Lok Sabha Question No. 3959 (UNSTARRED), answered on 2024-12-19
Subject: Portal for Online Monitoring of Projects – Thermal (PROMPT)
Ministry: POWER
Asked by: Shri Bidyut Baran Mahato, Shri Lumbaram Choudhary, Shri Mukeshkumar Chandrakaant Dalal, Shri Mukesh Rajput

## GOVERNMENT OF INDIA MINISTRY OF POWER

## LOK SABHA UNSTARRED QUESTION NO.3959 ANSWERED ON 19.12.2024

## PORTAL FOR ONLINE MONITORING OF PROJECTS - THERMAL (PROMPT)

3959. SHRI LUMBA RAM:

SHRI BIDYUT BARAN MAHATO:

SHRI MUKESH RAJPUT:

SHRI MUKESHKUMAR CHANDRAKAANT DALAL:

Will the Minister of POWER be pleased to state:

- (a) the specific measures introduced by the Electricity Distribution (Accounts and Additional Disclosures) Rules, 2024 to enhance transparency and accountability in financial reporting of Discoms;
- (b) the way by which the new reporting requirements for Average Electricity Supply (ACS) and Aggregate Technical and Commercial (AT&C) losses are likely to impact the regulatory monitoring financial stability of electricity distribution companies; and
- (c) the salient features of the Portal for Online Monitoring of the Projects Thermal (PROMPT) and the benefits likely to be accrued on account thereof?

## A N S W E R

## THE MINISTER OF STATE IN THE MINISTRY OF POWER (SHRI SHRIPAD NAIK)

- (a)  &  (b)  :  Government  of  India  has  been  supplementing  the  efforts  of  States/ UTs  through  various  policy  interventions  for  a  financially  sustainable  and operationally  efficient  distribution  Sector.  In  this  direction,  Ministry  of  Power has  promulgated  Electricity  Distribution  (Accounts  &  Additional  Disclosure) Rules,  2024  so  as  to  make  uniform  provisions  for  accounting  for  distribution sector. The rules provide for following:
- i. Only  such  items  and  sums  which  have  been  provided  in  the  tariff orders as recoverable shall be recognized as revenue in the Financial Statements.    This  would  help  to  assess  the  actual  gap  between Average Cost of Supply (ACS) and Average Revenue Realised (ARR). It would  also  help  in  assessing  the  real  Aggregate  Technical  and Commercial (AT&C) losses.
- ii. Uniform graded approach for provisioning of the receivables based on the age of such receivables has been specified in the rules.

iii. Additional  disclosure  statements  (ADS)  have  been  mandated  to  be annexed under notes to accounts of the financial statements so as to help  determine  the  operational  health  of  the  distribution  utilities.  It includes power purchase details, statement of ACS-ARR gap and AT&C loss, subsidy  details,  details  of  sale  to  consumers,  gross  trade receivables, borrowing details and likewise.

(c) :   For  real  time  monitoring  and  timely  completion  of  under  construction Thermal  Power  Projects,  IT  based  Project  Management  Portal  i.e.  PROMPT (Portal for Online Monitoring of Projects -Thermal) has been developed.

The Online Platform facilitates project managers and stakeholders to take informed decisions enabling timely identification of issues affecting the progress  of  the  Projects  and  taking  corrective  actions.  Some  of  the  salient features of the Portal are:

- i. Acts  as  a  Repository  of  information  of  all  the  under  construction thermal projects.
- ii. Real time tracking and analysis of key milestones of under construction projects which enables swift identification and resolution of issues.
- iii. Digitization of the entire process would result in greater transparency in project management.
- iv. Provides for Online issuance of 'Commissioning Certificate' to project authorities.

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