J&K power sector gets real shot in the arm
A loan assistance of over Rs 11 thousand crores has been approved for the Indian union territory of Jammu and Kashmir under the Atmanirbhar Bharat Abhiyan (ABA) – a liquidity infusion scheme in DISCOMs.The loan assistance of Rs 11,024.47 crore will enable J&K to clear its outstanding payments under power purchases.An MoU for availing of the second tranche of this loan for Rs 5,444.47 crore was signed between J&K Power Development Department, J&K Power Corporation Ltd. and Power Finance Corporation (PFC) in presence of the Principal Secretary PDD, Rohit Kansal at Srinagar, an official statement said.The MoU, it said, was signed by the Director Finance PDD, M.H Malik and Chief Engineer JKPCL, Mohammad Yousuf Baba and Madhu Chakraborty GM, L&D PFC. The MDs of the DISCOMS, Chie