Monday 22 January 2018

TS Power DISCOMs Investment Scheme Sanction order as per G.O.NO 3.

Telangana Energy Department Sanction of Rs.2498,27,00,000/- to TS-TRANSCO towards additional Equity to the DISCOMs under the scheme “Investments in DISCOMS” in favour of Telangana Power Distribution Companies pool account Administrative sanction order Issued as per G.O.Ms.No. 3 Dated: 22-01-2018.
  1. Fromthe Joint Managing Director, TSTRANSCO & Member TSPCC,Lr.No. JMD (Fin, Comml &(HRD)/Dy.CCA(TSPCC)/ D.No.8/18, Dt:18-01-2018.
  2. G.O.Rt.No.59, Finance (EBS-II) Department, Dt:19.01.2018.

In the circumstances stated by the TS TRANSCO in the reference 1st read
above and in pursuance of the Budget Release Order 2nd read above,Government hereby accord administrative sanction for an amount of Rs.2498,27,00,000/- (Rupees Two Thousand Four Hundred Ninety Eight Crores and Twenty Seven Lakhs Only) to TSTRANSCO towards additional equity to
DISCOMs in the ratio of 70:30 under the scheme of “Investments to DISCOMS” by
providing additional budget support in FY 2017-18 pending inclusion of supplementar yestimates at an appropriate time.

The amount sanctioned at para (1) above, shall be debited to the Head of Account "4801-02-190-25-07-540-000”.

The Assistant Secretary to Government, Energy Department, Hyderabad shall draw and disburse the amount and arrange to credit the amount in favour of “TG Power Distribution Companies Pool Account”, Account No.62344459665, (IFSC Code: SBIN0020066, and MICR Code:500004019) maintained with SBI, Gunfoundry Branch, Abids, Hyderabad.

The Joint Managing Director (Fin, Comml & HRD), TS TRANSCO & Member TSPCC shall submit the Utilization Certificate for the amount sanctioned in para(1) above.

This order issues with the concurrence accorded vide U.O. No.16911-/A14/A2/ EBS-II / 2018, Finance (EBS-II) Department Dt: 20.01.2018.


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