181.35 crores to APCPDCL as security towards the loan


Chairman & Managing Director, Andhra Pradesh Transmission Corporation Limited in the letter has informed that, the Andhra Pradesh Central Power Distribution Company Limited was sanctioned a loan amount of Rs.205.98 crores under part-B of R-APDRP by PFC. Out of the above, Guarantee to an extent of Rs.24.63 crores was already provided out of the unutilized guarantee.

The Chairman & Managing Director, Andhra Pradesh Transmission Corporation Limited has requested the Govt. for sanction of fresh guarantee to Andhra Pradesh Central Power Distribution Company Limited for remaining loan portion of Rs.181.35 crores as security towards loan sanctioned by Power Finance Corporation under Part-B of APDRP

The Government after examination of the proposal, hereby accord Government Guarantee for Rs.181.35 crores to APCPDCL as security towards the loan sanctioned by M/s PFC under Part-B of R-APDRP (Total loan sanctioned by PFC to APCPDCL is Rs.205.98 crores under Part-B of R-APDRP), subject to (i) repayment and servicing of the loan by the DISCOM, (ii) payment of 2% Guarantee Commission

The Chairman & Managing Directors, APTRANSCO and APCPDCL shall take further action accordingly.

5. This order issues with the concurrence of Finance (DMC.II) Department vide their U.O.No.25525/56/A1/DCM.II/13, dated.04-10-2013.
GOVERNMENT OF ANDHRA PRADESH ABSTRACT

Energy Department – Proposal to accord Government Guarantee for Rs.181.35 crores to APCPDCL as security towards the loan sanctioned by M/s PFC under Part-B of R-APDRP (Total loan sanctioned by PFC to APCPDCL is Rs.205.98 crores under Part-B of R-APDRP ), subject to (i) repayment and servicing of the loan by the DISCOM, (ii) payment of 2% Guarantee Commission – Orders – Issued.
ENERGY (POWER.III) DEPARTMENT
G.O.Ms.No. 56, Dated:15-10-2013
1. G.O.Ms.No.31, Energy (Pr.III) Deptt., Dt.21-3-2005
2. G.O.Ms.No.49, Energy (Pr.III) Department, Dt.01-12-2012
3. From the C&MD, APTRANSCO, Lr.No.CMD/CE(RE)/ SE(RE)/A3/F.GG/D.No.149/11, Dt.06-09-2011,

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