Indian exploiting water resources of IHK
SRINAGAR: Government of India has been exploiting the water resources of Jammu and Kashmir for many decades for power generation, but ironically the cost incurred by state on the purchase of electricity is increasing with every passing year, official document reveals. In a public notice issued by the Development Commissioner, Power Development Department (PDD) on April 26, it has been said that the power purchase costs are projected to reach Rs 1900.35 crores for the financial year 2008-09. Such costs incurred during 2007-08 have been recorded as Rs 1799.02 crores even though the same was approved at Rs. 1697.6 crores.
According to the public notice, the losses suffered on account of transmission and distribution during 2007-08 has been put at Rs 4322.73 crores as against the approved loss of Rs 3723.3 crores for the same period. The losses are expected to reach Rs 4425.09 crores for 2008-09. Touching upon the aspect of transmission and distribution losses the notice says that the same would reach 49 percent for 2008-09, while it was recorded as 49.8 percent for 2007-08 as against the approved loss of 46.7 percent.
Going by the projected figures the gross expenditure is likely to reach Rs. 2313.47 crores for 2008-09. It was recorded at Rs 2170.62 crores during 2007-08 as against the approval of Rs 2075.8 crores. The interest and finance charges have also exceeded the set targets with them being recorded at Rs 19.45 crores as against the approved charges of Rs 18 crores. The same has been put at Rs 18.19 crores for 2008-09.
The expenses to be incurred by the department on its employees during 2008-09 are likely to reach Rs 273.54 crores with the same being recorded as Rs 238.41 crores during 2007-8 as against the approved expenses of Rs 215 crores. The R& M expenses likely to be incurred by the PDD during 2008-09 are expected to reach Rs. 44.22 crores with the same being recorded as Rs. 43.52 crores as against the approved expenses of Rs. 56.6 crores.
On depreciation, the notice says that the costs on account of this head are likely to reach Rs 77.17 crores during 2008-09 with the same being recorded as Rs 70.23 crores for 2007-08 as against the approved expenses of Rs 73.6 crores. The revenue gap between the net expenditure and expected revenue has been recorded at Rs 1578.64 crores even though the same had been put at Rs 1272.9 crores. For 2008-09 the same has been put at Rs 1394.47 crores and one cannot rule the possibility that this target would be surpassed.
The public notice says that the non-tariff income is likely to reach rupees three crores for 2008-09 with the same being recorded as Rs. 1.945 crores as against the expected income of rupees two crores. It adds that the expected revenue at the proposed tariff is likely to reach Rs. 919 crores during 2008-09 with the same being recorded as Rs. 591.98 crores as against the expected income to be Rs. 802.4 crores.
On energy, the notice says that 9028.90 mega units are likely to be available during 2008-09 with the same being 8674.15 mega units during 2007-08 as against the approved energy of 7966.6 mega units. It adds that 4603.81 mega units would be available for sale during 2008-09 with the same being 4351.42 mega units during 2007-08 as against the projected energy of 4243.3 mega units.-SANA
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