Centre sanctions Rs 56.42 billion for revamping the power sector in Jammu and Kashmir

Reportedly, the Ministry of Power (MoP) has sanctioned a Phase-I package of Rs 56.42 billion for complete revamping of the power distribution infrastructure under revamped distribution sector scheme (RDSS) in both urban and rural areas of Jammu and Kashmir.

Of the sanctioned amount under Phase-I, Jammu Power Development Corporation Limited will get Rs 28.08 billion and Kashmir Power Development Corporation Limited will receive Rs 28.34 billion to undertake the works that had remained stuck for seven decades. Under Phase-I, projects related to smart pre-paid metering and loss reduction/infrastructure creation will be implemented. Modernisation works will be funded separately under Phase-II.