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NTPC starts distributing annuity for Jharkhand project

JHARKHAND: State-owned NTPCBSE -1.30 % today began the process of disbursing annuity to the Jharkhand projectaffected people at Pakri Barwadih in Hazaribagh district. 

"I started giving annuity today, and the rest people will get (theirs) from them (officials)," NTPC Chairman and Managing Director Arup Roy Choudhury Choudhury told reporters here after giving away cheques to the people, who gave their land for the public sector's 
Jharkhand Project here, about 100 km from the state capital Ranchi. 

The public sector proposed to start coal mining here at the earliest. 

Choudhury said he would meet the state government officials and keep some demands put by the locals in addition to the NTPC's Land Compensation and Annuity under its Rehabilitation and Resettlement Programme. 

Stating that the public sector's R&R was approved by 
Jharkhand government, he said the NTPC had agreed whatever the state asked with regard to the R&R. 

But one should understand, he said, adding that if the state gave more for the NTPC project then it has to agree for other projects as well. 

"Secondly, fifty per cent of the electricity has to be purchased by the state. The more increase in cost the more electricity rate," he said, adding that it would affect the consumers tariff-wise. 

On the people's demand for jobs along with other compensation package, Choudhary said qualified persons of the locality would get preference in employment and the public sector would help train skilled hands. 

Among several benefits under its R&R, the NTPC is giving Rs 15 lakh per acre to the project affected people.