Karnataka gets Rs 39 cr from REC to improve power utilities

KPCL to avail a debt of Rs 27,121 crore for generation projects and BESCOM to get Rs 12,000 crore for distribution projects in Karnataka

GN Bureau | February 14, 2017


#PSU   #power generation   #Karnataka   #KPCL   #REC  
Several agreements were signed between rural electrification corporation limited (REC) and Karnataka power corporation limited (KPCL) and Bangalore electricity supply company limited (BESCOM) for extending financial assistance of Rs 39,121 crore to the power utilities in the state for the next five years.
 
As per the MoU, KPCL can avail a debt of Rs 27,121 crore for generation projects and other loan requirements. Whereas, BESCOM can avail a debt of Rs 12,000 crore for implementation of distribution projects in Karnataka for strengthening, augmenting, upgrading distribution infrastructure, sub-transmission system, new distribution, under-ground cabling works and R&M works among many others.
 
Apart from financial assistance, power utilities have agreed to avail consultancy and management services from REC’s subsidiaries for their various projects for the next five years.
 

Comments

 

Other News

Terror funding through cross LoC trade in Valley unearthed

Much before the National Investigating Agency (NIA) had arrested seven Hurriyat leaders on Sunday in connection with the funding of terror activities in Kashmir, the agency had unearthed a racket involving undervaluation of the goods coming from the Pakistan occupied Kashmir for trade in Jammu and Kashmir

Key to India’s success is its diversity: President Kovind

“The key to India’s success is its diversity,” said Ram Nath Kovind after being sworn-in as president at the Central Hall of parliament on Tuesday.   “Our diversity is the core that makes us so unique. In this land we find a mix of states and regions,

AAI signs MoU with Uttarakhand govt to strengthen civil aviation

The Airports Authority of India (AAI) has signed an agreement with Uttarakhand government and Uttarakhand Civil Aviation Development Authority (UCADA) to develop the civil aviation sector in the state.   The agreement is aimed to identify relevant factors influencing the deve

Agreements signed to purchase 1050 MW of wind power

Union minister of state for power, coal, new and renewable energy and mines, Piyush Goyal was present at the signing of power purchase agreements (PPAs) for purchase of 1050 MW of wind power under the ministry of new and renewable energy’s (MNRE) first wind auction scheme.  

Timely delivery

Government projects typically suffer from time overrun and cost overrun. There appears to be no project management discipline, and extension of time and escalation of cost rarely attract the kind of serious attention they should. There is no system of fixation of accountability for these substantial deviat

Do you think driverless cars would lead to unemployment in India?

Do you think driverless cars would lead to unemployment in India?





Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter