Wednesday, Feb 23, 2005
Wednesday, Feb 23, 2005 |
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Hyderabad
By Our Staff Reporter
HYDERABAD, FEB. 22. The Hyderabad Metro Water Supply and Sewerage Board registered a gross surplus of Rs. 60.19 crores for 2004-05, the highest ever since its inception. There was also a ten-fold increase in the water cess revenue during the period attributed mainly to the dues clearance drive. For the year 2005-06, the board targeted 21 per cent growth in income and a further 24 per cent increase in the water cess revenue due to rationalisation of tariff from Rs. 16 crores to Rs. 20 crores per month.
Budget approved
The board meeting, chaired by the Municipal Administration Minister, Koneru Ranga Rao, in the absence of its Chairman and Chief Minister, Y.S. Rajasekhara Reddy, approved the budget for 2005-06 with a projected income of Rs. 322 crores and gross surplus of Rs. 69 crores. But, an estimated 19 per cent increase in expenditure mainly due to spiralling power consumption costs of the Krishna Drinking Water Supply Project and increasing interest burden on it had pegged the net surplus at Rs. 2 crores. The heavy interest and depreciation burden accounted for Rs. 45 and Rs. 22 crores respectively. "We had written to the Andhra Pradesh Electricity Regulatory Commission seeking waiver of power tariff for the Krishna water project. If it comes through, the net surplus could improve by Rs. 15 crores," the HMWSSB Managing Director, B.P. Acharya, told The Hindu .
Nod for proposals
The meeting also approved proposals to take up Stage II of the Krishna water project's first phase, an independent intake tower at Sunkishala in the foreshore of Nagarjunasagar as a permanent arrangement to draw Krishna water and a Rs. 100-crore pipeline from Sahebnagar to Lingampally that would bring Krishna water to the length and breadth of the twin cities as a part of the contingency plan for the summer of 2006.
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