Govt for involving local investors in power projects

Entrepreneurs seek relaxation in eligibility criteria


Srinagar, Nov 3: J&K State Power Development Corporation (JKSPDC) today organized an interactive session aimed to encourage participation of local entrepreneurs in development of hydroelectric projects in J&K.
 Managing Director JKSPDC, Basharat Ahmad Dhar presided over the session.
 Among others, present on the occasion were President Chamber of Commerce Kashmir, Abdul Hamid Punjabi, President FCIK, Zahoor Bhat, Shakeel Qalandar, Dr. Mubeen Shah.
 Dhar informed the representatives of the trade and industry about the massive capacity addition programme underway in J&K.
 He informed them about 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.
 While 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.
 He urged the local investors to come forward and participate in the bidding process already underway for about 13 projects and future projects 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, an official statement said.
 The representatives of the trade and 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,” the statement said.
 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.

Lastupdate on : Sat, 3 Nov 2012 21:30:00 Makkah time
Lastupdate on : Sat, 3 Nov 2012 18:30:00 GMT
Lastupdate on : Sun, 4 Nov 2012 00:00:00 IST

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