Jammu and Kashmir to earn 850 crore per year for Water Used to Generate Power

摘要

Jammu and Kashmir Assembly has passed a Bill laying down that companies running hydro-electric power projects in the state pay for the water they use to generate electricity. The government sources indicate the state will earn Rs 848 crore a year in additional revenue. The Bill was taken up for passage by the Legislative Council on Oct 11, 2010. The J-K Water Resources (Regulation and Management) Act also levies taxes on water used for irrigation and drinking, which will fetch the exchequer another Rs 150 crore.