Friday, May 14, 2021

Implementation of power development programme irregular: Saryu

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Jamshedpur: Former Jamshedpur West MLA and senior Bharatiya Janata Party leader Saryu Rai has alleged that the state government and its electricity department, the Jharkhand State Electricity Board, have resorted to huge irregularities in the implementation of the ambitious project of the Government of India worth Rs 1150 crore, The Revised Accelerated Power Development and Reform Programme.

In a statement issued here on Thursday, Rai alleged that the implementation of the programme was not only being delayed but was also full of financial discrepancies. He said the irregularities existed in the implementation of the second phase of the said programme. He said a probe should be conducted into the irregularities and the guilty should be punished.

“The Ministry of Power, Government of India has introduced RAPDRP Scheme during 11th Five Year Plan as Central Sector Scheme. The Power Finance Corporation has been made Nodal Agency to operationalize the programme under the guidance of Ministry of Power. The scheme is proposed to cover urban areas; town and cities with population of more than 30,000 (as per 2001 census) and accordingly 30 such cities are coming in the area of jurisdiction of the Jharkhand,” said Rai.

He went on to add that the project under this scheme shall be taken in two parts. Part-A has a provision for establishment of reliable and automated system for collection of accurate baseline data and IT applications for energy accounting/auditing and IT based consumer service centre. The Part-B shall include regular distribution system strengthening projects.

For implementation of Part-A of the approved projects funds are provided through loan for the works within the scope of scheme from the Government of India on the terms decided by Ministry of Finance. The loan shall be converted into grant once the establishment of required system is achieved within three years from the date of sanction of the project.

Emphasizes on system strengthening through capacity augmentation and renovation & modernization of the system.For implementation of Part-B initially 25% fund for the project shall be provided through loan from the Government of India and the balance fund shall be raised from financial institution.

If the Company achievethe target of 15% AT&C loss on a sustained basis for a period of 5 years in the project area and the project is completed within the time schedule fixed by the steering committee (max. 5 years), up to50% loan against Part-B will be convertible into grant in equal trenches for 5 years starting at the latest one year after the yearin which the Part-A of the project area concerned is established andverified by independent agency appointed by Ministry of Power.

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