Power Firms Owe Rs 11.78 Billion to Himachal Power Board
POWER & RENEWABLE ENERGY

Power Firms Owe Rs 11.78 Billion to Himachal Power Board

Over 20 independent power producers collectively owe Rs 11.78 billion to the Himachal Pradesh State Electricity Board for surveys, investigations, and the preparation of detailed project reports, Chief Minister Sukhvinder Singh Sukhu informed the state Assembly on Tuesday. The Baspa project alone accounts for Rs 8.75 billion of the total outstanding amount.
Responding to a question raised by Congress MLA Kewal Singh Pathania, the Chief Minister explained that delays in recovering the dues were primarily due to disagreements over the applicable interest rate. He stressed that the government would not compromise the state’s financial interests and has appointed senior legal experts to represent Himachal Pradesh in its disputes with various power developers.
Sukhu added that the state has engaged top lawyers to argue its case in the Supreme Court hearing on 17 September, which concerns the reversion of the Shanan hydropower project to the state. Additionally, a case regarding pending arrears from the Bhakra Beas Management Board (BBMB) is scheduled for hearing in the apex court on 10 September.
The Chief Minister also expressed hope of securing an additional Rs 2.5 billion in royalty from JSW following a favourable court ruling. Further, the Energy Department has issued a notice to the Baira Siul hydel project demanding its return to the state government, as the 40-year operating term has expired. This matter is currently under consideration in the High Court.
Meanwhile, Deputy Chief Minister Mukesh Agnihotri addressed public transport concerns during the zero hour, stating that the government would not reinstate Himachal Roadways Transport Corporation routes where even diesel costs were not being recovered.
Raising the issue, BJP MLA Randhir Sharma said the closure of bus routes has caused significant hardship to residents, particularly school-going children in his constituency. In response, Agnihotri assured the House that the government would re-examine the matter if student mobility was being affected.
The developments underline the state government’s efforts to reclaim financial dues, defend its resource rights, and balance public service delivery with fiscal responsibility. 

Over 20 independent power producers collectively owe Rs 11.78 billion to the Himachal Pradesh State Electricity Board for surveys, investigations, and the preparation of detailed project reports, Chief Minister Sukhvinder Singh Sukhu informed the state Assembly on Tuesday. The Baspa project alone accounts for Rs 8.75 billion of the total outstanding amount.Responding to a question raised by Congress MLA Kewal Singh Pathania, the Chief Minister explained that delays in recovering the dues were primarily due to disagreements over the applicable interest rate. He stressed that the government would not compromise the state’s financial interests and has appointed senior legal experts to represent Himachal Pradesh in its disputes with various power developers.Sukhu added that the state has engaged top lawyers to argue its case in the Supreme Court hearing on 17 September, which concerns the reversion of the Shanan hydropower project to the state. Additionally, a case regarding pending arrears from the Bhakra Beas Management Board (BBMB) is scheduled for hearing in the apex court on 10 September.The Chief Minister also expressed hope of securing an additional Rs 2.5 billion in royalty from JSW following a favourable court ruling. Further, the Energy Department has issued a notice to the Baira Siul hydel project demanding its return to the state government, as the 40-year operating term has expired. This matter is currently under consideration in the High Court.Meanwhile, Deputy Chief Minister Mukesh Agnihotri addressed public transport concerns during the zero hour, stating that the government would not reinstate Himachal Roadways Transport Corporation routes where even diesel costs were not being recovered.Raising the issue, BJP MLA Randhir Sharma said the closure of bus routes has caused significant hardship to residents, particularly school-going children in his constituency. In response, Agnihotri assured the House that the government would re-examine the matter if student mobility was being affected.The developments underline the state government’s efforts to reclaim financial dues, defend its resource rights, and balance public service delivery with fiscal responsibility. 

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App