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Jammu KashmirPower purchasing cost haunts Govt

Power purchasing cost haunts Govt

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Power purchasing cost haunts Govt

NL Correspondent

SRINAGAR: The power purchasing cost will put further burden on the state as the government has projected that power purchasing cost will be almost doubled in the next five years to meet the demand of consumers in the state.

According to official documents, the power purchasing cost is expected to reach to Rs 4800 crore in the current fiscal.

While the power development department has projected that it would purchase power from Rs 5,058.42 in 2017-2018.  During 2018-2019, the power purchasing cost is expected to reach Rs 5599.63 crore. The department according to these documents has projected to purchase power Rs 7325.13 crore in 2020-2021.

For the last one decade, around Rs 30,000 crore has been spent on power purchase by the state. The state government has spent Rs 1355 crore on power purchase in 2006-07, Rs 1750 crore in 2007-08, Rs 2034 in 2008-09.

In 2011-2012, the data reveals that Rs 3000 crore was spent on power purchase. During 2015-16, Rs around 4800 crore were spent on power purchase by the state. While there has been around 50 percent revenue generation gap over the years and power liabilities have reached to Rs 8,000 crore.

The documents reveal that during the 2014-2015 and 2015-2016, there was a revenue generation gap of Rs 3913.19 and Rs 3426.50 crore respectively.

To reduce the revenue generation gap, the PDD has also decided to expedite the installation of metering process and has set up the 2019 deadline for its completion.

The state is facing power crisis as the demand for electricity is far higher than being supplied to the consumers.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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