Govt to set up Srinagar-Leh power transmission link
The Finance Minister also asked the state governments to prepare the financial restructuring plans quickly.
New Delhi: The government has announced construction of a power transmission link between Srinagar and Leh at an investment of Rs 1,840 crore. "To improve power supply in the Leh-Kargil region (Jammu & Kashmir) and connect it to the northern grid, the government will construct a transmission system from Srinagar to Leh at a cost of Rs 1,840 crore," Finance Minister P Chidambaram said in his Budget speech.
He said, "I propose to provide Rs 226 crore in 2013-14 for the project. " The transmission link would be constructed by the central transmission utility Power Grid Corporation.
Earlier this week, Railway Minister Pawan Kumar Bansal also announced Bilaspur-Manali-Leh railway line connecting Himachal and strategically-important Ladakh region of Jammu and Kashmir, adjoining China border. The Finance Minister also asked the state governments to prepare the financial restructuring plans quickly, sign the Memorandum of Understanding and take advantage of the scheme.
Recommended For You
- Bye-Bye 'Boom Boom' as Shahid Afridi Ends International Career
- Moto 3rd Anniversary Sale on Flipkart: Huge Discounts on Moto Z, Moto M and More
- Man Purposely Damages Tesla Model S to Save a Life, Gets Compensation
- Shahid Kapoor's Pre-Birthday Bash: Deepika, Alia, Katrina steal the show
- Jaguar XE, XF and F-Pace Owners Can Soon Pay for Fuel Through Their Infotainment System