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Prime Minister Narendra Modi dedicated and laid the foundation stone for over ₹56,000 crores in power, rail, and road development projects in Adilabad, Telangana.
Addressing the gathering, the Prime Minister said that the land of Adilabad is becoming a witness to development projects related not only to Telangana but to the entire country as more than 30 development projects worth more than ₹56,000 crores are either being dedicated to the nation or their foundation stones are being laid today. These projects include many projects related to energy, environment sustainability and road connectivity in the state.
The Prime Minister informed that the 800 MW capacity NTPC Unit 2 inaugurated today will further boost Telangana's electricity generation capacity. The Prime Minister reiterated the mantra of the nation’s development through the development of the states. He said that with a better economy, trust in the country grows, and states also benefit from that as they get investment. He mentioned the global buzz around the high growth rate of the Indian economy, as India is the only major economy growing by 8.4% in the last quarter. “With this speed, India will become the world’s third-largest economy, " said the Prime Minister, which will also mean high growth for Telangana's economy.
The Union Minister for Power and New & Renewable Energy Shri R. K. Singh joined the programme from the Power Grid substation in Maharani Bagh, New Delhi. Addressing the gathering before the event's commencement in Adilabad, the Power and New & Renewable Energy Minister recalled that many mega projects in generation, transmission and distribution have been successfully undertaken in the last decade to fulfil the aspirations of a rapidly growing nation.
Complimenting Power Grid employees and the power sector PSUs and stakeholders, the Power Minister said this growth has been possible because of their contribution. Highlighting the synergistic relationship between the development of the power sector and of the economy, the Minister said that the nation would not have been able to grow as fast without strengthening of the power sector. “In order to accommodate the substantial capacity addition, the Government of India planned and added 1,89,052 circuit kilometres (ckm) of transmission lines, between 2013-14 to 2022-23, connecting the whole country into one grid running on one frequency with the capability of transferring 1,16,540 MW from one corner of the country to another, also further integrating the whole country into one national market.”
The Minister added that Government has made concerted efforts to make Power Sector viable. “The AT&C losses have come down from 25.72% in 2014-15 to 15.40% in 2022-23. All current payment of Gencos are up-to-date and the legacy dues of Gencos have come down from ₹1,39,947 crores in June 2022 to ₹49,451 crores on 31st January, 2024. The subsidy payment to DISCOMS for subsidies announced by State Government are up-to-date.”
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