Gurgaon builders to pay more for power infrastructure

Delhi/NCR
Private builders and developers will now have to pay Rs 10-15 lakh more as bank guarantee for power infrastructure as the Dakshin Haryana Bijli Vitran Nigam (DHBVN) has revised its bank guarantee policy. The final rates are expected to be released next week.

In June 2014, the DHBVN had asked developers to deposit bank guarantees, saying that if they failed to develop the necessary power infrastructure on their own, the discom would develop, augment the supply and also release new connections in those developer areas.

DHBVN general manager Sanjeev Chopra on Saturday told TOI that senior officials of the discom have decided to hike the bank guarantee for builders of multistoreyed projects as well as of plotted area projects.

“For multistoreyed projects, for instance, there is no need to build a substation. A transformer is sufficient as there is not much cabling required. But for projects which are spread out on larger areas such as plotted area colonies, there is a need for overhead cables, substations and transformers. Therefore, it is not justified to charge the amount for both kinds of electrification projects,” Chopra said,

“The amount for plotted projects is therefore more than that of multistoreyed projects, as they cover more area and population,” he said.

Earlier, all private developers were paying a fixed amount of Rs 58 lakh as bank guarantee. “Now those developing multistoreyed projects will have to pay about Rs 37 lakh and those constructing buildings in a plotted area or group housing schemes will have to pay between Rs 68-72 lakh,” Chopra said.

Besides revising the rates, the discom has also decided to lay double-circuit cables as part of the power infrastructure to ensure uninterrupted supply. With rampant construction going on in the city, officials said it is quite common for a circuit to get damaged, due to which an entire colony suffers from power outages. Double circuits will help prevent such a situation. If one circuit is damaged, power can be supplied through the other.

Source:http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/gurgaon-builders-to-pay-more-for-power-infrastructure/75776.html