Supreme Court directs Punjab, Haryana to supply Himachal Pradesh's energy arrears
A bench led by Chief Justice Surya Kant said the settlement would be implemented on a cashless basis, with the capital-cost liability being adjusted against the energy arrears and the remaining energy being supplied in accordance with the specifie...
A bench led by Chief Justice Surya Kant said the settlement would be implemented on a cashless basis, with the capital-cost liability being adjusted against the energy arrears and the remaining energy being supplied in accordance with the specified schedule. "We trust that all concerned parties will extend their cooperation and ensure that the directions issued by this court are implemented in their true letter and spirit," it said, bringing to a close a decades-long dispute over the sharing of power generated from the Bhakra-Nangal and Beas hydroelectric projects.
Himachal's liability towards its 7.19% share of the capital cost of the Bhakra-Nangal and Beas projects, representing the unreimbursed share of loan servicing undertaken by Punjab and Haryana since 1966-67, has been assessed at Rs 420.77 crore, comprising Rs 249.23 crore attributable to Punjab and Rs 171.55 crore attributable to Haryana, the judgment stated.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.