Cabinet Decisions Details
Breadcrumb
Asset Publisher
Cabinet Decisions taken on 5 July 2022 (4)
1. Adjustment of recoverable dues -------->
i) In-principle approval to adjustment of outstanding dues recoverable from consumer of APDCL for FYs 2021-22 and 2022-23 to reduce losses of APDCL
ii) The proposed waiver for FY 2021-22 to cost the State Government Rupees 309.86 crore
iii) Will facilitate assessment of actual arrear amount without any adverse impact on performance indices of APDCL vis-à-vis State exchequer.
iv) APDCL directed to collect AADHAR and EPIC details for all new connections and update the same for old/existing connections.
v) Will be mutually beneficial for both Government of Assam and APDCL as summarized below:
For State Government ---->
i) Improved State profile ;
ii) Avail additional borrowing
-> With improvement in aggregate technical and commercial loss
-> With lesser burden on future loss ;
iii) Flow of investment under Revamped Distribution Sector Scheme (RDSS)
For APDCL ---->
i) Clean consumer base ;
ii) Better KPI ;
iii) Reduced book loss ;
iv) Clean balance sheet ;
v) Meeting target under RDSS ;
2 . Venture Capital Fund ------> · Creation of a Venture Capital Fund wort Rupees 200 crore via an MoU to be signed between SIDBI and AIDC Limited.