City
Epaper

Have repaid Rs 28,000 crore power debt, says J&K L-G

By IANS | Updated: August 12, 2024 16:15 IST

Srinagar, Aug 12 J&K Lt. Governor Manoj Sinha said on Monday that the union territory administration has paid ...

Open in App

Srinagar, Aug 12 J&K Lt. Governor Manoj Sinha said on Monday that the union territory administration has paid the huge power debt bill and the people here would continue to get cheaper electricity than other states and UTs.

Addressing a press conference at the Sher-e-Kashmir International Convention Centre (SKICC) in Srinagar, the Lt Governor said the J&K administration had got huge power debts worth Rs 28,000 crore as a legacy.

“We have been able to repay it. I also want to put it on record that J&K people are getting the cheapest power and there has been no power hike in the past three years. People must pay for the government services they avail. People must cooperate with us and pay for the power they use so that we can ensure 24 by 7 power for them. Metering has been a successful step to prevent power theft.”

Speaking about the UT’s budget passed in Parliament recently, the Lt Governor said the increase in the allocation shows the Centre’s seriousness towards the development of J&K.

On July 23, the Rs 1,18,390 crore budget was presented by Union Finance Minister Nirmala Sitharaman for J&K in Parliament.

L-G Sinha said the J&K administration is committed to the holistic development of the UT.

“We are committed to giving a big boost to all sectors whether it is agriculture, horticulture, power, infrastructure, etc., to the UT. We have successfully ensured to pull out the J&K Bank from huge debts and have turned it into a profit-making financial institution of the UT,” he asserted.

Electric power has been the perpetual woe for the people of J&K. Its paucity in summer adversely affects the lives of consumers in the Jammu region where consumers require fans and ACs to cool themselves in the scorching summer heat. In the winter months, the consumers in Kashmir need more electric power in bone-chilling cold.

The government has been saying that electric power is cheapest in J&K when compared to places outside. The people rue that its supply is barely restricted to five or six hours a day which puts the consumers to inconvenience. Ironically, the UT has huge electric power generation potential because of rivers, but lack of funds makes the construction of hydroelectric power generation projects difficult.

The result has been that the NHPC has constructed hydropower projects on rivers in J&K and the people have to buy electric power generated from their own rivers.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalSand, dust storms affect 330 million worldwide, cause 7 million premature deaths annually: UN

EntertainmentKota Srinivasa Rao dies at 83: Chiranjeevi, Pawan Kalyan, and Prakash Raj visit the late actor's residence to pay their respects

InternationalAustralian's Foreign Minister Penny Wong announces 34 recipients of Maitri Grants

EntertainmentAadesh Chaudhary Opens Up: Acting Is a Constant Hustle, Struggles Never Really End

CricketKiwi batter Devon Conway replaces injured Finn Allen for T20I tri-series against Zimbabwe, South Africa

Business Realted Stories

BusinessPiyush Goyal highlights key engagements across banking, MSMEs, aerospace, and infrastructure

BusinessIPL valuation hits $18.5 bn, up 12.9%, fueled by media rights, sponsors, and fan engagement

BusinessIndian stock markets to track Q1 earnings, tariff talks, and macroeconomic data this week: Experts

BusinessCentre's semiconductor push could cut chip imports by USD20 bn: McKinsey

BusinessBillionaires gather in Sun Valley in US for Allen & Co.'s annual conference