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Country reels under power shortage: Shinde

By Staff
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Google Oneindia News

New Delhi, Aug 13 (UNI) Power Minister Sushil Kumar Shinde today said that there is an overall deficit of power in the country which has witnessed a peak shortage of 13.4 per cent at 13,686 MW in July 2007.

The working group on power for the eleventh plan (2007-12) based on certain assumptions have estimated a total fund requirement of about Rs 10,31,600 crore for the power sector as whole.

For creation of projected capacity addition, fund requirement has been assessed at about Rs 4,10,900 crore by the working group.

In a written reply to a question in the Rajya Sabha, the Minister said out of the proposed capacity addition of about 78,500 MW, 1,870 MW has already been commissioned and another 50,975 MW is under construction.

''Power Finance Corporation (PFC) and Rural Electrification Corporation have geared up to mobilise funds to ensure that viable projects do not suffer for want of funds.'' To facilitate finance in private sector projects, an Inter Institutional Group, comprising of private sector projects, the developers have to make arrangements from their internal resources, Mr Shinde said.

For meeting the equity requirements in respect of central and state sector projects, public sector undertakings have to make arrangements from their internal resources or budgetary support, the Minister added.

''With the projected capacity in place and through energy conservation measures, the gap between demand and supply of electricity is likely to be bridged gradually during the course of the 11th plan,'' Mr Shinde said.

UNI

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