• About Us
  • Contact Us
  • Our Team
  • Advertising
  • Privacy Policy
  • Terms of Service
Friday, October 16, 2026
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

Any terror attack originating from Pak will invite befitting response: Rajnath

Development of Ladakh top priority for Centre: PM

Related Posts

National

Any terror attack originating from Pak will invite befitting response: Rajnath

October 16, 2026
Any aggression by Pak in Sir Creek will invite strong response: Rajnath

New Delhi, Oct 15: Stating that India’s commitment to peace should not be mistaken for a lack of resolve to...

Read more
by LCT Desk
0 Comments
Top News

Development of Ladakh top priority for Centre: PM

October 16, 2026
India will never accept mediation: PM Modi

Leh, Oct 15: Prime Minister Narendra Modi on Thursday virtually inaugurated and dedicated to the nation five development projects worth...

Read more
by LCT Desk
0 Comments
Top News

ECI defers voter revision exercise for J&K

October 16, 2026
ECI sets ball rolling for assembly polls in J&K

Srinagar, Oct 15: The Election Commission of India (ECI) on Thursday said that the schedule for the Special Summary Revision...

Read more
by LCT Desk
0 Comments
Top News

Govind Jaiswal posted as Principal Secretary to Lt Governor

October 16, 2026
Govind Jaiswal posted as Principal Secretary to Lt Governor

Srinagar, Oct 15: The Jammu and Kashmir Government on Thursday ordered the posting of Govind Jaiswal, IAS (AGMUT: 2007) as...

Read more
by LCT Desk
0 Comments
Top News

Sonamarg to be developed as year-round destination: CM

October 16, 2026
Sonamarg to be developed as year-round destination: CM

Ganderbal, Oct 15: Chief Minister Omar Abdullah on Thursday said the government is working to develop Sonamarg as a year-round...

Read more
by LCT Desk
0 Comments
Top News

Sports provide constructive path for youth empowerment: Lt Governor

October 16, 2026
Local recruitment in terror outfits zero, no commander alive in Kashmir: Lt Governor

Srinagar, Oct 15: Lieutenant Governor Manoj Sinha, on Thursday said that sports provide a constructive path for youth empowerment and...

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

Garlic benefits for your skin, hair, health

  • 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.