Power PSUs register 45% growth in CAPEX investment over previous year

During FY 2021-22, the PSUs of the Power Ministry have so far invested Rs 32,137 crore, which is 63.4 percent of the annual capex target for the year
Power PSUs register 45% growth in CAPEX investment over previous year

New Delhi: During Financial Year (FY) 2021-22, the PSUs of the Ministry of Power have so far invested Capital Expenditure (CAPEX) of Rs 32,137 crore, which is 63.4 percent of the annual CAPEX target for the year, said the Ministry of Power. For FY22, the CAPEX target for Power Ministry PSUs is Rs 50,690.52 crore. It must be noted that during FY21, power sector PSUs had incurred a CAPEX of Rs 22,127 crore until the month of November, which was 49.3 percent of the total capex target for that financial year.

"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 percent over last year's performance," said the Power Ministry.

Even in the schemes for infrastructure development, the ministry has been making good progress, the statement added. 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 the 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.

In all, till the end of November, the Power Ministry has invested Rs 35,628.6 crore in infrastructure development.

The progress of the schemes and projects is being monitored on weekly basis by the Power Secretary Alok Kumar. 

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