In exercise of the powers conferred by Sections 178 (1); and 178 (2) (ze) of the Electricity Act, 2003, the Central Electricity Regulatory Commission made the Central Electricity Regulatory Commission (Power System Development Fund) Regulations, 2014 for constituting a fund to be called the “Power System Development Fund”(PSDF) and the utilization of the PSDF. The National Load Despatch Centre (NLDC) is to be the Nodal Agency for the implementation of the scheme under the Regulations. Also, an Appraisal Committee and a Monitoring Committee will be constituted by the Government of India for the prioritization of the various projects proposals for funding from PSDF and sanctions of those projects. Also, procedure for application, screening, appraisal, monitoring, sanction etc of PSDF has been laid down in the Regulations along with assistance pattern, execution, operation & maintenance of the assets, preparation of budget, accounts, and implementation, monitoring and control of projects.
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