Power Sector CPSEs Register 45 Per Cent Growth In Capex Investment Over Previous Year

For the Financial Year (FY) 2021-22, the target for Capital Expenditure (Capex) of the Central Public Sector Enterprises (CPSEs) of the Ministry of Power is Rs 50,690 crore.

However, during FY 2021-22, the CPSEs of the Power Ministry has so far invested a capex of Rs 32,137 crore, which is 63.4 per cent of the annual capex target.

During FY 2020-21, power sector CPSEs incurred a capex of Rs 22,127 crore till November, which was 49.3 per cent of the total expenditure for that FY.

Thus the capex performance of the Ministry in absolute as well as relative terms is better than the previous year. In absolute terms, it has shown a growth of 45 per cent over last year’s performance.

“Even in the schemes for infrastructure development, the Ministry has been making good progress. It has spent Rs 1,593 crore in IPDS, Rs 1,007 crore in DDUGJY and Rs 890 crore in Transmission Development schemes for the North-Eastern region,” the Ministry of Power said.

Hence, besides Rs 32,137 crore by CPSEs, an additional amount of Rs 3,491 crore has been invested in infrastructure through development schemes of the Ministry.

In all, till the end of November this FY, the Power Ministry has invested Rs 35,628 crore in infrastructure development.

“The progress of the schemes and projects is being monitored on a weekly basis by the Secretary, Ministry of Power. Through regular monitoring and coordination with other ministries and state governments, the Power Ministry is making rapid strides in infrastructure development,” the official statement said.