J&K incurring power loss of Rs 34,00 crore annually, says L-G
Despite initiating several reforms in the power sector the Union Territory administration in Jammu & Kashmir is struggling to scale up the revenue collection and bring down the revenue losses.
On Monday Lt Governor Manoj Sinha while launching the Smart meters project revealed that the UT is still incurring an annual loss of Rs 3,400 crore in transmission and distribution of power.
Urging consumers to install smart meters to ensure uninterrupted supply of power, Sinha said at present we are purchasing electricity for Rs 6,000 crore but only getting a revenue of Rs 2,600 crore. We are suffering a loss of Rs 3400 crore annually”.
