STOCK MARKET BSE NSE

New plans to make power sector healthy

Published: 13th July 2013 09:25 AM  |   Last Updated: 13th July 2013 09:25 AM   |  A+A-

Siddaramaiah on Friday announced that the financial relief provided to farmers, using irrigation pump-sets up to 10 HP would continue. He also announced government assistance to provide and energise 25,000 more IP sets under the Ganga Kalyana scheme in the following year.

He stressed the need to maintain a healthy power sector for growth. Highlighting the Rs 19,531 crore loss that the Karnataka Power Corporation Limited is facing due to pending arrears from ESCOMS, Siddaramaiah said that these would have to be borne by the government.

The Budget he also waived  electricity dues, including penalty for Bhagyajyothi and Kuteerjyothi beneficiaries, up to May 13 this year. A pilot project for providing solar pumpsets up to 5 HP to farmers will be implemented in two districts.

The number of transformer repair centers will be increased to 100 in rural areas and extra transformer banks will be maintained.  The government would subsidize 7 per cent of the cost of solar home appliances.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp