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Work plan worth Rs 1,276.69 cr approved for Jammu and Kashmir

Thursday, 27 Aug 2020

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The Board of Directors of Jammu and Kashmir State Power Development Corporation (JKSPDC) has approved a work plan of Rs 1,276.69 crore for FY21.

The ongoing hydroelectric projects (HEP) for which the funds have been proposed in the work plan include 37.50 MW Parnai HEP (Rs 155.36 crore), 12 MW new Karnah HEP (Rs 44.59 crore), Dah-Hanu transmission line (Rs 70.20 crore), nine MW Dah HEP (Rs 11.86 crore), and nine MW Hanu HEP (Rs 11.81 crore).

The Board of Directors also approved capital works to the tune of Rs 172.45 crore for renovation, modernisation and uprating (RMU) of many operational HEPs.

It includes Baglihar-II HEP (Rs 24.90 crore), Sewa-III (21.53 crore), Lower Jehlum HEP (Rs 16.53 crore), Upper Sind HEP-II (Rs 18.34 crore), Chenani-I HEP (Rs 9.98 crore) and Chenani-III HEP (Rs 9.35 crore).

Besides, funds for the same purpose have been assigned for 11 other HEPs. An amount of Rs 333.81 crore has been proposed for new projects to be taken in hand in the current work plan.

These include new Ganderbal HEP (Rs 80 crore), Kirthai-I HEP (Rs 31.84 crore), Kirthai-II HEP (Rs 33.90 crore) and Lower Kalnai HEP (Rs 38.06 crore).

An amount of Rs 150 crore for Prime Minister's Development Package projects is also a part of this plan.

For meeting the operation and maintenance (O&M) costs of its already created assets and projects, an amount of Rs 269.22 crore has been kept aside. These include Rs 132.80 crore for BHEP-I and Rs 111.60 crore for BHEP-II.

Funds for some 18 other HEPs have also been proposed under this head. The corporation is anticipated to generate revenue of Rs 2,676.31 crore from different activities and loans. An amount of Rs 1,368.98 crore is expected to be realised from the sale of power by the corporation.

The same amount has also been contemplated to be spent on different activities, including works programme (2020-21) and repayment of loans and interest servicing.

Under Corporate Social Responsibility, the board had earlier provided a bus to a school in Ladakh and renovated another school building at Basholi, incurring a total cost of about Rs 19 lakh.

Approval has also been sanctioned for insurance cover for Rs 2,050 crore of Baglihar HEP stage one and two at a premium of Rs 37.14 crore for FY21.