For the financial year 2022-23, the government proposes to boost the overall investment by eight state-owned electricity corporations by nearly 5% to Rs 51,470.14 crore.
According to the Budget paper, the power ministry’s total expenditure for 2022-23 has been increased slightly to Rs 16,074.74 crore.
According to the budget document presented in Parliament, Satluj Jal Vidyut Nigam, a public sector undertaking (PSU) under the administrative control of the Ministry of Power, saw the largest increase in 2022-23, rising to Rs 8,000 crore from the budgeted and revised estimate of Rs 5,000 crore for 2021-22.
The investment by NHPC has also been increased to Rs 7,361.05 crore for 2022-23.
In case of Power Grid Corporation of India Ltd (PGCIL), the investment for 2022-23 has been kept flat at Rs 7,500 crore for 2022-23, while Damodar Valley Corporation’s investment has been pegged at Rs 2,009.87 crore for 2022-23.
In case of NTPC, investments for 2022-23 has been reduced to Rs 22,454 crore, from budgeted as well as revised estimates of Rs 23,736 crore for 2021-22.
According to the Budget, North Eastern Electric Power Corporation will invest Rs 900.81 crore in 2022-23, as against revised estimates of Rs 733.20 crore for this fiscal.
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