Leasing of 73 Sqm. of defence land at Naval Dockyard, Mumbai to M/s. BEST

No: --- Dated: May, 04 2016

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal for leasing of 73 sq. mtr. of defence land at Naval Dockyard, Mumbai to M/s. Brihanmumbai Electric Supply and Transport Undertaking (BEST) at a nominal rent of Rs.1/- per annum. The lease of the land will be initially for a period of 30 years and renewable for another two terms of 30 years each This would facilitate installation of the fourth transformer and construction of underground water storage tank with pump house at Naval Dockyard, Mumbai to provide power supply for the new Dry Dock facility under construction. 

The installation of transformer will be undertaken by BEST at their own cost and there will be ‘No’ financial implications for the Indian Navy. 

Background:

The existing power supply is insufficient to cater for the new Dry Dock under construction and there is a necessity of installation of an additional transformer and underground water storage tank with pump house for fire safety within the premises of Dockyard. The lease of 73 sqm. of land to M/s. BEST at Dockyard will only entitle M/s. BEST to install the transformer and construct underground water storage tank with pump house, whereas the ownership of land shall continue to rest with the Navy. 

The power supply to Naval Dockyard, Mumbai is provided by M/s. BEST. At present, there exist three transformers at Main Receiving Sub-Station, Naval Dockyard, Mumbai which are maintained by M/s. BEST and cater to existing facilities of the Yard only.