We plan to disburse Rs 75,000 crore worth of loan next fiscal: REC CMD P V Ramesh

We plan to disburse Rs 75,000 crore worth of loan next fiscal: REC CMD P V Ramesh

Rural Electrification has never been more in focus with the Modi government having intensified efforts at ensuring Power for All by 2020. State-run financier REC wants to utilize this opportunity to expand growth areas into non-traditional business segments, Chairman and Managing Director P V Ramesh told ETEnergyWorld in an exclusive interview. Edited excerpts..

Leaving No Stone Unturned: Goyal Announces New Scheme To Provide Electricity Connections For APL Families

The soft loans for APL and BPL connections will be over and above the ongoing loans that have been extended by the Centre under various ongoing RE schemes. This new additional loan by REC can be paid back by the states over 10-15 years and will be given at low interest rates, Union minister of state for power. From Consumers also, the same loan can be recovered over a long spread of time.

Leaving No Stone Unturned: Goyal Announces New Scheme To Provide Electricity Connections For APL Families

Rural Electrification Corporation (REC) is in the process of drawing up a scheme for extending long term basis soft loans to the States at a flat rate to achieve 100% household electrification across the States for both APL (Above the Poverty Line) & BPL (Below the Poverty Line) population.

17th State to Join UDAY scheme, Maharashtra to Get Rs 9,725 cr benefits

A Memorandum of Understanding (MOU) under UDAY was signed on October 7th between the power ministry (Government of India), the State of Maharashtra and the DISCOM of Maharashtra (MSEDCL).

17th State to Join UDAY scheme, Maharashtra to Get Rs 9,725 cr benefits

Maharashtra has become the 17th State to join the UDAY – “Ujwal DISCOM Assurance Yojana”, the Centre’s financial and operational turnaround scheme for state power distribution companies (DISCOMs). The move will see the state reap benefits of Rs 9,725 crores by way of cheaper funds, reduction in AT&C losses and enable it to eliminate the gap between cost of supply of power and realisation.

Clearing Myths On Rural Electrification JS, MoP, Dr A K Verma says, Awareness amongst the people of this country will drive states to deliver

States Are Crticising Because Centre’s Transparent Platform — GARV puts pressure on them to deliver timely and quality power to consumers, adds Dr Verma.

Clearing Myths On Rural Electrification JS, MoP, Dr A K Verma says, Awareness amongst the people of this country will drive states to deliver

Imagine if the GARV app was not there. In its absence and had we not put the information in the public domain, this criticism would not have probably even surfaced. So firstly it requires courage to go to the people. Transparency is the key to effective administration. All of us whether the Centre or states, are answerable and accountable to the people of this country, said Dr A K Verma

Report of first field audit is out. UP DISCOMs holding back power connections in 20 of the 25 villages of Hathras District

20 out of 25 electrified villages in Hathras District of UP being deprived of Electricity. Field surveys by Central Government reveals that No connections are being released by UP power department to the households in these villages.

Report of first field audit is out. UP DISCOMs holding back power connections in 20 of the 25 villages of Hathras District

The Samajwadi Party ruled state of Uttar Pradesh will have to do some tough answering for knowingly keeping its people in the dark and depriving them of electricity connections even after new infrastructure has been laid, tested and energised. People are seen resorting to unfair and illegal means by paying for connections from agriculture transformers.

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