Lok Sabha Question No. 906 (UNSTARRED), answered on 2021-12-02
Subject: Power Projects Financed by PFC and REC
Ministry: POWER
Asked by: Uttam Kumar Nalamada Reddy

## GOVERNMENT OF INDIA MINISTRY OF POWER

## LOK SABHA UNSTARRED QUESTION NO.906 ANSWERED ON 02.12.2021

## POWER PROJECTS FINANCED BY PFC AND REC

## 906. SHRI UTTAM KUMAR REDDY  NALAMADA:

Will the Minister of POWER be pleased to state:

- (a) the  details  of  amount  sanctioned  and  disbursed  by  Power  Finance  Corporation (PFC)  and  Rural  Electrification  Corporation  (REC)  for  power  and  irrigation projects  to various State Governments or their corporations or any of their agencies during  the  last three  years  and  the  current  year;  year-wise;
- (b) whether the irrigation projects financed by PFC and REC received approvals from the Ministry of Jal Shakti and Ministry of Environment, Forest and Climate Change  and  if so,  the  details  thereof;
- (c) the  details  of  the  terms  of  lending  of  the  PFC  and  REC  to  various  State Governments or their corporations or their agencies including interest rate, loan tenure, number  of  years  of  moratorium  left  and  the  beginning  of  repayment  of  the  principal amount; and
- (d) the details of physical progress in this regard in various States?

## A N S W E R

THE MINISTER OF POWER AND NEW & RENEWABLE ENERGY

(SHRI  R.K. SINGH)

- (a): The details of amount sanctioned and disbursed for Power and Irrigation projects during  the  last  three  years  and  the  current  year  (upto  24.11.2021)  by  Power  Finance Corporation (PFC) Ltd and REC Ltd (formerly known as Rural Electrification Corporation Ltd) are furnished at Annexure-I.
- (b): The details of approvals from the Ministry of Jal Shakti and Ministry of Environment, Forest and Climate Change for irrigation projects financed by PFC Ltd and REC Ltd are furnished at Annexure-II and Annexure-III respectively.
- (c) & (d): The main sanction terms stipulated in regard to irrigation projects funded by PFC Ltd and REC Ltd and Physical progress are brought out at Annexure-IV and AnnexureV respectively.

ANNEXURE REFERRED TO IN REPLY TO PART (a) OF UNSTARRED  QUESTION NO. 906 ANSWERED IN THE LOK SABHA ON 02.12.2021

*******

Statement showing the details of sanction and disbursement by Power  Finance Corporation:-

(Amount in Rs. Cr)

| Financial Year          | Sanction         | Sanction                    | Sanction   | Disbursement     | Disbursement                | Disbursement   |
|-------------------------|------------------|-----------------------------|------------|------------------|-----------------------------|----------------|
|                         | Power Generation | *EM component of Irrigation | Total      | Power Generation | *EM component of Irrigation | Total          |
| 2018-19                 | 5994             | 7785                        | 13779      | 16128            | 9903                        | 26031          |
| 2019-20                 | 16044            | 14075                       | 30119      | 15457            | 7855                        | 23312          |
| 2020-21                 | 31415            | 2425                        | 33840      | 14160            | 5871                        | 20031          |
| 2021-22 (upto 24.11.21) | -                | 14940                       | 14940      | 4308             | 4005                        | 8313           |
| Total                   | 53453            | 39225                       | 92678      | 50053            | 27634                       | 77687          |

Statement showing the details of sanction and disbursement by REC LTD:-

(Amount in Rs. Cr)

| Financial Year          | Sanction          | Sanction                                 | Sanction   | Disbursement     | Disbursement                             | Disbursement   |
|-------------------------|-------------------|------------------------------------------|------------|------------------|------------------------------------------|----------------|
|                         | #Power Generation | *EM & HM component of Irrigation Project | Total      | Power Generation | *EM & HM component of Irrigation Project | Total          |
| 2018-19                 | 15169             | 12801                                    | 27970      | 22843            | 4025                                     | 26868          |
| 2019-20                 | 31393             | 18751                                    | 50144      | 20511            | 7059                                     | 27570          |
| 2020-21                 | 19105             | 23739                                    | 42844      | 14462            | 5455                                     | 19917          |
| 2021-22 (upto 24.11.21) | 6904              | 5723                                     | 12627      | 8361             | 3224                                     | 11585          |
| Total                   | 72571             | 61014                                    | 133585     | 66177            | 19763                                    | 85940          |

*Electro-mechanical  (EM)  components,  sub-stations,  transmission  lines  and  associated civil works of Irrigation project, # Power Generation Projects including Renewable Energy

ANNEXURE-II ANSWERED IN THE LOK SABHA ON 02.12.2021 *******

ANNEXURE REFERRED TO IN REPLY TO PART (b) OF UNSTARRED QUESTION NO. 906 Statement  showing  the  status  of  approvals  from  the  Ministry  of  Jal  Shakti  Gazette Notification  Dated  15th  July  2021  and  Ministry  of  Environment,  Forest  and  Climate

Change for the Irrigation projects funded by PFC is as follows:

| State          | Project Name                                | Ministry of Jal Shakti                                                                                                                                                                                                                                  | Ministry of Environment, Forest and Climate Change   |
|----------------|---------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------|
| Telangana      | Telangana : Kaleshwaram Project             | Approved                                                                                                                                                                                                                                                | Obtained                                             |
| Telangana      | Palamuru Rangareddy Lift Irrigation Project | Un-approved Timeline available till 15 th January 2022.                                                                                                                                                                                                 | To be obtained.                                      |
| Andhra Pradesh | Rayalseema Drought Mitigation Project       | The project is not listed in the Ministry of Jal Shakti Gazette Notification dated 15 th July, 2021. However, The borrowing utility has confirmed that the approval will be obtained within the proscribed timeline of 15 th January 2022, if required. | To be obtained.                                      |

*******

## ANNEXURE REFERRED TO IN REPLY TO PART (b) OF UNSTARRED QUESTION NO. 906 ANSWERED IN THE LOK SABHA ON 02.12.2021

******

Statement showing the status of approvals from the Ministry of Jal Shakti /CWC clearance and Ministry of Environment, Forest and Climate Change for the Irrigation projects funded by REC (where loan agreement has been executed) is as follows:

| State          | Project Name                                             | Approval of Ministry of Jal Shakti/ CWC Clearance                                                                                                                                                                                                                                                                                                                                           | Ministry Environment, and Climate clearance                                      | of Forest Change         |
|----------------|----------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------|--------------------------|
| Telangana      | Kaleshwaram Project                                      | Obtained The works of lifting additional 1 TMC water are listed under Unapproved project list of Ministry of Jalshakti notification dated 15.07.2021. KIPCL vide letter dated 15-11-2021 has made a request to Ministry of Jalshakti for deleting additional 1 TMC from the un-approved list of the notification and the State Govt. is pursuing in this regard with Ministry of Jalshakti. | Obtained                                                                         |                          |
| Telangana      | Indiramma Flood Flow Canal (IFFC)                        | Obtained                                                                                                                                                                                                                                                                                                                                                                                    | Obtained                                                                         |                          |
| Telangana      | J. Chokkarao - Devadula Lift Irrigation project          | Obtained                                                                                                                                                                                                                                                                                                                                                                                    | Obtained                                                                         |                          |
| Telangana      | Sita Rama Lift Irrigation Project                        | Un-approved Borrower has informed that clearances from CWC is under progress                                                                                                                                                                                                                                                                                                                | Obtained                                                                         |                          |
| Telangana      | PV Narasimha Rao - Kanthanapally Sujala Sravanthi Scheme | Un-approved Borrower has informed that clearances from CWC is under progress                                                                                                                                                                                                                                                                                                                | Obtained                                                                         |                          |
| Andhra Pradesh | Chintalapudi Lift Irrigation Scheme                      | Secretary, Water Resources, Govt of AP vide letter dated 17.11.2021 intimated that CWC clearance is not mandatory                                                                                                                                                                                                                                                                           | Under process.                                                                   |                          |
| Andhra Pradesh | Kondaveetivagu Lift Scheme - Flood Relief Scheme         | Borrower has informed that CWC clearance is not required                                                                                                                                                                                                                                                                                                                                    | Not required submitted by borrower                                               | as                       |
| Andhra Pradesh | Purushottapatnam Lift Irrigation Scheme                  | Secretary, Water Resources, Govt of AP vide letter dated 17.11.2021 has intimated that separate approval is not required                                                                                                                                                                                                                                                                    | Under process                                                                    |                          |
| Andhra Pradesh | YSR Palnadu Drought Mitigation Project                   | Secretary, Water Resources, Govt of AP vide letter dated 17.11.2021 has intimated that the CWC clearance is not required.                                                                                                                                                                                                                                                                   | Secretary, Resources vide dated 17.11.2021 intimated that clearance is required. | Water letter has the not |

*******

## ANNEXURE REFERRED TO IN REPLY TO PART (b) OF UNSTARRED QUESTION NO. 906 ANSWERED IN THE LOK SABHA ON 02.12.2021

****

Statement showing the main sanction terms stipulated to irrigation projects funded by PFC is as under:

| Entity                                                         | Project Name                                 | Interest Rate        | Loan Tenur e   | Moratori um on Principa l repayme nt after COD   | Repay ment Start Date   | Loan Security                             | Physical progress                                                                                 | Physical progress                                                                                 |
|----------------------------------------------------------------|----------------------------------------------|----------------------|----------------|--------------------------------------------------|-------------------------|-------------------------------------------|---------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Kaleshwa ram *Project                        | 9.2%- 11.00% p.a.    | 12 years       | 6 months                                         | 15-Oct- 2022            | State Govt. Guarante e within FRBM Limits | Project consists of 7 links. Link-wise progress is below:                                         | Project consists of 7 links. Link-wise progress is below:                                         |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Kaleshwa ram *Project                        | 9.2%- 11.00% p.a.    | 12 years       | 6 months                                         | 15-Oct- 2022            | State Govt. Guarante e within FRBM Limits | Link                                                                                              | Physical Progress (%)                                                                             |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Kaleshwa ram *Project                        | 9.2%- 11.00% p.a.    | 12 years       | 6 months                                         | 15-Oct- 2022            | State Govt. Guarante e within FRBM Limits | I                                                                                                 | 100%                                                                                              |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Kaleshwa ram *Project                        | 9.2%- 11.00% p.a.    | 12 years       | 6 months                                         | 15-Oct- 2022            | State Govt. Guarante e within FRBM Limits | II                                                                                                | 100%                                                                                              |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Kaleshwa ram *Project                        | 9.2%- 11.00% p.a.    | 12 years       | 6 months                                         | 15-Oct- 2022            | State Govt. Guarante e within FRBM Limits | III                                                                                               | 76%                                                                                               |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Kaleshwa ram *Project                        | 9.2%- 11.00% p.a.    | 12 years       | 6 months                                         | 15-Oct- 2022            | State Govt. Guarante e within FRBM Limits | IV                                                                                                | 92%                                                                                               |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Kaleshwa ram *Project                        | 9.2%- 11.00% p.a.    | 12 years       | 6 months                                         | 15-Oct- 2022            | State Govt. Guarante e within FRBM Limits | V                                                                                                 | 57%                                                                                               |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Kaleshwa ram *Project                        | 9.2%- 11.00% p.a.    | 12 years       | 6 months                                         | 15-Oct- 2022            | State Govt. Guarante e within FRBM Limits | VI                                                                                                | 25%                                                                                               |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Kaleshwa ram *Project                        | 9.2%- 11.00% p.a.    | 12 years       | 6 months                                         | 15-Oct- 2022            | State Govt. Guarante e within FRBM Limits | VII                                                                                               | 55 %                                                                                              |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Palamuru Rangared dy Lift Irrigation Project | 10.65% - 11.00% p.a. | 15 years       | 6 months                                         | 15-Oct- 2024            | State Govt. Guarante e within FRBM Limits | The project consists of 5 stages. The stage- wise approximate physical progress of the project as | The project consists of 5 stages. The stage- wise approximate physical progress of the project as |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Palamuru Rangared dy Lift Irrigation Project | 10.65% - 11.00% p.a. | 15 years       | 6 months                                         | 15-Oct- 2024            | State Govt. Guarante e within FRBM Limits | Stag e                                                                                            | Physical Progress (%)                                                                             |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Palamuru Rangared dy Lift Irrigation Project | 10.65% - 11.00% p.a. | 15 years       | 6 months                                         | 15-Oct- 2024            | State Govt. Guarante e within FRBM Limits | I                                                                                                 | 49%                                                                                               |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Palamuru Rangared dy Lift Irrigation Project | 10.65% - 11.00% p.a. | 15 years       | 6 months                                         | 15-Oct- 2024            | State Govt. Guarante e within FRBM Limits | III                                                                                               | 67%                                                                                               |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Palamuru Rangared dy Lift Irrigation Project | 10.65% - 11.00% p.a. | 15 years       | 6 months                                         | 15-Oct- 2024            | State Govt. Guarante e within FRBM Limits | IV                                                                                                | 52%                                                                                               |
| Telangana: Kaleshwara m Irrigation Project Corporation Limited | Palamuru Rangared dy Lift Irrigation Project | 10.65% - 11.00% p.a. | 15 years       | 6 months                                         | 15-Oct- 2024            | State Govt. Guarante e within FRBM Limits | 5th Stage is under approval of State Government. PFC                                              | 5th Stage is under approval of State Government. PFC                                              |

| Andhra Pradesh: Andhra Pradesh Rayalseem a Drought Mitigation Projects Developme nt Corporation Limited   | Rayalsee ma Drought Mitigatio n Project   | 10.65% p.a.   | 12 years   | 6 months   | 15-Oct- 2026   | State Govt. Guarante e within FRBM Limits   | The loan sanction letter was issued on 10th September 2021. The loan documents are yet to be executed.   |
|-----------------------------------------------------------------------------------------------------------|-------------------------------------------|---------------|------------|------------|----------------|---------------------------------------------|----------------------------------------------------------------------------------------------------------|

## CoD: Commercial operation date.

* Irrigation

*********

## ANNEXURE REFERRED TO IN REPLY TO PART (b) OF UNSTARRED QUESTION NO. 906 ANSWERED IN THE LOK SABHA ON 02.12.2021

****

## Statement  showing  the  major  sanction  terms  stipulated  and  physical  progress  of  irrigation projects funded by REC (where loan agreement has been executed) is as under:

| Entity                                                                                     | Project Name                                                                                                                                                                                                   | Interest Rate   | Loan Tenure   | Moratorium on Principal repayment                  | Completion period upto   | Loan Security                                                                                                                                                                                     | Physic al Progre ss   |
|--------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|---------------|----------------------------------------------------|--------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|
| Telangana: Kaleshwaram Irrigation Project Corporation Limited (KIPCL)/ Kaleshwaram Project | E&M, H&M and associated Civil works for lifting capacity enhancement of existing system by 1.1 TMC (Thousand Million Cubic Feet) water per day from Sripada Yellampally Project (SYP) to Mid Mannair Reservoir | 10.90% p.a.     | 12 years      | Up to Completion Period                            | May,2022                 | State Govt. Guarantee &Hypothecation of assets created under the schemes. Further, Repayments & interest obligations of REC's loans are to be served through provision in the state govt. budget. | 20%                   |
| Telangana: Kaleshwaram Irrigation Project Corporation Limited (KIPCL)/ Kaleshwaram Project | E&M, H&M and associated Civil works For lifting of additional 1 TMC water per day from Medigadda Barrage on Godavari River to Reservoir at Sripada Yellampally Project (SYP)) under Link-1                     | 10.90% p.a.     | 12 years      | Upto Completion Period + 6 months                  | March,2022               | State Govt. Guarantee &Hypothecation of assets created under the schemes. Further, Repayments & interest obligations of REC's loans are to be served through provision in the state govt. budget. | 100%                  |
| Telangana: Kaleshwaram Irrigation Project Corporation Limited (KIPCL)/ Kaleshwaram Project | E&M, H&M and associated Civil works for lifting of additional 1 TMC water per day from Mid Mannair Reservoir to Sri Komaravelli Mallana Sagar Reservoir under Link-4                                           | 10.90% p.a.     | 12 years      | Up to Completion Period + 6 months                 | March,2022               | State Govt. Guarantee &Hypothecation of assets created under the schemes. Further, Repayments & interest obligations of REC's loans are to be served through provision in the state govt. budget. | 15%                   |
| Telangana:                                                                                 | Indiramma Flood Flow Canal (IFFC)                                                                                                                                                                              | 11% p.a.        | 12 years      | Up to Completion Period + 6 months months          | Apr'22                   | State Govt. Guarantee. Further, Repayments & interest obligations of REC's loans are to be served through provision in the state govt. budget.                                                    | 90%                   |
| Telangana State Water Resource Infrastructure Development Corporation Ltd. (TSWRIDCL)      | J. Chokkarao - Devadula Lift Irrigation project                                                                                                                                                                | 11% p.a.        | 12 years      | Up to Completion Period + 6 months                 | Apr'22                   |                                                                                                                                                                                                   | 80%                   |
| Telangana State Water Resource Infrastructure Development Corporation Ltd. (TSWRIDCL)      | Sita Rama Lift Irrigation Project                                                                                                                                                                              | 11% p.a.        | 12 years      | Up to Completion Period + 6                        | Apr'23                   |                                                                                                                                                                                                   | 90%                   |
| Telangana State Water Resource Infrastructure Development Corporation Ltd. (TSWRIDCL)      | PV Narasimha Rao - Kanthanapally Sujala Sravanthi scheme                                                                                                                                                       | 11% p.a.        | 12 years      | Up to Completion Period + 6 months                 | Sept'21                  |                                                                                                                                                                                                   | 99%                   |
| Andhra Pradesh Andhra Pradesh Water Resource Development Corporation (APWRDC)              | Chintalapudi Lift irrigation scheme                                                                                                                                                                            | 10.50% p.a      | 10 years      | 5 years from first disbursement i.e. upto 05.02.25 | Jun'22                   | State Govt. Guarantee &Hypothecation of assets created under the scheme. Further, & interest obligations REC's loans are to                                                                       | 83%                   |
| Andhra Pradesh Andhra Pradesh Water Resource Development Corporation (APWRDC)              | Kondaveetivagu Lift scheme - Flood relief Scheme                                                                                                                                                               | 10.50% p.a      | 10 years      | 3 years from first disbursement i.eupto 05.02.23   | Project Completed        | Repayments of be served through provision in the state govt. budget.                                                                                                                              | Project Comple ted    |
| Andhra Pradesh Andhra Pradesh Water Resource Development Corporation (APWRDC)              | Purushottapatnam Lift irrigation scheme                                                                                                                                                                        | 10.50% p.a      | 10 years      | 3 years from first disbursement i.e. upto 05.02.23 | Project Completed        | Repayments of be served through provision in the state govt. budget.                                                                                                                              | Project Comple ted    |
| Andhra Pradesh Andhra Pradesh Water Resource Development Corporation (APWRDC)              | YSR Palnadu Drought Mitigation Project                                                                                                                                                                         | 10.60% p.a      | 12 years      | Up to Completion Period + 6 months                 | Jun'22                   | Repayments of be served through provision in the state govt. budget.                                                                                                                              | 33%                   |

*******