Jammu, Feb 6: Minister for Finance A R Rather has called for an effective energy accounting mechanism to bring down burgeoning losses in power sector, which he said, is a stumbling block in the way of states development planning.
 He urged for joint efforts to bridge the gap between energy consumption and revenue receipts.
 Speaking at a review meeting of the power department convened here this after, the Minister said despite limited resources, “state has to spend about Rs 3000 crore on import of power against a revenue of only Rs 700 crore which is a matter of great concern and needs immediate attention of the authorities at the helm of affairs.”
 Minister of State for Power, Shabir Ahmad Khan was also present.
 Rather urged for a multi-pronged strategy to bring a turnaround in the power sector with emphasis on vigorous inspections, 100 percent metering and effective implementation of relevant laws to plug pilferages at various levels as also to affect targeted recoveries accurately.
 “Jammu and Kashmir is the single state where highest about 65 percent energy is lost due to power pilferage and T&D losses”, Rather said, adding that the state’s economy cannot afford this kind of huge deficit for along.

Lastupdate on : Mon, 6 Feb 2012 21:30:00 Makkah time
Lastupdate on : Mon, 6 Feb 2012 18:30:00 GMT
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