Power CPSE Power CPSEs register 45 pc growth in Capex Investment over previous year
New Delhi/IBNS: Central Public Sector Enterprises (CPSEs) in the power sector registered 45 percent growth in investment on capital expenditure investment over previous year, the power ministry has said.
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. 50,690.52 crore.
Power sector CPSEs incurred a capex of Rs 22,127 crore till November 2020, which was 49.3 percent of the total expenditure for the fiscal.
However, during FY 2021-22, the CPSEs of Power Ministry have so far invested capex of Rs. 32,137 crore, which is 63.4 percent of the annual capex target.
Thus, the capex performance of the ministry in absolute as well as relative terms is better compared to the previous year. In absolute terms, it has shown a growth of 45 per cent over last year's performance, it stated.
Even in the schemes for infrastructure development, the ministry has been making good progress. It has spent Rs 1,593.72 crore in IPDS, Rs 1,007.51 crore in DDUGJY and Rs 890 crore in transmission development schemes for North Eastern region.
Hence besides the expenditure of Rs 32,137.37 crore by CPSEs, an additional amount of Rs 3,491.23 crore has been invested in infrastructure through development schemes of the ministry, it added.
In all, till end of November, the power ministry has invested Rs 35,628.6 crore in infrastructure development, it stated.
The progress of the schemes and projects is being monitored on a weekly basis by 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, it stated.
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