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CHAPTER V


1[THE WORKS AND TRADING PROCEDURE OF THE BOARD AND THE GENERATING COMPANY]








Preparation
and
sanctioning
of scheme.

 

    
2[28. (1) For the efficient performance of its duties under this Act, the Board or a Generating Company, as the case may be, may prepare one or more schemes, relating to the establishment or acquisition of generating stations, tie-lines, sub-station or transmission lines, as are referred to in clause (e) of section 18 or clause (c) of sub-section (I) of section 18A, as the case may be.

 (2) The Board or, as the case may be, the Generating Company  which has prepared a scheme may, sanction such scheme either generally or in respect of any part of the area specified in the scheme and where a scheme has been sanctioned in respect of any part of the area, such scheme may subsequently be sanctioned in respect of any other part of that area:

 Provided that where the scheme is of the nature reffered to in sub-section (1) of section 29, the scheme shall not be sanctioned (generally or for part of an area) by the Board or the Generating Company except with the previous concurrence of the Authority.
  

 (3) Every scheme sanctioned under this section shall be published in the Official Gazette and in such local newspapers as the Board or, as the case may be, the Generating Company may consider necessary.



Submission
of schemes
for concurrence
of Authority.


     29. (1) Every Scheme estimated to involve a capital expenditure exceeding one crore of rupees shall, as soon as may be after its preparation, be submitted to the Authority for its concurrence.

     (2) Before finalisation of any scheme of the nature referred to in sub-section

(1) and the submission thereof to the Authority for concurrence, the Board or,as the case may be, the Generating Company shall cause such scheme, which among other things shall contain the estimates of the capital expenditure involved, salient features thereof and the benefits that may accrue therefrom, to be published in the Official Gazette of the State concerned and in such local news-papers as the Board or the Generating Company may consider necessary along with a notice of the date, not being less than two months after the date of such publication, before which licensees and other persons interested may make representations on such scheme.
  


  
   1 Subs by s 16, ibid., for the former heading (w.e.f. 8-10-1976)
   2 Subs. By s. 17, ibid., for ss 28 and 29 (w.e.f. 8-10-1976).

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