National Thermal Power Corporation providing 53 megawatts of electricity daily to Meghalaya

Syllad | The Rising MeghalayaFebruary 22, 2024

Meghalaya Chief Minister Conrad K Sangma announced the allocation of Rs. 1, 558 crores towards the overall investment in the power sector including capital investments in transmission, distribution and generation for the financial year 2024-25.

This was told by Sangma during the placing of the Meghalaya State Budget on Wednesday.

Informing that Government arrived at an amicable settlement of the longstanding payments owed to National Thermal Power Corporation, Sangma that following the settlement the NTPC has started providing 53 megawatts of electricity daily to State which has helped in alleviating the loadshedding challenge during the winter months.

The Chief Minister said that under the Meghalaya Power Distribution Sector Improvement Project, 24 new substations are being set up and 48 existing substations are being renovated. The distribution architecture is undergoing upgradation under the Revamped Distribution Sector Scheme being implemented at a cost of Rs 1,092 crore, he added.

Sangma said that the Government is infusing substantial equity into the Meghalaya Energy Corporation Limited and is taking over the losses of the distribution company while asserting that an amount of Rs 950 crore has been spent this year. He also said that the high quantum of government support is expected to give the power corporation time to resolve complex issues and to transition towards loss reduction and improved efficiency and he also informed an amount of Rs 850 crore is allocating for supporting the power corporation in 2024-25.

The Chief Minister apprised that the CM Solar Mission was launched this year under which up to 90% subsidy is provided for setting up of solar power systems at rural households and enterprises and this program has an outlay of Rs 145 crore over a three-year period.