center-politics-polavaram-fate-hangs-in-the-air-yet-againUnion Government is in the process of according ‘Statutory Status’ to Polavaram Funding as promised in the Special Package of Andhra Pradesh. But then the music for Andhra Pradesh seems to be far from over as the Center is only funding the Project according to the estimations of 2010-11.

In such case, the Project which will cost some 40000 Crore according to the latest estimates will only get funding to the tune of 16010.45 Crore from the Center. The Finance Ministry had prepared such proposals and sent them to Union Water Resources Ministry. The Center will fund the project through NABARD Loans.

The cabinet note will be put up for Union Cabinet approval in the next cabinet meeting. This is not even half funding will create new political problems. Already there is a dissent in the people for going back on Special Status. When the center should convince the people with the Special Package, it is further worsening the things by complicating the issues.

With this the fate, Polavaram Project hangs in the air once again. Polavaram Multi-Purpose Irrigation Project comes with a total capacity of 194 TMC which will irrigate about Five Lakh Acres over Two Crops Every year. The Project will also generate 960MW of Hydel Power which is the cheapest available power in the market right now. Hence the project is said to be very beneficial for the state and is treated as the ‘Life Line’.