Telangana State Energy Development Corporation Ltd Guidelines


GO MS 27 dated 30 May 2014 In pursuance of the section 53 of the AP Reorganisation Act 2014, a separate Telangana New & Renewable Energy Development Corporation Ltd. has to be created for Telangana State and existing NREDCAP will continue for residuary AP State. Accordingly Functions, Assets & Liabilities, Posts and Staff are to be transferred to the newly created Telangana New & Renewable Energy Development Corporation Ltd.. In order to implement the provisions of the said Act, the following guidelines are issued:

1. Effective Date for Transfer of Functions, Assets, Liability, Posts and Staff: Effective date shall be the date on which date TG New & Renewable Energy Development Corporation Ltd. comes into existence.

2. Transfer of functions to TG New & Renewable Energy Development Corporation Ltd.: From the effective date all the functions presently being carried out by NREDCAP in the area of Telangana State shall stand transferred to TG New & Renewable Energy Development Corporation Ltd..

3. Transfer of Assets to TG New & Renewable Energy Development Corporation Ltd.: As per section 53(1) of Reorganization Act 2014, all the assets Located at Telangana Districts shall stand transferred to TG New & Renewable Energy Development Corporation Ltd. on ‘as is where is basis’. Head Quarter of NREDCAP shall be divided between TG New & Renewable Energy Development Corporation Ltd. and NREDCAP based on population ratio of two respective states which is 42:58.

4. Transfer of Liability to TG New & Renewable Energy Development Corporation Ltd.: All the liabilities which are linked to the asset located at Telangana districts shall stand transferred to TG New & Renewable Energy Development Corporation Ltd., Assets and liabilities related to specific staff shall stand transferred along with the staff to TG New & Renewable Energy Development Corporation Ltd.. All other Assets which are general in nature shall be divided between two Corporations based on population ratio of two respective states.

5. Transfer of posts to TG New & Renewable Energy Development Corporation Ltd.: All the posts related to Telangana Districts, shall stand transferred to TG New & Renewable Energy Development Corporation Ltd. with effect from Effective date. Posts at NREDCAP Head Quarter shall be divided between two Corporations based on population ratio of respective state. Based on this principle, head quarter posts transferred to TG New & Renewable Energy Development Corporation Ltd. is listed in Annexure-A

6. Transfer of employees between NREDCAP AND TG New & Renewable Energy Development Corporation Ltd: The guidelines meant for Government employees shall be followed for permanent transfer of employees between two Corporations. Pending such transfer of employees, all staff working in District offices, as on effective date shall continue to work there and draw their salaries accordingly. Staff working at Head Quarter, to the extent of posts in TG New & Renewable Energy Development Corporation Ltd, shall be permanently transferred to TG New & Renewable Energy Development Corporation Ltd as on effective date following Government guidelines for allotment of staff.

7. IT Infrastructure and TALLY.ERP9 Accounting Package: IT infrastructure, TALLY.ERP9 Accounting Package , General software at Head Quarter will be used jointly by both Corporations till both Corporations create their own IT Infrastructure and TALLY.ERP9 Accounting Package and maintenance cost of such common infrastructure shall be shared by both Corporations in population ratio of respective state. For the purpose of operational convenience, Operation and Maintenance will be handled by NREDCAP as all the licenses for System Softwares, etc are in the name of NREDCAP. On creation of separate IT infrastructure by both Corporations, IT hardware shall be divided between two Corporations based on population ratio. All software which are licensed in the name of NREDCAP will be retained by NREDCAP as same cannot be transferred to TG New & Renewable Energy Development Corporation Ltd.

8. Balance Sheet of TG New & Renewable Energy Development Corporation Ltd and NREDCAP: As on effective date, balance sheet of both Corporations will get modified accordingly. Annexure-B lists Balance Sheet for both Corporations.

9. Any other issue: Any issue not covered above shall be decided by both Corporations in accordance with the principles laid down in the Reoranization Act 2014.

02. VC & MD,NREDCAP shall take further necessary action for transfer of functions, assets, liabilities, posts and employees to TG New & Renewable Energy Development Corporation Ltd., accordingly.

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