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. 

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code