Supreme Court verdict on BBMB dues historic, Himachal to get major income: Sukhu

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu has called the Supreme Court's verdict in favour of the state regarding the dues and financial rights of the Bhakra Beas Management Board (BBMB) a historic achievement and a victory for the people.

The Chief Minister stated that under this verdict, Himachal Pradesh will receive 60 crore units of electricity every year during the next 20 years. This is expected to generate an income ranging from Rs 10,000 crore to Rs 20,000 crore for the state during this entire period.

According to Sukhu, if the price of electricity is received at Rs 13 to 14 per unit, the state government will get an additional revenue of up to Rs 1,000 crore annually. Even if this rate remains at Rs 6 per unit, there will be an earning of at least Rs 500 crore every year.

The Chief Minister said that this earning will improve the financial condition of the state and accelerate development works. He termed this outcome as the government's fourth major achievement for the protection of the state's interests after Wildflower Hall, JSW and Kishau Dam.

Congratulating around 75 lakh residents and 24 lakh families of Himachal, Sukhu said that this amount will be used for education, health services, road construction, employment for youth and providing financial benefits to government employees.

Key developments

• Himachal Pradesh to get 60 crore units of electricity every year for 20 years
• State expects total income ranging from Rs 10,000 to Rs 20,000 crore
• Funds received will be spent on development works, health, education and employee benefits