19
14   UHBVNL 65.18
15   CSPDCL 167.27
9649.23
News & Notice

Steering Committee in the 6th meeting held on 31.03.2015 has approved interest subsidy of Rs. 751.32 lakh under NEF
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Second workshop at Guwahati on operational guideline of National Electricity Fund Interest Subsidy Scheme was held on 25 July 2013, for all the Discom/Power department of North Eastern State (including Sikkim).
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Sensitization workshop was conducted in Chennai, Kolkata, Patna and Trivandrumfor their respective discomson Operational Guidelines
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Steering Committee has sanctioned proposals worth Rs. 10953.80 cr of capital loan from 8 states (11 discoms) during its meeting held on
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REC conducted Workshop in J&K for Power Department of the state on Operational Guidelines of National Electricity Fund-Interest Subsidy scheme on 22nd September, 2012.
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Sensitization workshop was conducted in Bhubaneswar on 24th September 2012 for Odisha Discoms on Operational Guidelines of National Electricity Fund- Interest Subsidy scheme.
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Workshop in Guwahati on Operational Guidelines of National Electricity Fund-Interest Subsidy scheme was held on 26th September,2012 for all North Eastern states including Sikkim.
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REC conducted a Presentation in Haryana for both the Discoms of the state on Operational Guidelines of National Electricity Fund-Interest Subsidy scheme on 1st October, 2012.
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Sensitization workshop was conducted in Shimla on 3rd October, 2012 for Himachal Pradesh Discom on Operational Guidelines of National Electricity Fund- Interest Subsidy scheme.
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Workshop at Bhopal on Operational Guidelines of National Electricity Fund-Interest Subsidy scheme was held on 5th October, 2012 for all the discoms of Madhya Pradesh.
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REC conducted Workshop in Gujarat for all the Discoms of the state on Operational Guidelines of National Electricity Fund-Interest Subsidy scheme on 12th October, 2012.
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