Hyderabad: Telangana K. Chandrasekhar Rao CM on Friday said he would make one last effort to get the relevant quota of AP power status by meeting Prime Minister Narendra Modi soon.
He said it was the responsibility of the Centre to implement the Reorganization Act AP in "letter and spirit" regarding power allocation. Mr. Rao threatened to stop supplying the power of the AP in new power plants are expected to arrive in Telangana within a year if AP continues to dishonor the AP Reorganization Act.
"According to the Law, the power must be shared between TS and AP in a ratio of 54:46. Under this Telangana is eligible for 2,700 MW of AP and AP is entitled to 2,000 MW of TS. If AP refuses to to share TS we will hit back. If AP undertakes to'll get 2,700 MW. Or else we will have our own 2,000 MW within a year from the new plants in Bhoopalapally and Adilabad, "said Mr. Rao in the Assembly.
He added: ".. We have also prepared a petition to be filed with the Supreme Court against AP This will be done if the Centre does not apply the Law" Although the Centre had allocated 6,000 MW of thermal power of TS during fork, said the state has been receiving only 4,200 MW.
"Although the Krishnapatnam plant has been producing 650 MW now AP is not even giving a single unit. I picked proof on this and to be submitted to the Centre," Mr. Rao claimed.
Government of AP has been falsely claiming that the plant has not yet begun production harm the interests of Telangana, "Mr. Rao claimed. Claiming that the AP government had complied with the distribution of power in connection with the Reorganization Act AP only one week after both states were formed, he added, "we started worrying blocking power exactly one week after TS formed. They began with the cancellation of the EPP unilaterally and subsequently denied power plants ".
TS can borrow around 5,000 crore, says CM:
Minister K. Chandrasekhar Rao allayed fears of an economy in crisis and said many institutions like the World Bank is willing to fund state projects.
He said he had already met government delegations from 27 countries and representatives of 80 companies. Speaking in the Assembly, the CM said the government can avail loans amounting to 90 percent of own revenues of the State (SOR) and Own Tax Revenue of the State (RTOS). "These loans are granted to the PSU and not the government. We can get loans from about 90 percent of the 48,000 crore rupees".
He stressed that the open market economy today meant states could deal directly with external agencies without the intervention of the Centre. "Funding agencies are willing to give funds. To date, I have met government delegations from 27 different countries and representatives of about 70-80 corporations. Investors are willing to come and funds are available to all. the only thing we have to plan properly, "the Chief Minister said.
The comments come a day in Andhra Pradesh Chief Minister met with Japanese Prime Minister Shinzo Abe, and is seeking investment in the state. He added: "The World Bank is ready to give money, but we were not happy with the terms and said JICA is willing to finance and we will take their help then World Bank told us to wait and said that they will change. clauses and back ".
KCR also allayed fears of a financial crisis and said the government was not in trouble in the Fiscal Responsibility and Budget Management (FRBM) Act forehead and could still benefit from loans. "Under FRBM, we can still take loans Rs 5,000 million rupees. We have not used, but we will use for the right purpose," he said.
MIM floor leader Akbaruddin Owaisi had earlier said that the financial situation of the state was worse than the energy crisis. However, speaking after the chief minister, told me never received answers to any of your questions.
