Progress


Ninth Steering Committee Approval

Steering Committee in the meeting held on 13.02.2018 has approved interest subsidy under NEF for the following Utilities on compliance of eligibility parameters as per the guidelines.
Sl.No. Name of Utility Independent Evaluator Interest Subsidy Amount as approved by Steering Committee in 9th meeting (Rs. In Lakh)
Interest Subsidy : 2013-14
1 APEPDCL- Andhra Pradesh iMaCS 2.49
2 HPSEBL – Himachal Pradesh 0.00
Sub-Total (2013-14) 2.49
Interest Subsidy : 2014-15 iMaCS
3 APEPDCL- Andhra Pradesh 0.00
4 MESCOM - Karnataka5 111.38
5 CESC - Karnataka 638.11
6 AVVNL - Rajasthan 107.27
7 JVVNL - Rajasthan 1010.83
8 PSPCL - Punjab 0.00
9 TSSPDCL - Telangana 687.08
10 TUHBVNL - Haryana 0.00
Sub-Total (2014-15) 2554.67

Empanelment of Independent Evaluator

M/s ICRA Management Consulting Services Ltd (iMaCS), has been empanelled as Independent Evaluator for NEF proposal.

8th Steering Committee Approval

Steering Committee in the meeting held on 31.01.2017 has approved interest subsidy under NEF for the following Discoms on compliance of eligibility parameters as per the guidelines.
Name of UTILITY Name of Independent Evaluator Interest Subsidy Amount as approved by Steering Committee in 8th Meeting
Interest Subsidy : 2013-14 Rs. In Lakh
Agenda for approval of Eligible Interest subsidy for Chamundeshwari Electricity Supply Company Ltd. (CESC) Deloitte 95
Agenda for approval of Eligible Interest subsidy for Mangalore Electricity Supply Company Ltd. (MESCOM) Deloitte 16
Agenda for approval of Eligible Interest subsidy for Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) PWC Nil
Agenda for approval of Eligible Interest subsidy for Punjab State Power Corporation Limited (PSPCL) E&Y 98
Sub-Total (2013-14) 209
Interest Subsidy : 2014-15 Interest Subsidy
Agenda for approval of Eligible Interest subsidy for Bangalore Electricity Supply Company Ltd. (BESCOM) Deloitte 2187
Agenda for approval of Eligible Interest subsidy for Dakshin Haryana Bijli Vitran Nigam Limited (DHBVNL) Deloitte 332
Agenda for approval of Eligible Interest subsidy for Madhya Gujarat Vij Company (MGVCL) iMACS 50
Agenda for approval of Eligible Interest subsidy for Madhya Pradesh Poorv Kshetra Vidyut Vitran Company Limited (MPPoKVVCL) E&Y 165
Agenda for approval of Eligible Interest subsidy for Uttarakhand Power Corporation Ltd. (UPCL) iMACS Nil
Agenda for approval of Eligible Interest subsidy for West Bengal State Electricity Distribution Co. Limited (WBSEDCL) iMACS 1298
Sub Total (2014-15) 4032
GRAND TOTAL 4241
In addition to above, the Steering Committee in 8th meeting has also accorded Ex- Post Facto approval of Interest Subsidy proposals placed before 7th SC Meeting as per detailed below:
Sl.No. Name of Discoms Interest Subsidy for the period Interest Subsidy under NEF(Rs. lakh)
1 APSPDCL (Andhra Pradesh) 2013-14 843.49
2 TSSPDCL (Telangana) 2013-14 97.88
TOTAL 941.37

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)
Name of UTILITY Name of Independent Evaluator Interest Subsidy Amount as approved by Steering Committee in 6th Meeting
Interest Subsidy for : FY 2012-13
UPCL(Uttarakhand) ICRA(iMacs) 3.82
MPMKVVCL(Madhya Pradesh) E&Y 3.33
UHBVNL(Haryana) Deloitte 0.32
SUB-TOTAL 7.47
Interest Subsidy for : FY 2013-14
MPPoKVVCL(Madhya Pradesh) E&Y 74.82
JdVVNL(Rajasthan) E&Y 227.18
UPCL(Uttarakhand) ICRA(iMacs) 263.26
UHBVNL(Haryana) Deloitte 178.59
SUB-TOTAL 743.85
GRAND TOTAL 751.32

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

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

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
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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