www.govtpressmp.nic.in 'B fcn<n Wfi(lT %. — The MADHY PRADESH ELECTRICITY REFORMS ACT 2000

140J www.govtpressmp.nic.in 'B fcn<n Wfi(lT %. r~~ (~) vrf~~~ ::rm:, 29 9, 1934 29 2012 No.2657/F-3-4-2012/XIII -In exercise of the powers conferred by sub-sections (1), (2), (5), (6) and (7) of Section 131 of the Electricity Act, 2003 (36 of 2003) read with sub sections (1), (2) and (3) of Section 23 and sub-section (2) of Section 56 of the Madhya Pradesh Vidyut Sudhar Adhiniyam, 2000, and read with the provisions of the Madhya Pradesh Electricity Reform Transfer Scheme Rules 2006 notified on 3 June 2006, the State Government hereby makes the following amendments to the Schedule 3 of the said Rules in relation to the Cash Flow Mechanism provided therein. The said Schedule 3 shall be substituted with the modifications as provided herein effective from 1.4.2012: SCHEDULE 3 The main objective of the Cash Flow Mechanism (CFM) was the centralization of the cash management function across all the six Companies, namely Madhya Pradesh Power Generating Co. Ltd, (herein after called as 'GENCO!), Madhya Pradesh Power Transmission Co. Ltd. (TRANSCO), Madhya Pradesh Poorv Kshetra Vidyut Vitaran Co, Ltd, (East DiscomL Madhya Pradesh Paschim Kshetra Vidyut Vitaran Co. Ltd. (West DiscomL and Madhya Pradesh Madhya Kshetra Vidyut Vitaran Co. Ltd,(Central Discom)! (collectively called as 'DISCOM or DISCOMs'), and M.P. Power Trading Co. Ltd. (TRADECO) with the Madhya Pradesh State Electricity Board (MPSEB), The CFM has been in operation since 3,6,2006 and with effect from 1.4,2012 the CFM is being modified to the extent mentioned herein essentially to provide for the Transco and Genco to be outside the operation of the CFM in the manner provided as under. 1. Basic Principles of Cash Flow Mechanism: TRADECO shall have first charge over entire generation of the GENCO from the stations and p