Budget 2013: Government to set up Srinagar-Leh power transmission link

New Delhi: The government has announced construction of a power transmission link between Srinagar and Leh at an investment of Rs 1,840 crore. "To improve power supply in the Leh-Kargil region (Jammu & Kashmir) and connect it to the northern grid, the government will construct a transmission system from Srinagar to Leh at a cost of Rs 1,840 crore," Finance Minister P Chidambaram said in his Budget speech.

He said, "I propose to provide Rs 226 crore in 2013-14 for the project. " The transmission link would be constructed by the central transmission utility Power Grid Corporation.

Earlier this week, Railway Minister Pawan Kumar Bansal also announced Bilaspur-Manali-Leh railway line connecting Himachal and strategically-important Ladakh region of Jammu and Kashmir, adjoining China border. The Finance Minister also asked the state governments to prepare the financial restructuring plans quickly, sign the Memorandum of Understanding and take advantage of the scheme.

The Finance Minister also asked the state governments to prepare the financial restructuring plans quickly.

(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)