Srinagar: Power liabilities on account of power purchased from outside utilities have reached a staggering Rs 14,164 crore due to mismatches in power purchases and revenue collection that are depleting J&K’s exchequer.
Greater Kashmir was informed by a top Power Department official that J&K’s outstanding electricity debt has reached Rs 14,164 crore and that the government is having trouble paying it off because of a revenue shortfall resulting from power purchases and revenue collection.
“J&K purchases power for an average of Rs 7500 crore per year from the central government’s power generation companies including National Thermal Power Corporation (NTPC), National Hydroelectric Power Corporation (NHPC),
