Hyderabad: The Fifteenth Finance Commission’s remarks on the K. Chandrashekar Rao-led TRS government’s flagship project, Kaleshwaram, in its report tabled in Parliament on February 1 has not gone down well with the state government.
The state government has found the commission’s stand on Kaleshwaram to be “very strange”. This is because members of the commission, who visited the Kaleshwaram project site on more than one occasion in the past, had heaped praises on the project, mostly between 2018 and 2020.
However, in its report, the Finance Commission “questioned the financial viability” of this project, being taken up at a cost of more than Rs 80,000 crore.
The FC report pointed out that this project “invariably notches up a massive electricity bill”, bringing to question the financial viability of the project, in the “absence of a guaranteed revenue stream”.
It goes on to suggest to the Telangana state government that it “should try to…
