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AP power sector to get ₹ 6,600 crore from Centre in two tranches

AP power sector to get ₹ 6,600 crore from Centre in two tranches January 26, 2021 Centre lauds State’s direct benefit transfer scheme for free power to farm sector The Union government has extended financial support of ₹ 6,600 crore under the Atmanirbhar Loans to Andhra Pradesh power utilities and directions have been given to release ₹ 3,300 crore under the second trench, according to Srikant Nagulapalli, AP Energy Sector. Speaking at the 72 nd Republic Day celebrations, he said that the Centre will release second tranche of ₹3,300 crore and it has earlier released ₹3,300 crore under Tranche-I of the scheme. The Secretary said that the Union Power Ministry had expressed happiness over the power sector interventions in AP and congratulated Chief Minister YS Jagan Mohan Reddy for his initiative to introduce the direct benefit transfer scheme for free power to agriculture sector.

Liquidity infusion in DISCOMS

Liquidity infusion in DISCOMS I t is a matter of great satisfaction that the Rs. 90000 crore liquidity infusion into cash starved DISCOMS of the country under The Atmanirbhar Bharat Abhiyan Scheme as announced by the Union Finance Minister is being availed of by the Union Territory to bail out Jammu and Kashmir Power Development Department of its mounting power liability of Rs.11025 crore. Although the scheme is primarily helping those distribution companies (DISCOMS) which faced demand slump due to the unprecedented crisis of COVID-19 pandemic to pay off their outstanding liabilities, the liabilities outstanding against the Jammu and Kashmir PDD and allied power agencies are fundamentally on account of non – realisation, delayed realisation, staggered realisation and even less realisation of power tariff from the consumers. However, the loan assistance was going to vastly help the UT of Jammu and Kashmir in squaring off its huge power liabilities. The preliminaries in respect of

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