x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Govt can retire employee at 48-yrs of age or after 22 yrs of service | Farooq’s Bathindi mansion built on state land mocks at system | Lone’s closest colleague leaves him in disarray | ‘Corrupt’ cop managing illegal activities, trade | JK reports 584 new cases of Corona Virus, 10 fresh deaths in 24 hours | Complaints closed without disposal on ground | Finance Deptt’s new notification leaves college teachers guessing | LG Sinha assures conservation, protection of culture & heritage of J&K | Book Deepika for hurting sentiments of people: Parneesh | Jhanzaib tears apart BJP for ‘zero’ development in Chenab region | COVID-19: Govt evacuates 6,73,525 stranded JK residents; 5,33,233 via Lakhanpur, 1,40,292 through special trains | Panchayat By Elections: DC holds meeting with ROs, AROs at Kathua | LIC launches New Jeevan Shanti scheme | VC SKUAST-J takes stock of School of Biotechnology | J&K needs sustainable solution to strengthen its economic base: VKS | SKS asks LG to clear stand on rehabilitation of KPs | NBS writes to Defence Minister | KCWT activists pay tributes to martyrs | KVK Reasi organizes Field Day on Sesame Crop | Heroin worth crores recovered in Mendhar | ‘We The Human’ reaches out to needy family in village Langotian | JKSAC observes black day, remembers martyrs of 1947 | Tejass Foundation holds protest against alleged corruption in Bijarani | Short-term course on virtual lab starts at Govt Polytechnic Jammu | Mehbooba Unnerved | India trashes 1959 LAC, China frustrated at India’s infra progress, claims Ladakh | Extension of DDC system of governance to jk an appreciable step but half backed | Munish Gupta asks government to solve problems of people of Sector 7 Lane 8 Guru Nanak Nagar | Farooq Abdullah reviews developmental scenario, implementation of schemes in Ganderbal | Union Home Secy reviews apportionment of assets and liabilities between J&K, Ladakh | Rahul Sahai appointed as Chairman PHDCCI of Jammu chapter | Steep price hike of essential commodities breaks backbone of poor | Deptt releases payments despite road works left midway | Govt sets up target to double enrolment in various developmental schemes | 15 years on, Anantnag continues to remain without Master Plan | Mehbooba gets back to work, holds first meeting of PDP | Two newly recruited Al-Badr militants surrender in Tujjar Sopore | ADC seizes FPS in Nowshera after misconduct comes to fore | Principal Secretary chairs DPC meeting of A&SH, promotes 143 eligible Veterinary Doctors | Advisor Bhatnagar reviews major H&ME projects of J&K | Chief Secretary reviews 'One District-One Product' scheme | Discrimination with PoK DPs escalated post scrapping Art 370, 35A: Chuni | JTC, stages protest demands jobs, relief | Commissioner Secretary reviews progress on recommendations of Committee on Business Revival in J&K | ECPFWA distributes tea set among War widows | JKCNGEEU highlights pending demands | IGP Jammu inaugurates Police Martyrs' Memorial Sports Festival | Court rejects bail of wife facing trial in husband's murder | JKTWO holds election, Balbir elected as chairman | Security forces launches CASO in north Kashmir | 14 bovines rescued, vehicle seized | Kailash Verma quits as adhoc committee member | Bandipora Police solves murder case; FIR registered, accused arrested | Bring some statute to regulate distributors and company, FAIVM urged Government | NGEU JU token strike continues, takes out protest rally | Common Kashmiri don't regret abrogation of Article 370: Aditi | JMC Mayor inaugurates development activities | Deepika deserves exemplary punishment for hurting sentiments of Hindus: Raman Suri | J&K LSA, Forest Department launch 'Miyawaki' method of Plantation | Naka Manjari Chowk dedicated to martyred constable | DC Poonch discusses arrangements for Dussehra, Eid-e-Milad-un-Nabi | Floral tributes paid to Paswan | SKY distributes free smart phones among underprivileged students | DM SMVDSB flags off Prabhat Pheri | NGO members meet SSP Traffic | District level inter zonal tournament starts at Udhampur | Registration camp for Ayushman Bharat Yojana held at Ward No 20 | Athletics competition held on third day of zonal level meet | News18 Urdu organizes musical talent hunt competition | I&C department's Divisional Level Committee sanctions subsidy cases of Jammu district | Udhampur: DAC on Youth programme discusses activities for current year | Bakaya inaugrates show room | Back Issues  
 
news details
CAG flags deficiencies in JKPDD, says J&K's power purchase deficit at Rs 14,871 cr in 2012-17
9/26/2020 11:44:43 PM
Early Times Report
Jammu, Sept 26: The CAG's performance audit of power purchase agreements and electric revenue collection for 2012-13 to 2016-17 have brought out deficiencies in Jammu and Kashmir Power Development Department (JKPDD).
The CAG in its report has flagged short comings in power purchase planning, signing and operationalisation of power purchase agreements, and collection of revenue. Besides, it also pointed out financial mismanagement and weakness in internal control.
J&K suffered a power purchase deficit of Rs 14,871 crore during 2012-17. As against an expenditure of Rs 24,299 crore incurred on power purchase during 2012-17, revenue realisation from sale of power was only Rs 9,428 crore, the Comptroller and Auditor General of India (CAG) said in its report on 'Social, General, Economic (Non-PSUs) Sectors' for the year ended 31 March 2017.
"The department (PDD) failed to meet its power requirement and the gap between unrestricted demand and self-generation available to the state ranged between 77 per cent and 84 per cent.
"Around 73 per cent to 76 per cent of the power requirement of the state was met through purchase from Central Generating Stations," the report, tabled in the Parliament this week, said.
It said JKPDD incurred an extra expenditure of Rs 840 crore on power purchased during 2012-17 due to deficiencies in planning and non-optimisation of power purchase cost. "The JKPDD made an avoidable payment of Rs 1,420.26 crore towards late payment surcharge and lost the opportunity to avail rebate of Rs 297.92 crore due to deficient financial management. It also had to shell out Rs 33.67 crore towards fixed charges without availing power due to imposition of regulation for delayed payments," the report said.
Due to non-completion of transmission infrastructure for evacuation of power, the report said, the department made an avoidable payment of Rs 543.47 crore towards idle capacity charges and energy charges on deemed generation to two power projects.
"Poor collection efficiency resulted in recoverable revenue of Rs 2,508.23 crore ending March 2017," it said. JKPDD failed to recover its power purchase cost due to operational inefficiencies like increasing gap between average cost of supply and average billing rate, high aggregate technical and commercial losses, which were at 62.56 per cent in 2015-16 and increased to 67.63 per cent in 2016-17, which resulted in foregone revenue of Rs 10,176 crore. The report said the department failed to implement revised tariff order approved by the Jammu and Kashmir State Electricity Regulatory Commission, resulting in loss of Rs 10.06 crore to the state exchequer. "The department had not devised any mechanism for filing objections on petitions filed by the generators," it said.
Meanwhile, the consolidated position of water usage charges assessed, collected and the balance outstanding against all the 29 power projects in J&K was not available with the department responsible for assessment and collection, CAG said.
"Only Rs 3,971.63 crore, 67 per cent of the assessed amount of Rs 5,950.55 crore in respect of 17 power projects had been recovered. Out of the total expenses of Rs 4,159.85 crore from the water usage charges fund, 2.40 per cent were allocated for creation of assets, 80.25 per cent were used for purchase of power.
"Purpose for which Rs 721.56 crore (17.35 percent) had been transferred to the Common Pool Account, could not be ascertained," the report said.
It said the revenue from water usage charges had proved to be only an additional resource mobilisation by J&K Government, especially for power purchase, and has not served the purpose of establishment and buying back of hydro electric projects and for capital investments in transmission and distribution network.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
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