news details |
|
|
| ‘Power reforms shoring results’ | | | Early Times Reporter
Jammu | Jan 16
Presenting a separate power budget in the legislative assembly, the Finance Minister Tariq Hameed Karra said that the power reforms are showing results and the scenario is up for change.
Referring to Power Reforms in the state, the Finance Minister said, “for the purpose a tripartite Memorandum of Understanding with Planning Commission of India and Union Ministry of Finance had been executed in August 2000 for a central assistance of Rs. 3900 crores over a period of three years with Rs. 1300 crores every year in shape of Power Reform Grant (PRG). Under which focus is laid on the source of fiscal imbalance for covering balance in current resources and ensure proper use of special additional central assistance”. He said that under PRG Rs. 300 crore balance amount of last financial year was expected to be released shortly.
The Finance Minister said that 390 MW Dulhasti power project has been commissioned resulting in additional of 47 MW free power to the state. He said 450MW Baglihar phase-I project was nearing completion and scheduled to be commissioned by the middle of 2008. He said that 450 MW Baglihar phase-II Sawlakote-I and II, Kirthai-I, Kuru, Kawar, Ratle on Chenab basins, new Ganderbal project on Sindh and Hanu project on Indus river with a total capacity of 3796 MW would be taken up for execution in the 11th Plan.
Later, interacting with media, Mr. Karra explained the salient features of the budget and described it Pro-people so far as increase in Capital component and decrease in Revenue component have been effected. |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
