GOVERNMENT OF ANDHRA PRADESH

ABSTRACT

APPFCL - Principal & interest payment of Rs.1,22,36,712.00 towards Partial

Redemption through Put Option of APPFCL Bond Series 1/2011 Option B - due on

15.12.2021 on Rs.2.10 Crs @ 9.10% – Administrative Sanction - Orders - Issued.

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ENERGY (POWER-III) DEPARTMENT

G.O.Rt.No.174 Dated: 06/12/2021.

Read:

From the MD, APPFCL, Vijayawada, Lr.D.No.444/2021, dt:16.11.2021.

>>>@<<<

O R D E R:

In the reference read above, the Managing Director, A.P. Power Finance

Corporation Ltd., Vijayawada has requested the Government to sanction the

Principal & interest amount of Rs.1,22,36,712/- (Rupees One crore twenty two

lakh thirty six thousand seven hundred and twelve only) towards “Partial

Redemption through Put Option of APPFCL Bond Series 1/2011 Option B on

Rs.2.10 Crs @ 9.10%” due on 15.12.2021, for the period from 01.10.2021 to

14.12.2021.

2. After careful examination, Government hereby accord Administrative

Sanction for Rs.1,22,36,712/- (Rupees one crore twenty two lakh thirty six

thousand seven hundred and twelve only) to APPFCL to arrange payment towards

regular Principal & interest towards “Partial Redemption through Put Option of

APPFCL Bond Series 1/2011 Option B on Rs.2.10 Crs @ 9.10%” due on 15.12.2021

for the period from 01.10.2021 to 14.12.2021 under HoA: 2801-05-800-00-11-

310-312 (Assistance to APTRANSCO Ltd for servicing of Vidyut Bonds) Current

Financial Year 2021-22:

Loan Taken Details:

1 Loan Amount (Rs Cr):

Rs. 60 Crs Option B

2 Name of Bank/FI from

which loan obtained:

APPFCL Unsecured, Unrated, Unlisted, Redeemable,

Taxable Non – Convertible Bonds Series 1/2011

Option B

3 Loan Tenure (years,

months):

12 years

4 Loan taken date:

15.12.2011

5 Rate of interest:

9.10%

6 Moratorium details, if any: Nil

7 Date of start of frst

instalment:

01-04-2012

8 Date of Final instalment : 15-12-2023

II. Restructuring details, if any

GO RT/312/2021/ENE01-Energy

File No.ENE01/294/2020-POWER-III-Part(3)

1 Date of restructuring:

Nil

2 Revised rate of interest:

3 Revised tenure:

4 ^{Restructuring details if}

any:

III. Budget details

1 Head of Account:

2801-05-800-00-11-310-312 (Assistance to

APTransco Ltd for servicing of Vidyut Bonds.)

2 Financial Year:

Budget FY 2021-22

3 Budget Estimate (Rs):

884,41,00,000/-

4 Budget Expenditure till

date (Rs):

4,41,53,80,075/-

5 Budget available as on

date (Rs):

2,21,76,94,925/- (up to Q3)

IV. Outstanding details

1 Loan repayment done till

date (Rs Cr):

Principal Not yet started.

Paying Regular Half yearly Payment.

2 Previous GOs issued for

repayment (vide

references above):

1. G. O. Rt. No. 126 Energy Power III Dept 24-09-

2021

2. G. O. Rt. No. 126 Energy Power III Dept 24-09-

2021

3 Loan Outstanding amount

(Rs Cr):

Principal Rs. 60 Crs

Interest Rs. 58.74 Crs

4 Outstanding amount as

on date:

Principal Rs. 58.8 Crs as on 23.11.2021

Interest Rs. 12.94 Crs as on 23.11.2021

V. Repayment details

1 Current due repayment is

for period:

01-10-2021 to 14.12.2021 for 75 days.

2 Current due amount

proposed (Rs Cr):

Rs. 1,22,36,712/-

(Principal Amount Rs. 1,20,00,000/-

Interest Amount Rs. 2,36,712)

due for the period 01-10-2021 to 14-12-2021 for 75

days of Rs. @ 9.10% is total amount towards

Partial redemption i.e., Put Option exercise

3 Finance Concurrence:

G. O. Rt . No. 1457, Finance (FMU – I & I, Energy, I &

C) Department, dt: 23.06.2021.

3. Following are the drawing and disbursing details:

Sl.No. Particulars of DDO, Energy Dept., /Account Details of APPFCL

Drawing and Disbursing

Officer

Assistant Secretary to Govt., Energy

Department,

A.P. Secretariat

Cheque to be issued in

favour of

APPFCL

Current

Account

No.52117468653

iii

Bank

State Bank of India, SMC Branch,

Ramavarappadu, Vijayawada

GO RT/312/2021/ENE01-Energy

File No.ENE01/294/2020-POWER-III-Part(3)

IFSC Code

SBIN0016576

PAN No

AADCA0857D

Utilization certifcate to be

issued by

C & MD, APTRANSCO & Chairman, APPCC & MD,

APPFCL, Vijayawada

(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)

SRIKANT NAGULAPALLI

SECRETARY TO GOVERNMENT

The Chairman & Managing Director, APTRANSCO &

Chairman, APPCC, Vijayawada.

The Managing Director, A.P.Power Finance Corporation Ltd., Vijayawada.

The Assistant Secretary to Govt., & Drawing & Disbursing Officer,

Energy Department.

The Energy (OP) Department.

Copy to:

The Director of Treasuries and Accounts, Vijayawada.

The Pay & Accounts Officer, A.P. Ibrahimpatnam.

The Principal Accountant General (A&E), A.P., Vijayawada.

The Finance (Budget-I) Department.

SF/SC. (File No. ENE01/294/2020-POWER-III-Part(3), Computer No.1394810)

// FORWARDED :: BY ORDER //

SECTION OFFICER

GO RT/312/2021/ENE01-Energy

File No.ENE01/294/2020-POWER-III-Part(3)