Power companies defaults on development fund of 264 cr to Himachal govt

Shimla: Hydro projects in Himachal Pradesh still have to pay Rs. 264 crore to the state government against local area development dam in himachalfund (LADF). This was disclosed by Chief Minister, PK Dhumal in reply to a question of Tejwant Negi, MLA from Kinnaur.

Dhumal informed that the state has received Rs. 185 crore while Rs. 264 crore is still due from these companies including the public sector undertakings.  He said the companies have been asked to pay up the balance amount.

Dhumal, who also holds the power portfolio informed the house that JP group operated Karcham Wangtoo project owes the state Rs. 33 crore. He said the government has issued notice to the company to pay up the remaining payment.

He said the public sector undertakings including NTPC and NHPC executing hydro projects in the state have also defaulted on payments to the tune of Rs. 157 crore.

The state was yet to receive the amount under LADF from 118 projects being executed in the state.

As per the hydro power policy of the state, it is mandatory for all hydro power projects above 5 MW to pay 1.5% of the total project cost as local area development fund while projects below 5 MW potential have to pay 1% of the project cost.

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One Response to "Power companies defaults on development fund of 264 cr to Himachal govt"

  1. Pingback: LADF not paid | SATLUJ VALLEY

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