- Punjab civic polls 2017 LIVE UPDATES: Counting underway, Congress heading for clean sweep
- Live Cricket Score, India vs Sri Lanka, 3rd ODI at Visakhapatnam: India lose Shreyas Iyer but remain dominant in 216-run chase
- ‘Dubai Duty Free’ EVC and CEO Colm McLoughlin receives honorary doctorate from Middlesex University Dubai
Stressing upon the need for hydro power sector as critical to the state’s economy, Jammu and Kashmir Chief Minister Mehbooba Mufti on Saturday emphasised that work on the ongoing projects as well as the exploration of new ones will have to be pursued vigorously.
Watch What Else is Making News
“The work on the ongoing (power) projects as well as the exploration of new projects will have to be pursued vigorously,” she said, chairing the 72nd meeting of the Board of Directors of Jammu and Kashmir State Power Development Corporation (JKSPDC) in Srinagar.
She said the decision-making with respect to allotment and execution of power projects should be time-bound to ensure that the state gets the dividends of increased power generation.
In his presentation, JKSPDC Managing Director Shah Faesal informed the Board about various ongoing projects as well as the roadmap for augmenting power generation in the state.
“The Corporation is presently looking after 23 hydropower projects with a total installed capacity of 1211.96 MWs besides four IPPs of 42.5 MWs.
“Four projects are under implementation in the state sector with a capacity of 103.5 MWs and three major projects with an expected generation capacity of 3176 MWs are in the pipeline,” he said.
Commissioner Secretary, Power Development Department (PDD), Dheeraj Gupta, briefed the Board regarding various ambitious projects in state sector like 1850 MW Sawalakote HEP, 390 MW Kirthai-I and 930 MW Kirthai-II which are at an advanced stage of appraisal with Central Electricity Authority (CEA).
In a key decision taken in the meeting, the long pending contract allotment issue of the 93 MW New Ganderbal Hydropower Project will be referred to the State Cabinet, an official spokesman said.
He said the Board approved the constitution of Management and Finance Sub-Committee under the Chairmanship of Deputy Chief Minister Nirmal Singh and Audit and Compliance Subcommittee under Chief Secretary B R Sharma for better oversight of the organizational matters pertaining to JKSPDC.
It was also decided that besides Power Finance Corporation, other traders would also be explored by PDC for selling of 60 per cent power from Baglihar Hydroelectric Project Phase-II to get a competitive tariff, the spokesman said.
He said it was also decided to approach Union Ministry of Power for allocation of power quotas from BHEP-2 to the neighboring states for guaranteed flow of revenue for servicing of the loan.