Loan of Rs. 32.97 Crores sanctioned to UGVCL under Part-A of R-APDRP…..

 

 

The Government of India has launched a Scheme for implementation of Re-structured Accelerated Power Development & Reforms Programme (R-APDRP) during the XIth Five Year Plan as a Central Sector Scheme. Power Finance Corporation Limited (PFC) would be the Nodal Agency to operationalize the programme under the guidance of the Ministry of Power. Under R-APDRP, the Company has been sanctioned loan of Rs. 32.97 Crores (against the total project cost of Rs. 36.70 Crores) for 20 projects under Part-A which include establishment of reliable and automated systems for sustained collection of accurate base-line data and the adoption of information, infusion of technology in the areas of energy accounting, etc. The loan along with interest thereon shall be converted into grant once the establishment of the required system is achieved and verified by an independent agency appointed by Ministry of Power.

The twenty locations covered under Part-A of R-APDRP are - Mehsana City, Ahmedabad, Bavla, Deesa, Dehgam, Dholka, Himatnagar, Idar, Kalol, Kadi, Modasa, Palanpur, Patan, Radhanpur, Sanand, Sidhpur, Unjha, Vijapur, Visnagar, Viramgam

For the purpose, the Quadripartite Agreement has already been executed on 28-Aug-2009 by and between Ministry of Power (Govt. of India), Power Finance Corporation Ltd., Govt. of Gujarat and UGVCL. The other necessary documents have also been executed for implementation of the Projects.

 

 

 

 

 

 

 

 
 
 
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