 the blectricity (supply) amendment bill, 1962(as introducbd in loj: sabra on 3id sip'ombbi, 1963) r~ '\ruamenl lllsttalu no  ~  --~&tf\ •• ~j:l1;_€~;;  (as introduced in lok sabha) a billfurther to amend the electricity (supply) act, 1948 be it enacted by parliament in the thirteenth year of the republic of india as follows:-1 this act may be called the electricity (supply) amendment shon tide act, 1~62 i  5 2 after section 20 of the electricity (supply) act, 1948, the insertion)f following section shall be inserted namely:-new lection 10 , 2oa "20a without prejudice to the generality of the power of pow~r to the board to acquire eny property, the board may acquire from ;:~i': • the state government on lease any project relating to the gene- etc, on ration of electricity and all transmission lines and other works lease connected with such project on such terms and conditions, including terms and conditions relating to the operation and maintenance of the project, as may be agreed upon between the state government and the board   statement of objects and reasonsthe koyna hydro-electric project in the state of maharashtra is being financed by a loan from the international bank for reconstruction and development although the project is being executed by the state government of mlbhall'ashtra departmentally, the intention was to transfer it to the state electricity board on completion pursuant to the loan agreement with the international bank 2 the loan agreement with the international bank provides tbat the rates for the sale of electricity generated by the project would be fixed at such level as would ensure that the earnings from the operati~n of the project would after providing for all operating expenses, including taxes, 'adequate depreciation, mterest and repayment of all loans and advances, ahow for a reasonable contribution towards the cost of expansion of power facilities of the electricity board an out and out transfer of the project to the board would involve tr'msfer to the board of the liability of the state government regarding the payment of interest and principal of the loan the electricity (supply) act, 1948, does not permit such payment from the revenues of the board and hence such payment cannot be taken :inito account in the fixation of the rates of supply an outright transfer of the project to the board would, therefore, stand in the way of compliance with the stipulations in the loan agreement with the bank it is proposed to overcome the difficulty by empowering the board to acquire the project on laue having regard to the scheme of the act, however, doubt, have been expressed 81 to the power of the board to operate any project on lease an express provision is, therefore, considered necessary in this respect hence this bill ' hafiz mohd mrahim new daiu; : the 25th augur 1962 a bill further to amend the electricity (supply) act, 1948 (hafiz mohammad ibrahim, minister of irrigation and power) 