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Outstanding debt of state power utilities at Rs 459,145 cr in 2012-13

December 26: The outstanding debt of state power utilities from bank and financial institutions, bonds and debentures and other loans stood at a staggering Rs 459,145 crore at the end of 2012-13, up 18% from Rs 389,824 crore in 2011-12, as per the PFC report on Performance of State Power Utilities.

Power Minister Piyush Goyal said this while replying a query in Lok Sabha recently.

As per the PFC report, the outstanding of State Power Utilities stood at Rs 333,388 crore in 2010-11.

Goyal said the total investment in the power sector of the country is estimated to have fallen in 2013-14 as compared to 2012-13 and 2011-12.

He said the total investment in power sector stood at Rs 168,174.27 crore in 2013-14 (provisional), down from Rs 179,461.42 crore in 2012-13 and also down from Rs 198,443.03 crore in 2011-12 and also down from Rs 176,643.48 crore in 2010-11.

The minister said of the total investment of Rs 168,174.27 crore in 2013-14, Rs 59,339.25 crore is estimated from private sector, Rs 57,524.68 crore from state sector and Rs 51,310.34 crore from central sector.

In 2012-13, the central sector had invested Rs 50,776.29 crore, state sector Rs 53,556.87 crore and Rs 75,128.26 crore came from private sector, he said.

Goyal said the private sector’s investment in 2011-12 stood at Rs 92,316.30 crore whereas state sector and central sector had invested Rs 60515.91 and Rs 45610.82 crore respectively.

In 2010-11, the investment by private sector stood at Rs 79,940.20 crore, while that by state and central sectors stood at Rs 59,869.54 crore and Rs 36833.74 respectively.

This shows that investment in power sector by private companies had been falling gradually after reaching a top in 2011-12.