The Kaleshwaram Lift Irrigation Scheme, being
constructed on the Godavari river in Telangana, is set to escalate the mounting
debt of the state further with the government going in for massive borrowings
to complete the project, as Delhi has turned a deaf ear to its plea for central
assistance.
With an estimated project cost of Rs 80,000 crore,
Kaleshwaram is the costliest lift irrigation project in the country, involving
the construction of three barrages, reverse pumping of water from Godavari into
three major reservoirs and diverting it into a huge and complex system of
reservoirs, water tunnels, pipelines and canals.
As per the Detailed Project Report, the Kaleshwaram
project will utilise nearly 200 thousand million cubic feet (tmc) of Godavari
river water, including 134 tmc to irrigate 18.25 lakh acres, another 34.5 tmc
ft for stabilisation of already irrigated area of six lakh acres, 10 tmc towards
drinking water and 16 tmc for industrial purposes.
The Telangana government has taken up such a massive
project with its own financial resources, besides borrowing heavily from
various financial institutions. So far, the government has spent over Rs 40,000
crore on the project, including borrowings of Rs 20,550 crore from various
commercial banks, besides another Rs 12,067 crore from the Power Finance
Corporation (PFC). The funding is being released in tune with the progress of
the project works.
On Wednesday, the government approved a proposal to
borrow another Rs 8,685 crore from the PFC, taking the overall debt component
of the Kaleshwaram project’s funding to more than Rs 40,000 crore. “The latest
borrowing from PFC is meant for funding mostly the power component of the lift
irrigation scheme, as it involves erection of various electric pumps and
construction of sub-stations,” Sridhar Deshpande, Officer on Special Duty (OSD)
to chief minister K Chandrasekhar Rao said.
Deshpande said the project of such a gigantic
magnitude would need liberal funding from the Centre, but so far, it had not
received a penny despite repeated representations from the state government.
According to him, the first phase of the project will
be completed by April or May.
Such a huge borrowing would add to the debt burden of
the state government. As per the budgetary figures, the outstanding borrowings
of the state went up from Rs 70,000 crore in 2014-15 to Rs 1.7 lakh crore in
2017-18 and is expected touch Rs 2 lakh crore by 2018-19. “This indiscriminate
borrowing in the name of Kaleshwaram is not a healthy sign. The state requires
another Rs 13,000 crore for annual operations and maintenance cost. Right from
the beginning, we have been telling that the cost-benefit ratio of the project
is very less. In the name of redesigning [the project], the TRS government
escalated the cost from Rs 34,000 crore to ₹80,000 crore just to benefit
contractors,” alleged former minister, Marri Shashidhar Reddy, the previous
head of the Forum for Utilisation of Godavari Waters.
Deshpande, however, said the burden on the state would
come down if the Centre declares Kaleshwaram as a national project with 100%
funding. “The chief minister is hopeful of achieving national project status to
it, once there is a favourable government at the Centre after next elections,”
he said.
Telangana BJP official spokesman, Krishna Sagar Rao,
refuted the TRS government’s allegations that the Centre had turned down
state’s pleas for funding the Kaleshwaram project.
“KCR just submitted some frivolous letters to the
Prime Minister asking for funds. He did not follow the due procedure of
submitting detailed project reports to the Centre,” he said.
In July 2018, Union minister of state for water
resources, Arjun Ram Meghwal, told Rajya Sabha in reply to a question from
Congress MP, T Subbarami Reddy, that the Central Water Commission had not
received any proposal from the Telangana state government seeking financial
assistance for the Kaleshwaram project.”
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