Power sector needs Rs 13.72 lakh cr for 12th Plan period

The country's power sector requires Rs 13.72 lakh crore in funding for the 12th Five-Year Plan (2012-17), the government said Monday.

Updated: Apr 30, 2012, 21:15 PM IST

New Delhi: The country's power sector requires Rs 13.72 lakh crore in funding for the 12th Five-Year Plan (2012-17), the government said Monday.

"The Working Group on Power for formulation of the 12th Five-Year Plan has estimated total fund requirement of Rs 13,72,580 crore for the power sector," Minister of State for Power K C Venugopal said in a written reply in the Rajya Sabha.

Of the total, power generation would require about Rs 6,38,600 crore while requirement for electricity distribution would be Rs 3,06,235 crore.

During the 2012-17 period, the capacity addition is expected to be around 76,000 MW. The target is yet to be finalised.

"During the 12th Five-Year Plan, the main sources of financing are commercial banks, public financial institutions, dedicated infrastructure/power finance institutions, insurance companies, overseas markets, bilateral/multilateral credit, bond markets and equity markets," Venugopal said.

According to him, the government has also taken steps to make funds available through credit enhancement schemes and infrastructure debt fund.

In a separate reply, Venugopal said that super critical capacity is likely to constitute about 50 percent of the total coal-fired capacity addition in the 12th Plan.

Units having 660 MW capacity and above are referred to as super critical.

"52 super critical units totalling to 35,290 MW are presently under construction in the country for commissioning during the 12th Plan and one unit of 660 MW has been commissioned in the 12th Plan," the Minister noted.

PTI