‘NHPC earned Rs 2761.26 cr revenue from Salal, Uri power projects
Jammu, Apr 3: Minister for Tourism and Culture Nawang Rigzin Jora has said that the State government during the year 2000 has signed memorandum of understanding with Union Ministry for Power for transfer of seven hydro electric projects to National Hydro Power Cooperation for their execution, adding that these projects were Uri 480 MW, Sewa-II 120 MW, Nimo Bazgo 45MW, Chutuk 44 MW, Kishenganga 330 MW, Bursar 1020 MW and Pakaldul 1000 MW. He said pakaldul hydro electric project has been taken back for implementation through JVC of JKSPDC, NHPC and PTC.
This was stated by him in reply to a question by Zulfkar Ali in Legislative Assembly here today.
He said prior to this, 690 Salal and 480 Uri-I were already transferred to NHPC for development.
He said however, with a view to looking into the various issues arising from the terms and conditions of entrustment of HEPs to NHPC in the State, the State Cabinet constituted a cabinet Sub Committee.
He said the committee submitted its report which was placed before the cabinet. He said the cabinet has accepted the recommendations of the cabinet sub committees and approved the course of action with regard to Salal and Uri Power Projects.
He said that as per MOU of October, 2008 and promoters agreement of December, 2010, it has decided to implement 3 projects namely 1000 MW Pakaldul, 600 MW Kiru and 520 MW Kawar in joint venture of JKSPDC, NHPC and PTC shall hold equity of 49:49:2 in the Joint venture Company called M/S Chenab Valley Power Projects Limited.
The Minister said that sanction was accorded to the execution of 1200 MW Sawalakote hydro electric power projects by a consortium comprising of SPAS, Ozaltin and HCC. He said the contract was subsequently cancelled which resulted in litigation and project cannot proceed further. He said the High Court issued its decision in February 2010, adding that at present the DPR is under appraisal of the CEA and the project is to be executed in the State Sector. He said Baglihar Hydroelectric Project is being executed under state sector while as BHEP-I has already been commissioned in October, 2008 and BHEP-II is under execution.
The Minister said that NHPC has earned revenue of Rs. 2761.26 crores from Salal and Uri Power Projects from commission till financial year 2010-11. He said JKSPDC has commissioned Baglihar Hydroelectric Project stage-I from which a turnover of about Rs. 1000 crores per annum is generated through sale of power.
He said that as per the decision of the Cabinet, the development commissioner power has been authorized to examine whether the state has availed of full benefits as per the terms and conditions as agreed by the state and central governments so that the balance could be claimed from central government/NHPC.
Lastupdate on : Tue, 3 Apr 2012 21:30:00 Makkah time
Lastupdate on : Tue, 3 Apr 2012 18:30:00 GMT
Lastupdate on : Wed, 4 Apr 2012 00:00:00 IST
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