• About Us
  • Contact Us
  • Our Team
  • Advertising
  • Privacy Policy
  • Terms of Service
Sunday, July 6, 2025
Lake City Times
No Result
View All Result
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper
No Result
View All Result
Lake City News
No Result
View All Result
Home Top News

J&K’s power losses mount

Interest on Rs 31000 cr loan increases by Rs 5000 cr annually

LCT Desk by LCT Desk
October 24, 2023
in Top News
Reading Time: 1min read
A A
Share on FacebookShare on TwitterWhatsappTelegram

Owais Gul

Srinagar, Oct 23: The electricity losses to the Power Development Department are increasing in Jammu and Kashmir as the annual interest on the loan amount of Rs 31000 crore to pay the power dues by the government is increasing by nearly Rs 5000 crore.
Sources privy to the development said that there is enough power capacity in transmission. “At present, there is a power capacity of 3000 Megawatts in the transmission, but only 1400 MWs are being supplied as the department has no money available to procure more electricity,” the sources said.
They added that the lack of money is the outcome of the delay in paying electricity tariff by the consumers. “If consumers would be able to pay the electricity dues on time, it would be easier for the government to ensure adequate electricity to the people,” they said.
About the losses due to the lack of public coordination, the sources said that the government had to get a loan of Rs 31000 loan last year to pay the electricity dues borrowed from outside.
“Interestingly, the annual interest on the loan amount is increasing by Rs 5000 crore, which adds to the losses every year in Jammu & Kashmir,” sources said, adding that if the consumers start paying the electricity dues on time, the situation would improve at an earliest.
Earlier this year, Kashmir Power Distribution Limited Corporation (KPDCL) launched a drive against the ‘chronic defaulters’ by disconnecting the electricity supply to 1350 consumers having smart meters.
The officials had said that the KPDCL has disconnected the power supply to 1350 consumers having smart meters.
“The process to disconnect the electricity supply to chronic defaulters is already going on. There is nothing new in it. But, for the first time, the consumers having smart meters have faced the action,” he had said.

READ ALSO

Srinagar surpasses 72-yr-old record, swelters at 37.4 degrees

Elections no pre-requisite for J&K’s statehood restoration: CM’s Advisor

Related Posts

Top News

Srinagar surpasses 72-yr-old record, swelters at 37.4 degrees

July 6, 2025
Heatwave: Srinagar records third highest-ever May temperature

Owais Gul Srinagar, Jul 5: In the ongoing heatwave across Kashmir, Srinagar, the summer capital of Jammu and Kashmir, has...

Read more
by LCT Desk
0 Comments
Top News

Elections no pre-requisite for J&K’s statehood restoration: CM’s Advisor

July 6, 2025
Elections no pre-requisite for J&K’s statehood restoration: CM’s Advisor

Owais Gul Srinagar, Jul 5: Senior National Conference (NC) leader and Chief Minister Omar Abdullah’s Advisor, Nasir Aslam Wani, on...

Read more
by LCT Desk
0 Comments
Top News

Lt Governor, CM pay tributes to Karbala martyrs’

July 6, 2025
Lt Governor, CM greet people on Ram Navami

Srinagar, Jul 5: On the eve of Ashura, the 10th day of Muharram, the Lieutenant Governor Manoj Sinha recalled the...

Read more
by LCT Desk
0 Comments
National

‘Operation Sindoor shows Govt’s resolve for Swaraj’

July 6, 2025
Amit Shah constitutes inter-ministerial team to probe Budhal deaths

Ahmedabad, Jul 5: Union Home Minister Amit Shah on Saturday said ‘Operation Sindoor’ reflects the Modi government’s strong commitment to...

Read more
by LCT Desk
0 Comments
Top News

Amarnath Yatra: Lt Governor directs officers to implement comprehensive safety measures

July 6, 2025
J&K’s manufacturing ecosystem growing: Lt Governor

Yogesh Srinagar, Jul 5: Following a collision between the buses on Jammu-Srinagar National Highway ferrying Amarnath pilgrims to Pahalgam, Lieutenant...

Read more
by LCT Desk
0 Comments
Top News

In 3 days, over 47,000 pilgrims pay obeisance at Amarnath Cave Shrine

July 6, 2025
Amarnath Yatris at Baltal thank govt for ‘up to the mark’ arrangements

Umaisar Gull Ganie Jammu, Jul 5: Amid stringent security arrangements and multi-layer protection more than 47,000 pilgrims have paid obeisance...

Read more
by LCT Desk
0 Comments
Next Post
Garlic benefits for your skin, hair, health

Garlic benefits for your skin, hair, health

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Contact Us
  • Our Team
  • Advertising
  • Privacy Policy
  • Terms of Service

© 2021 Lake City Times - Premium theme by GITS.

No Result
View All Result
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper

© 2021 Lake City Times - Premium theme by GITS.