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Centre to provide liberal funding to make J&K power-surplus region: Union minister


Stating that Jammu and Kashmir is a challenge as far as providing round-the-clock electricity to consumers is concerned, Union minister R K Singh on Sunday said the Centre would spend liberally to tap the immense potential of the Union Territory in the sector to make it a power-surplus region.
However, he said a conducive atmosphere to facilitate large-scale investments and improving the work culture are imperative to bring Jammu and Kashmir at par with other parts of the country, after it lagged behind due to corruption during the previous regimes.
It is painful that Jammu and Kashmir, despite having the best available resources in the country to generate power, is lagging behind in providing round-the-clock electricity to consumers.the previous governments are directly responsible for the present state of affairs, Singh said. ....

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Liquidity infusion in DISCOMS


Liquidity infusion in DISCOMS
I t is a matter of great satisfaction that the Rs. 90000 crore liquidity infusion into cash starved DISCOMS of the country under The Atmanirbhar Bharat Abhiyan Scheme as announced by the Union Finance Minister is being availed of by the Union Territory to bail out Jammu and Kashmir Power Development Department of its mounting power liability of Rs.11025 crore. Although the scheme is primarily helping those distribution companies (DISCOMS) which faced demand slump due to the unprecedented crisis of COVID-19 pandemic to pay off their outstanding liabilities, the liabilities outstanding against the Jammu and Kashmir PDD and allied power agencies are fundamentally on account of non – realisation, delayed realisation, staggered realisation and even less realisation of power tariff from the consumers. However, the loan assistance was going to vastly help the UT of Jammu and Kashmir in squaring off its huge power liabilities. The preliminaries in resp ....

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