Vidhi Codex

Bare Act

The Uttarakhand Power Development Fund Act, 2003

General200311 sections

This Act establishes the Uttarakhand Power Development Fund to finance the state's energy infrastructure. It imposes a specific duty on hydroelectric power plants that have been operating commercially for more than ten years. The collected funds are managed by the State Government and used to develop new hydro power projects, improve electricity transmission systems, and support renewable energy initiatives within the state. By creating this dedicated financial source, the legislation aims to ensure the sustainable development and expansion of the state's power sector infrastructure.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement
  2. 2. Definitions
  3. 3. Collection of duty
  4. 4. Crediting of duty to consolidated Fund of Uttarakhand State
  5. 5. Grants and loans by the State Government
  6. 6. Establishment of Uttarakhand power development Fund
  7. 7. Utilization of the fund
  8. 8. Accounts and audit
  9. 9. Power of the State Government to administer the fund
  10. 10. Functions of the State Government
  11. 11. Power to make rules

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