Srinagar: The state government on Saturday said that the preparations for retrieving three power projects in the state from National Hydro-electric Power Corporation (NHPC) are in the process.
While replying to a question of PDP legislator, Abdul Rehman Veeri, MoS Power, Vikar Rasool Malik told the legislative assembly that government was vehemently pursuing and working out all the modalities to get the three power projects back in the states kitty.
He said that the government has forwarded the Cabinet Sub-Committee Reportconstituted to work out modalities for buying back the three projects to NHPC and is awaiting the final decision( complete details) regarding the total cost accrued by the company on the projects and the overall assets.
Notably, the Omar Abdullah government had earlier accepted the Subcommittee report seeking buying back the three power projects.
We have forwarded the report to NHPC and are awaiting details from the company which it is supposed to provide to the PDD here. Once the final report reaches PDD, we will work out the modalities of arranging the money in retrieving the power projects, said Vikar while adding that the state government has already engaged the consultants in this regard.
Minister for Youth Services and Sports, Taj Mohiuddin, who was PHE minister in his previous tenure, said that the state has earned Rs 925 crore since the Water Resource Bill was enacted.
He said that while Rs 700 crore have come from NHPC the rest of the money has been collected from PDDs pocket. He added that the figures would increase as the state government is eyeing Rs. 210 crore more from the commissioning of the Uri-11 project.
While asking the state government to speed up the process of buying back the power projects from NHPC, Abdul Rehman Veeri from PDP said that the coming winter has always been difficult for Kashmiris.
There are frequent power cuts during winters here causing immense problems to the locals. Government should sped up the retrieving process as it would benefit us in the larger run, Veeri said while adding that Himachal Pradesh is benefiting more from the power projects operating on the J&K soil.
Be Part of Quality Journalism
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.