The Himachal Pradesh Cabinet approved settling over half a century old electricity arrears with Punjab and Haryana in three Bhakra Beas Management Board (BBMB) projects in compliance with a Supreme Court order in terms of differential energy return. The differential energy quantum of 13,066 million units would fetch Rs 3,266 crore to the state at an average rate of Rs 2.50 per unit. Chief Minister Jai Ram Thakur presided over the cabinet meeting which also approved negotiations with both the neighboring states for payment of the entire differential energy within 10 to 12 years. The Cabinet approved the proposal of Punjab and Haryana on the return of differential power from October 1 to March 31 owing to their constraints of paddy harvest season and also the requirement of Himachal Pradesh during winter months in public interest.
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