Finance HomeNational
Govt to introduce revised APDRP soon
Friday, May 09, 2008 17:52 [IST]
New Delhi: The government on Friday said that it is soon going to introduce the revised Accelerated Power Development and Reforms Programme.

"APDRP Phase-II would be ready very soon," Power Secretary, Anil Razdan, told reporters.

The new Rs 50,000-crore APDRP scheme plans to bring the Aggregate Technical and Commercial (ATC) losses to less than 15 per cent by the end of 11th Five Year Plan in the urban and high population density areas.

"We should also reduce the distribution losses to 10 per cent," Razdan said.

According to the Power Ministry, overall ATC losses are around 35 per cent against about 39 per cent in 2001-02.

The government had approved APDRP in March 2003 to accelerate distribution sector reforms.

Besides reducing ATC losses, the scheme seeks to bring commercial viability in the power sector and reduce outages and interruptions.

Under the scheme, the government provides 50 per cent central assistance for strengthening and upgrading sub-transmission and distribution network.
Finance Minister P Chidambaram has earmarked an annual budgetary support of Rs 800 crore under the APDRP scheme in the Union Budget 2008-09.
Source : PTI

 Post Your Feedback   
Name
Email ID
Comments
 Other Features
News today
Press Releases
Stock Research
Market Tools
Print this page
Mail this page
Archives

  
More Finance News
Oil prices ease in world trade
China inflation rises to 8.5 pc in...
Crude+currency heave equals sulking...
Jai Corp Q4 net up 85 pc at Rs...
Mercedes-Benz races on Indian roads
Paramount Group to invest Rs 1,100...
Airtel ties up with Apple to launch...
Vodafone in MTN play - co denies
Finnair goes gaga over Indian...
No shortage of oil in the market:...
Retailers for reverse logistics...
Sensex @11.30am: 16,663, down 74...
Crude shock, economic woes may...
‘More visas, more market...
Now, a fund house that rewards...
‘Value to market is more...
Plan your estate distribution heir...
Vishal Retail to raise Rs 2,400cr
Sri Lankan hotelier Aitken eyes...
'Big play only after digestion of...
Inflation to come down to 6%:...

    WORTH A CLICK
  Sarees
Baby Clothes
Jewellery
Bluetooth Headsets
Health & Fitness