Shimla (Apr 5): The Himachal Pradesh government is suffering a loss of over Rs 100 crore annually on account of royalty from a multi-core hydro power project due to litigation.
This was stated by Himachal Pradesh Chief Minister Prem Kumar Dhumal in a written reply in the state Assembly today while replying to a query raised by GS Bali (Nagrota-Cong). He said that delay of four-and-a-half years has occurred in the
Commissioning of 960 MW Thopan-Powari-Jangi hydro power project, thereby caused a loss of about 2,300 million units so far. The project was awarded to Dutch firm Brakel Corporation on December 1, 2006, after canceling earlier award to M/s Reliance Infrastructure.
The government has been bearing a net loss of about Rs 500 crore as it was scheduled to get 12 per cent free power from the firm. The project, located in Kinnaur district, requires an investment of Rs 6,000 crore. The project is currently under litigation and the case has been listed for hearing in the Supreme Court on April 18.