Pre-qualification criteria for hydro projects relaxed

PDC proposal gets CM’s nod

GK NEWS NETWORK

Jammu, Dec 26: In a welcome development, Chief Minister Omar Abdullah has approved proposal of Power Development Corporation “for relaxation of the pre-qualification criteria for 10 MW capacity projects” to meet the objective of State Hydel Policy 2011.
 Pertinently, the policy provides for reservation of projects up to 10 MW for Jammu and Kashmir residents.
 “To encourage the participation of permanent residents of the state in development of hydroelectric projects, the Chief Minister had directed JKSPDC to hold meetings with the representatives of Chamber (s) of Commerce and Industries and other stakeholders and get their inputs,” an official statement today said.
 Accordingly, detailed interactions were held with the representatives of the Chamber of Commerce & Industry Srinagar and Jammu, Federation Chamber of Industry Srinagar and Jammu, Self Help Group of Engineers & other stakeholders at Srinagar and Jammu last month.
 Based on the feedback in these meetings, the Chief Minister approved relaxation of the pre-qualification criteria for projects up to 10 MW, it said.
 As per the modified criteria, the entrepreneurs can now hire technical experts to guide them in construction of these projects and simultaneously meet the technical criteria stipulated for these projects.
 Since the State has enough engineers & other experts, the entrepreneurs would find it easier to meet the technical criteria through their experience rather than having experience of construction of infrastructure, hydroelectric, river valley, power projects on their own.
 This relaxation would also augment the efforts of the Government in providing employment opportunities to qualified engineers in the State, besides accelerating the pace of development of hydel generation, the statement said.
 The modified eligibility criteria would essentially be the financial eligibility in terms of ‘net worth and annual turnover’, which too has been reduced to Rs 0.30 cr/MW and Rs 0.70 cr/MW, against the earlier stipulated Rs 0.50 cr/MW and Rs 1.20cr/MW respectively.
 The bidder would also have to undertake to place in position a strong technical team comprising experts in Civil, Electrical & Mechanical Engineers, etc. as per the manpower plan approved by JKSPDC at the Techno Economic Clearance of the DPRs.
 The relaxation of the pre-qualification criteria would be applicable only to projects up to 10 MW.
 The relaxation in the criteria enabled removal of a major stumbling block experienced by the local residents while bidding for the projects already advertised by JKSPDC under the new Hydel Policy.
 The Corporation is inviting bids for about 20 Projects each of capacity up to 10 MW reserved for locals and it is expected that with the relaxed eligibility criteria, the local entrepreneurs shall participate in the bidding process in a big way.

Lastupdate on : Wed, 26 Dec 2012 21:30:00 Makkah time
Lastupdate on : Wed, 26 Dec 2012 18:30:00 GMT
Lastupdate on : Thu, 27 Dec 2012 00:00:00 IST




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