Business Daily from THE HINDU group of publications
Friday, May 9, 2008 ePaper | Mobile/PDA Version
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Business Daily from THE HINDU group of publications Friday, May 9, 2008 ePaper | Mobile/PDA Version |
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Update at 1630 hrs (IST)
Industry Revised APDRP soon NEW DELHI: The Government on Friday said soon it is going to introduce the revised Accelerated Power Development and Reforms Programme (APDRP). "The APDRP Phase-II would be ready very soon," Mr Anil Razdan, Power Secretary, said here. The new Rs 50,000-crore APDRP scheme plans to bring the aggregate technical and commercial (AT&C) 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," Mr Razdan said. According to the power ministry, overall AT&C 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 AT&C 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. The Finance Minister, Mr P Chidambaram has earmarked an annual budgetary support of Rs 800 crore under th e APDRP scheme in the Union Budget 2008-09. - PTI
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