Local Entrepreneurs Can Be Handy For Hydroelectric Projects: MD JKSPD

SRINAGAR – Jammu and Kashmir State Power Development Corporation (JKSPDC) organized an interactive session here today in the backdrop of the notification of the State Hydel Policy-2011. The session was aimed at encouraging active participation of local entrepreneurs in development of hydroelectric projects in the state.

Managing Director JKSPDC, . Basharat Ahmad Dhar presided over the interactive session and among others was attended by President Chamber of Commerce Kashmir, Abdul Hamid Punjabi, President FCIK, Zahoor Bhat, Shakeel Qalandar, Dr. Mubeen Shah and other office bearers of Chamber of Commerce and Industry and Federation of Industries Kashmir.

During the deliberations, the projects under the policy for development through IPP mode with the representative of Chamber of Commerce and Industries with a view to ensure greater participation of local entrepreneurs in such projects was threadbare discussed.

Managing Director, JKSPDC . Basharat Ahmad Dhar informed the representatives of the commerce & industry about the massive capacity addition programme which is underway in the State and the concerted efforts of the Corporation headed by the Chief Minister to add about 8000 MW of hydro power in the state in the 12th/13th plan period including projects being taken up in private sector in the IPP mode. He informed the participants that while work on 450 MW BHEP-II is in progress, two projects namely 9 MW Hanu and 9 MW Dah have been allotted and  decks have already been cleared for allotment of 37.5 MW Parnai and 5 IPP projects. 

Elaborating on the contours of Hydel policy 2011, he emphasized the commitment of both the State Government as well as the Corporation to encourage participation of local entrepreneurs in the sector and requested them to come forward and participate wholeheartedly in the bidding process already underway for about 13 Projects, other projects being advertised in future  and take advantage of the incentives available to them under the policy like Commitment of State to buy power, exemption from water usage charges for first 10 years, exemption of entry tax.

Expressing their gratitude to the Managing Director for extending invitation to the stakeholders for participating in the discussion aimed at furthering the interests of the State , the representatives of the commerce & industry requested for relaxation of eligibility criteria to enable more people to get qualified for participating in the bidding process. They appreciated that by way of adopting a participatory approach in development of the sector, the Corporation had decided to involve them at the crucial stage. By showing respect and recognition for the local industry and traders, JKSPDC had generated lot of goodwill which would hold them in good stead for the benefit of the sector.

After registering the input and advice of the representatives, the Managing Director assured them that the demands put forth would be taken up for early redressal.

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