POWER FINANCE CORPORATION


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RESTRUCTURED-ACCELERATED POWER DEVELOPMENT AND REFORMS PROGRAMME
Power generation requires massive investments. Financial viability of power sector depends on efficient distribution system. The government-run Power Finance Corporation has taken a number of steps to reform the sector make it financially viable. Under the Restructured-Accelerated Power Development and Reforms Programme (R-APDRP) it aims to reduce technical and commercial losses on sustainable basis through IT-enabled systems. The scheme has been designed to give impetus to enabling IT in the distribution sector on an integrated platform. The implementation of the scheme, with high technology interventions, is in advance stage. So far 672 towns have been declared ‘ Go Live’ and energy audit reports are being generated. Under Part-B of the project, schemes worth Rs 32, 216 crore in 1,259 towns spread over 27 states have been sanctioned. Work has been completed in 168 towns.