The state government has agreed to extend equity support of Rs 4,071 crore to Andhra Pradesh Power Generation Corporation (APGENCO) for its proposed 800 MW units at Vijayawada, Kothagudem and Krishnapatnam thermal power plants.
At the same time, the government is also providing annual subsidy of a whopping Rs 5,000 crore to the power utilities for providing satisfactory power supply to consumers.
Addressing inaugural session of three-day seminar on “Commercial Aspects of Managing Power Utilities” here on Wednesday, principal secretary (energy) M Sahoo said that the State government was prepared to face any challenge in providing satisfactory power supply to all categories of consumers by strengthening power sector both financially and technically.
Besides making efforts to optimise the generation, the power utilities, as a shortterm measure, have finalised tenders and entered into agreements with various power producers for procurement of power around 1,300 MW per month till May 2013.
Sahoo said that similarly, under medium-term strategy, the Discoms were in the process of purchasing of around 2,000 MW power from June, 2013 to June, 2016 by forecasting the future requirements of the electricity consumers
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