PROJECT

KRISHNA BHAGYA JALA NIGAM LTD

PROJECT

The UKP consists of construction of two dams across the Krishna River and a network of canals. The main storage is at Almatti Dam and a lower Dam at Narayanpur will serve as diversion Dam. The Project is planned to be implemented in different stages and phases. A riverbed project to generate 672 mu of electricity under the Almatti Dam is also planned.

BENEFITS OF THE PROJECT

  1. On completion, the project will benefit 5,09,000 hectares of land (4,25,000 in Stage I and 84,000 in Stages II) covering Gulbarga, Bijapur and Raichur Districts.
  2. 297 MW of Power is programmed to be generated under the power component of the Project. It is estimated that an average of 672 million units of hydroelectric power will be generated every year.
  3. About 530 Kms of new village and link roads will be constructed, while improvements will be made to 70 Kms of existing roads.
  4. Increase in production of foodgrains and employment to small farmers.
  5. Provision of drinking water for towns and villages situated in the project area (18 urban centers)

COST OF THE PROJECT

The total cost of the project to be executed by KBJNL (i.e., excluding the project components to be implemented by the Government of Karnataka) based on 1994-95 levels is as follows:

Financial  RUPEES CRORES

Physical     LAKH HECTARES

PHASE/ STAGE

ESTMATED COST

PROGRESS (UPTO 31.03.98)

BALANCE

STAGE – I
     
PHASE – I
     
FINANCIAL

700.00

700.00

-

PHYSICAL

1.05

1.09

-

PHASE - II
     
FINANCIAL

1149.00

1012.62

136.38

PHYSICAL

1.70

1.48

0.22

PHASE - III
     
FINANCIAL

1370.00

454.94

915.06

PHYSICAL

1.50

0.01

1.49

STAGE - II
     
FINANCIAL

1642.00

275.85

1366.15

PHYSICAL

0.84

0.01

0.83

TOTAL
     
FINANCIAL

4861.00

2443.41

2417.59

PHYSICAL

5.09

2.59

2.50

ESCALATION

925.00

482.76

442.24

O & M / SPECIAL REPAIRS

64.00

30.00

34.00

TOTAL WORKS COST

5850.00

2956.17

2893.83

INTEREST ON MARKET BORROWINGS

907.17

220.64

686.53

INTEREST ON SHORT TERM BORROWINGS

8.58

0.35

8.23

ISSUE EXPENSES

78.58

47.78

30.80

TOTAL COST

6844.33

3224.94

3619.39

LESS:  EXPENDITURE DURING

1.4.1998 TO 30.09.98

 

468.58

                 468.58
BALANCE COST
          6844.33
               3693.52
               3150.81

 

  1. Out of Rs. 3693.52 Crores expenditure incurred on the project till 30th September 1998 the Government of Karnataka has spent Rs. 1591.68 Crores against which assets worth Rs. 1147 Crores have already been transferred to KBJNL vide "GO No. ID3/KBN 94 dated 18.8.95 and GO No. ID3/KBN 94 dated 13.03.97.
  2. Borrowings have been assumed at the actual rates of interest for the funds already borrowed and at an average cost of 14% for the future borrowings.
  3. The issue expenses have been stated at actuals for the funds already borrowed and at an average cost of 1.95 % on the balance market borrowing programme.
  4. The cost of rehabilitation and resettlement already incurred is based on actuals. The balance rehabilitation and resettlement cost is based on the modified R & R Government Order No. RD 21 RHTY (P) dated 115.5.91 and Corrigendum No. RD 21 REHTY (P) DATED 15.5.95., RDH-REH-94 (p) DATED 114.10.96 AND RDH-REH-94 (p) DATED 04.02.97

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