Himachal Urges Centre To Increase Hydropower Royalties
POWER & RENEWABLE ENERGY

Himachal Urges Centre To Increase Hydropower Royalties

Himachal Pradesh chief minister Sukhvinder Singh Sukhu urged Union minister for power, housing and urban affairs Manohar Lal Khattar to raise the state's free power royalty share above the current 12 per cent for central public sector undertaking hydropower projects where the initial critical period of 12 years has ended. He also sought a higher allocation in the 180 megawatt (MW) Baira Siul hydropower project, pressing for 50 per cent free power as the project has completed 44 years since commissioning.

Sukhu highlighted delays in payment of energy arrears owed to the state under Bhakra Beas Management Board projects and set out social and environmental grievances arising from their execution. He said thousands were displaced, the state suffered adverse environmental impacts, and settlement of Pong dam oustees remained unresolved, emphasising the need for timely redress and compensation mechanisms.

The chief minister indicated that Haryana and Punjab may give consent to provide energy arrears totalling 13,066 million units (MU) due as of 31 October 2011, and that where arrears are converted to monetary terms the tentative amount stands at Rs 77.84 billion (Rs 77.84 bn) with a compound interest rate of six per cent to date. He urged that the central authorities reconcile accounts and expedite payments to alleviate fiscal pressure on the state.

Sukhu sought financial assistance for planned urbanisation projects including HimChandigarh and an Aero City at Kangra to spur economic growth, tourism and investment, and said the state has proposed projects amounting to Rs 11.79 billion (Rs 11.79 bn) under the Urban Challenge Fund across 24 urban local bodies. He added that projects worth Rs 6.6 billion (Rs 6.6 bn) were submitted in the first phase and requested release of Rs 123.3 million (Rs 123.3 mn) under the Clean Hilly and Himalayan Cities Initiative to ensure timely implementation of sanitation and waste management programmes.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Himachal Pradesh chief minister Sukhvinder Singh Sukhu urged Union minister for power, housing and urban affairs Manohar Lal Khattar to raise the state's free power royalty share above the current 12 per cent for central public sector undertaking hydropower projects where the initial critical period of 12 years has ended. He also sought a higher allocation in the 180 megawatt (MW) Baira Siul hydropower project, pressing for 50 per cent free power as the project has completed 44 years since commissioning. Sukhu highlighted delays in payment of energy arrears owed to the state under Bhakra Beas Management Board projects and set out social and environmental grievances arising from their execution. He said thousands were displaced, the state suffered adverse environmental impacts, and settlement of Pong dam oustees remained unresolved, emphasising the need for timely redress and compensation mechanisms. The chief minister indicated that Haryana and Punjab may give consent to provide energy arrears totalling 13,066 million units (MU) due as of 31 October 2011, and that where arrears are converted to monetary terms the tentative amount stands at Rs 77.84 billion (Rs 77.84 bn) with a compound interest rate of six per cent to date. He urged that the central authorities reconcile accounts and expedite payments to alleviate fiscal pressure on the state. Sukhu sought financial assistance for planned urbanisation projects including HimChandigarh and an Aero City at Kangra to spur economic growth, tourism and investment, and said the state has proposed projects amounting to Rs 11.79 billion (Rs 11.79 bn) under the Urban Challenge Fund across 24 urban local bodies. He added that projects worth Rs 6.6 billion (Rs 6.6 bn) were submitted in the first phase and requested release of Rs 123.3 million (Rs 123.3 mn) under the Clean Hilly and Himalayan Cities Initiative to ensure timely implementation of sanitation and waste management programmes.

Next Story
Real Estate

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Next Story
Infrastructure Transport

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Next Story
Infrastructure Urban

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement