x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Symposium on Drug de-addiction held at Akhnoor | APS Kaluchak organizes 'Summer Camp Culmination Ceremony' | LWWS stages "Nukad Natak" | Gurmat Samagam organizes 550th birth anniversary of Guru Nanak | ABVP demands action against those who attacked students in NIT Srinagar | IPTA organizes multilingual mushaira | KNIT celebrates anti Terrorism week | Eco-friendly incense stick making unit started | Arohi Productions conduct screening test | SMVD sports complex to assist outstanding sportspersons | Women to run for fitness in Jammu city today | Only healthy child can contribute to healthy future: Sham Sharma | Inter School Rope Skipping Championship concludes | Awareness programme on cleanliness organized | Jammu Admin to host Summer School Olympaid | GDC RS Pura organizes career guidance programme | JKLDCSA appeal Governor to concede their demands | NC, PDP suffered most in terms of vote-share | Alliance with BJP defeated me, Mehbooba | PDP gets 3 out of 46 Assembly seats in Kashmir | Udhampur: CEO accused of favouritism | Guv admin concerned over delay in furnishing info about developmental works | Can't allow few people to decide our destiny: Munish | School Edu Deptt defies HC orders | Affected farmers pin hopes on elected BJP MPs | PWD Reasi abandons Bhambla- Stoti road project midway | KPS organizes grandparents day | BBIA elects office bearers | Apni Mandi commences at Tapyal | JMC organizes awareness programme on SWM | Grameen Bank felicitates meritorious officials | Naresh Kumar, Dr HS Paul felicitate Padamashri Sir William Mark Tully | BJP leader hails Jammu West voters for overwhelming support to party | Empowering women for poverty reduction | Modi, a nation savior | Triumph of Nationalism | Decade on, Drabsahalla-Chalasu-Bimalnag link road awaits completion | Engineer Rashid's performance in north Kashmir unnerves NC, PDP, PC | Div Com reviews action taken for rehabilitation of mule owners | Govt orders prosecution of 2 Ansar Gazwatul Hind affiliates | DC Kishtwar sets week's deadline for shifting Marwah-based offices | SKUAST-K entrance exam as per schedule tomorrow | Internet services resumed | Action taken against 4 absentee Doctors | Nearly 80% candidates lost security deposit in LS polls | 'Fieldwork for EC to start next month' | Director Agriculture reviews achievements of Farmers' welfare schemes | Police hold meeting with retired police personnel of District | Harbhan Pummy hails West Pakistan Refugees for supporting BJP | FSO team raids unhealthy Food premises | Div Com. IGP Jammu reviewed Shri Amarnath Yatra 2019 arrangements | People of Jammu, Ladakh want immediate removal of Articles 370, 35A: Brig Gupta | 20 kanal prime land retrieved at Samba | Court reject bail of alleged cheater | Power shut down | Advisor Skandan interacts with scientists, varsity admin at SKUAST | Curfew continues in parts of Kashmir for second day | Traffic resumes on Jammu-Srinagar Highway after remaining closed for 13 hours | Lok Adalat held at Jammu Court Complex | J&K police files charge sheet in 17 days against accused in Sumbal rape case | Three officials suspended in Bandipora, disciplinary action against four doctors | JKLADCSA urges Governor to take action against CEO Udhampur | Woman alleges rape, case registered at Bus Stand Police Station | Soldier commits suicide with service weapon | AAP challenges Jammu BJP leadership to achieve goals | Missing lady, teenage girl traced | Bootlegger nabbed, liquor recovered | Bootlegger nabbed with 140 quarters of illicit liquor | Two bovine smuggling bids foiled, thirteen animals rescued | Police arrest Absconder | 285 Kgs of Bhukki detected at Toll Post Lakhanpur | 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