Cabinet gives nod for merger of power generation companieshttps://indianexpress.com/article/cities/delhi/cabinet-gives-nod-for-merger-of-power-generation-companies/

Cabinet gives nod for merger of power generation companies

Approves more funds for RGSH,eases Dilli Swarojgar Yojana loan norms.

Approves more funds for RGSH,eases Dilli Swarojgar Yojana loan norms.

In a bid to improve power generation,the Delhi Cabinet on Tuesday decided to merge two power generation companies into a single entity.

The merging of Pragati Power Corporation Ltd (PPCL) into Indraprastha Power Generation Co Ltd (IPGCL) is aimed at streamlining the functioning of the two companies.

The cabinet also decided to approve more funds to the Rajiv Gandhi Super Speciality Hospital (RGSH) and liberalised conditions to obtain loans under the Dilli Swarojgar Yojana. A move to amend the Delhi Urban Shelter Improvement Act,2010,was given a Cabinet nod.

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Chief Minister Sheila Dikshit,who presided over the Cabinet,stated that merging PPCL into IPGCL would ensure better functioning of Delhi’s power generation companies.

“The merger will reduce administrative,statutory and legal compliances,and facilitate a result-oriented approach,” Dikshit said. The new company,Dikshit said,would also facilitate the generation of renewable energy.

According to Dikshit,the Cabinet decided to release an additional Rs 54 crore to the (RGSH) in Tahirpur to complete remaining works and upgrade it according to Green Building Concept norms.

“This will also facilitate new systems — power backup,wiring for lane system,medical gas pipeline,solar water heating system,modular operation theatres (OT)s with equipments and CCTVs — which were not part of the earlier sanction,” Dikshit said.

The Cabinet has also given its nod to liberalise conditions under the Dilli Swarojgar Yojana to make the scheme more attractive for the targeted beneficiaries. “Due to the current stringent conditions,the scheme could not take off,leaving the targeted beneficiaries awaiting loan facilities,” Dikshit said.

The scheme targets SC/ST/OBC or Minority communities,whose annual family income does not exceed Rs 2 lakh. Under the scheme,loans of up to Rs 5 lakh at low interest rates to is provided to help set up self-employment units.

According to a proposed amendment in the Delhi Urban Shelter Improvement Act,2010,Mayors of the three civic bodies would be authorised to nominate a councillor each in the Delhi Urban Shelter Improvement Board (DUSIB) and the director,local bodies,of the government would be ex-officio member of the DUSIB.