Now momentum can describe several things that that energy does and if it is not able to describe it then it can be somehow extended to describe that thing.
For example, momentum can not describe the potential energy let's say due to the gravitational field of Earth on an object but it can be easily twisted to be able to describe it.
Have you actually tried to do this? I would think it would not be possible to extend momentum in this way, not without reforming fundamental assumptions about mechanics. I will come back to this.
To answer your question, the formal answer is that conservation of energy and momentum are consequences of distinct symmetries of the interaction. We can stick to classical, Newtonian mechanics to see hints of this. From Newton's second law,
$$
F = m \frac{\textrm{d}v}{\textrm{d}t} \implies \int F\,\textrm{d}t = \int m \,\textrm{d}v = \Delta p,
$$
and with a simple use of the chain rule,
$$
F = m \frac{\textrm{d}v}{\textrm{d}t} = m \frac{\textrm{d}v}{\textrm{d}x}\frac{\textrm{d}x}{\textrm{d}t} = mv \frac{\textrm{d}v}{\textrm{d}x} \implies \int F \,\textrm{d}x = \int mv \,\textrm{d}v = \Delta T.
$$
(the quantity $\int F \,\textrm{d}t$ is called the impulse of the force, and $\int F \,\textrm{d}x$ is called the work done by the force.)
Even here you can see that the conservation of kinetic energy $T$ and momentum $p$ depend on different characteristics of the force $F$. Let's take this further.
Given a force $F(x,t)$ that has explicit time dependence, if we can find a sort of generating function of the force $F$, called the potential $U(x,t)$, such that $F = - \partial{U}/\partial{x}$, then
$$
\int F \,\textrm{d}x = -\int \frac{\partial U}{\partial x}\textrm{d}x = - \int \left( \textrm{d}U - \frac{\partial U}{\partial t}\textrm{d}t \right) = - \Delta U + \int \frac{\partial U}{\partial t}\textrm{d}t.
$$
So,
$$
\Delta E := \Delta (T + U) = \int \frac{\partial U}{\partial t}\textrm{d}t,
$$
and the total energy $E$ will be conserved for all times if $\partial{U}/\partial{t} = 0$; or, in other words, if $U$ has no explicit time dependence, and hence if $F = - \partial{U}/\partial{x}$ has no explicit time dependence. Thus, we see that the conservation of energy is a statement about the dependence of the interaction (force) on time alone. (Note here the primacy that $U$ plays and not $F$ directly: $F$ is merely a "consequence" of $U$.) Most fundamental forces in nature do indeed have no explicit time-dependence, and thus conserve total energy.
We can, theoretically, follow the same logic with conservation of momentum. If we can find another generating function $G(x,t)$ such that $F = -\partial{G}/\partial{t}$, then, following the same steps as above, we will find that:
$$
\Delta (p + G) = \int \frac{\partial G}{\partial x}\textrm{d}x,
$$
and that the quantity $(p+G)$ will be conserved everywhere if $\partial{G}/\partial{x} = 0$. Or, in other words, if $G$ has no explicit $x$-dependence, and hence $F$ has no explicit $x$-dependence. However, no fundamental forces that are purely time-dependent are known. No forces, for example, behave like $F = \sin{t}$ as opposed to, say, $F = - k x$. Thus, the quantity $G$ plays no significant role in physics. Indeed, the only force that will conserve both energy $E$ and the quantity $(p+G)$ must have no explicit time or space dependence, and thus must be $F = 0$, in which case $U = 0 = G$ anyway. So, we talk of conservation of momentum only, and this will occur whenever $\int F \,\textrm{d}t = 0$. The stronger condition that momentum is conserved at all times requires that $F(x) = 0$, and if we understand $F(x)$ to be a condition upon space, then the conservation of momentum is a statement about the spatial dependence of $F$. For closed systems, Newton's third law, which says that two interacting bodies experience "equal and opposite" forces, ensures that the total impulse $\int F\,\textrm{d}t$ will always cancel since such interactions always occur in cancelling pairs of internal forces. In the language of symmetries, this would be the argument that Newton's third law guarantees that forces have no explicit absolute $x$-dependence since the only spatial quantity that can be inherently common to two distinct bodies can only be some function of their mutual separation. Thus, for such closed systems, the total momentum will always be conserved since the system as a whole has no absolute $x$-dependence.
Thus, to conclude, it cannot be possible for conservation of energy and conservation of momentum to be dependent since they are statements about the characteristics of the interaction with respect to distinct mechanical parameters (i.e., space and time). To be able to describe one in terms of the other would be tantamount to saying something like that space and time are mechanically, fundamentally connected, which would be a strange mechanical world. Even Quantum-mechanically, the details may be different, but the broad relationship between energy and momentum, and time and space are consonant.
A more rigorous treatment of the above ideas will involve the Lagrangian and Hamiltonian formalisms, which you may want to look in to for more details. These will naturally also lead on to quantum mechanics and Noether's theorem.