x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   It's a war to weed out BJP: Hardik Patel's battle cry before Gujarat elections 2017 | Rahul's elevation as Congress chief likely before Gujarat polls | PM Modi, President Kovind, politicos pay tribute to Indira Gandhi on 100th birth anniversary | Martyred SI sent by ambulance to native place in Udhampur | Toyota Innova purchased for VC | 4 to 5 cases of deadly disease reported in GMC&H daily | Four months on, Chopra Nursing Home remains closed for repairs | Majid's surrender upsets terrorist handlers in PoK, Pakistan | Was Geelani not under house arrest on Friday? Separatists want to know! | Congress committed a blunder by bringing back Sheikh to power | Tug of war between Farooq Abdullah and Hurriyat leaders | City police solves theft case within 48 hours | 5 days Artificial Limb Camp | Successive Govts neglected Jammu region in all sectors: EMTM | Lecture on career prospects of girls in sports organized | SDO visits various areas of Hiranagar | AWICC outplays Media-XI CC by 25 runs | Dearth of doctors in hospitals, Govt refers vacant posts to PSC | Gives weightage to its Standing Orders ? | Police detain former HUJI militant, Sr police officials rush to Kishtwar | If Govt tackles unemployment problem war against militants is won | LeT Chief Zaki-ur Rehman's nephew among 6 foreign militants, IAF commando killed in gunfight | Football Club Rebels defeat GMHSS Nagri in SSB football cup | CM urges Centre for more facilities to Haj pilgrims | Dy CM inspects development projects at Billawar | How many more pieces will you cut India into?': Farooq Abdullah slams BJP | Heritage Festival organized | BCC wins Friendship Cricket Match | Don't study to earn, study to learn: Sham Lal Sharma | SPS celebrates 125 birth anniversary of Nehru | Gayatri Parivar conducts Bharti Sanskriti Gyan Pareeeksha | Talent hunt programme organized | Devinder Sharma Memorial District Open Table Tennis Championship declared Open | CUJ conducts yoga course | Election for post of President J&KPDP on December 2 at Jammu | Woman, daughter struck by lightning | Govt to establish Milk Villages in all districts | Traffic Police takes action against erring drivers | Industrial fraternity demands issuance of state package | Restrictions in parts of Srinagar after militant killed in shootout | IIT Mendhar to go hitech soon: IMC | Govt has no policy to improve traffic system in Jammu: Gupta | Lone launches CSR funded Ambulance service | Shri Amar Kshatriya Sabha demands ban on Padmavati | NMC seeks release of 6% DA to employees | Ravinder Slathia nominated as President of Press Club Kathua | RM Public School organises educational trip | KVK concludes training programme for orchardists | Kavinder for coordinated efforts to empower girl child | DPS organizes career counselling workshop | Mount Litera School organizes Aadhar Card making camp | BLSKS presents musical play ‘Ladli’ | NABARD launches EShakti | JEWA elects district body | Rajnath Singh asks J&K Govt to shift juveniles from jails to remand homes | Rich Harvest School organises Heritage Walkathon | Childline organizes quiz competition | Grameen Bank hands over PMJJBY claim to nominee | Volleyball starts in Jammu Police Sports Festival | World Antibiotic awareness week concludes | NDS organises multilingual Kavi Goshti | Muslim migrants discuss problems | Series of workshops conducted by BOSE concluded | Jodhamal Public School excels in Trinity College London examination result | Justice Kohli conferred Justice PN Bhagwati National Award | JKSSB concludes computer based test for 500 posts | GDC Samba wins Science Model Competition | GGM Science College organizes guest lecture | Grandparents' day celebrated | Regional Director visits Mahore, Dharmari Sub Divisions | Heavy snowfall in Jammu, Kashmir; Mughal Road, Srinagar-Leh highway shut | Scheduled, un-scheduled power cuts make life miserable for valley residents | CEO Kishtwar constitute 3 member committee to inquire into absenteeism | HC directs state to consider upgradation of GMS Chaknarwah to High School | 3 notorious criminals held with weapons | Bar Association, Jammu seeks action against Farooq Abdullah | Alleged rape case at Chassana | Contempt petition by specially abled lawyer | Court rejects bail of narco smuggler | HC bars H&UDD from allotting, auctioning 159 plots in Bemina | India is punching wrong keys on Kashmir problem "Keyboard" | Preserving Mansar and Surinsar lakes | Flying high in the sky but stuck on ground | Back Issues  
 
news details
Govt spends Rs 12,000 cr on power purchase, liquidating liabilities
Working out modalities to regularise casual PDD workers
1/11/2017 11:10:10 PM
Asif Iqbal Naik
Early Times Report

Jammu, Jan 11: Finance Minister Haseeb Drabu, in his budget speech on power sector and its reforms, has said that the state government spent Rs 12000 cr on Power Purchase and liquidating past liabilities during financial year 2016-17 and added that there was a transmission loss of 30 pc which is highest in the country.
He said that there are thousands of casual workers engaged over a period of time by the Department, who support regular employees in providing electricity supply to consumers added that these workers, many a times at a grave risk to their lives, have been giving assiduous service and support to the Department.
He said that the Government is working out a comprehensive policy for all such casual workers across various Departments for these workers in the PDD, especially in view of their job related risks. He said that despite this high level of public spending, the power situation on the ground--in winters in Kashmir and in summers in Jammu -- hadn't improved added that 'all the money spending seems like water off a duck's back'.
He said that till date, the government had liquidated more than Rs 4,000 cr of past liability and the balance will be cleared by the end of the financial year. He said that the power deficit in financial terms is a little more than Rs 2,500 crore after adjusting subsidy element and reasonable T&D losses and added that if this deficit is taken care of, 'we would have no budgetary deficit'.
He said that there are 23 lakh households in the state and three lakh households are still not electrified for which state is buying 3200 MUs to provide electricity to its 20 lakh households. Instead, they buy 6400 MUs for the household segment at an average consumption of 6 units per household after accounting for T&D losses of 30 per cent. He said to address the supply side of power, the Government is conscious of the need of enhancing the capacity of the power Transmission & Distribution infrastructure to cater to the normal growth of load over years and added that once implemented, he is confident that the Government will be able to give 24x7 quality, reliable and affordable power to all. He said that the accumulated liability not only carries a surcharge of 18 pc per annum, but there is always a threat of disruption of power to the state, by way of "power regulation" by the Gencos, in the event of continued default of timely payments. He said the total power purchase liability on this account ending 03/2016 was about Rs 8,000 crore, adding the surcharge burden of about Rs 1260 crore per annum.
"I am happy to announce that after adjusting power supply dues, the balance of Rs 1900 crores would be converted into equity, raising the equity contribution of the State Government in J&K SPDC," said Drabu.
"I intend to go for re-valuation of these projects/assets and treat this re-valued amount as additional equity of the Government in the Corporation. This is expected to add additional Rs. 1000 crores to the equity base of the J&K SPDC. Imagine a company having an equity base of Rs. 3000 crores and remains debt free while having a robust pipeline of projects to be executed. In a matter of two years time, this company will be in a position to go public, only the second one of the state after J&K Bank," said Drabu.
"An amount of Rs. 101.28 crore under RGGVY, Rs. 619.67 crore under DDUGJY and Rs. 781.93 crore under PMDP have been earmarked. The funds will be utilized for electrifying the un-electrified 108 villages in the state, providing electricity to 3.56 lakh un-electrified households and for augmenting rural power infrastructure. All the projects have been sanctioned, works have been tendered out and the contracts are under finalization. The works shall start soon and will be completed within next 2 years," said Drabu.
He saidthe state's own installed hydro power generation capacity is 1,419.37 MW comprising of 1,110 MW of HydroPower based stations, 198 MW thermal (Gas turbine) and 110.96 MW of SHPs. JKSDPC and CVPPL have drawn up a roadmap for systematic capacity addition in the hydro sector. "I am happy to inform the House that as a major thrust to hydro power generation, three important projects, namely, Sawalakot, Kiru and Kirthai have been cleared by the Central Electricity Authority" said Drabu and added that government has also started working on taping Small Hydro Electric Projects, Wind Energy upto 25 MW which can play a critical role in improving the overall energy scenario of the state. He said that government was making a provision of Rs. 100 crore in the Budget for FY 2017-18 towards "Energy Efficiency Initiatives".
Drabu said he was making a provision of Rs 2 crore in the Budget for FY 2017-18 for the training needs and Human Resource Development of the Power Development Department.
  Share This News with Your Friends on Social Network  
 
  Comment on this Story  
 
 
top stories of the day
Expanded health infrastructure makes no difference
Drabu presented Rs 76335 Cr annual budget for 2017-18, announce 7th pay commission for employees from April 2018
Where is Rs 80000 crore reconstruction Package?
Junior mali works as head clerk, cashier serving tea in social forestry deptt
NHM Coordinators throw obscene invectives over ASHA workers
Regularisation of employees; 7th pay commission from next April; Treasury system to be abolished
SC tames BCCI, Sports Ministry tames IOA, but JKOA remains untamed and anarchic
1st Appellate Authority provides 'tailored' reply
Prof Mattoo likely to join back as 'more powerful' Advisor to CM
Revenue, Forest cases likely to delay USBRL project by two years
Exploiting privileges to brag in front of common public
VVIPs illegally occupy more than 4 Lakh kanals of Kahcharai land in J&K
Govt spends Rs 12,000 cr on power purchase, liquidating liabilities
Expunge "My government" from Governor's address, comments MLC Paray
4088 missing youths from J&K are in PoK,Pakistan
Not just BSF jawan, now CRPF man also alleges lack of amenities for India's forces
People protest against removal of transformer
ARTO sermons on traffic awareness, forgets invalid number plate from his vehcle
Protests continue seeking judicial probe into Kashmir unrest
Opposition insecure over peace returning to Kashmir: Govt
Govt fails to preserve 100 year old monuments
Ministerial Cadre policemen elevated, executive wing left gazing at empty sky
Influential docs overstaying at DHS Jammu but who cares
Despite disconnection drive by PHE, influential miscreants at Katra manage illegal water connections
R&B JCBs damage roads instead of removing snow
CM not to succumb to separatist pressure over WPRs
19k Schools in Jammu lack basic facilities
Expunge "My government" from governor's address, comments MLC Parray
 
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU