Power Ministry signs '24x7 Power For All (PFA)' MoU with Tamil Nadu
Also, with the signing of the ‘24x7 Power For All (PFA)’ roadmap document with the State, the roadmap for all the 28 States, except one, and all the 7 Union Territories in the country have now been finalized and is under implementation. It is the most significant milestone in this initiative founded on the principles of cooperative federalism.
"Providing access to reliable and quality power supply to all citizens/ establishments by 2019 is at the core of the Prime Minister of India, Narendra Modi’s vision for the nation and the Ministry of Power’s 24x7 PFA program is aimed at delivering on it," a government statement claimed.
The Program has been instrumental in mainstreaming the Ministry’s focus on energy efficiency and Demand Side Management interventions and has resulted in increased participation with speedy rollout of the UJALA/ DELP and other EESL led schemes. It is important to note that UJALA has emerged as the world’s largest and most successful LED bulbs program.
Increased role of central sector agencies, such as NTPC, in addressing sectors’ operational viability in the case of proposed acquisition of state owned generation assets in Rajasthan and in fast-tracking capacity addition in the case of Patratu project in Jharkhand are outcomes of the comprehensive approach adopted under 24x7 PFA Program to resolve state specific problems.
Besides development of segment wise coordinated physical rollout plans and rigorous analysis on financial viability of state utilities under the 24x7 PFA program in two States of Rajasthan and Andhra Pradesh, the plans for which were made in first 100 days of coming of this Government, led to the formulation of the UDAY.
Looking at the balance sheets of these states, it was found that unless the states are taken out of the debt trap in which they were in and made financially sustainable, all plans of 24x7 would remain unfulfilled.
The PFA Program has also benefited several states in addressing funding gap for the investments required to ensure 24x7 power access to all.
The funding gap analysis conducted as part of the exercise enabled the Ministry to assist states through innovative means of financing including mechanisms such as additional funding under ongoing programs (like DDUGJY, IPDS), multilateral funding, additional support from FIs and PPPs etc.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
